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pledged. The Bonds are issuable only in fully registered form, in the denomination of $5,000 or any integral <br />multiple thereof, of single maturities. <br />Bonds maturing on February 1, 2032 and later years shall be subject to redemption and prepayment <br />at the option of the City, in whole or in part, in such order of maturity dates as the City may select and, <br />within a maturity, by lot as selected by the Registrar (or, if applicable, by the Bond depository in accordance <br />with its customary procedures) in multiples of $5,000, on February 1, 2031 and on any date thereafter, at a <br />price equal to the principal amount thereof and accrued interest to the date of redemption. The City shall <br />cause notice of the call for redemption thereof to be published if and to the extent required by law, and at <br />least thirty (30) and not more than sixty (60) days prior to the designated redemption date, shall cause notice <br />of call for redemption to be mailed, by first class mail (or, if applicable, provided in accordance with the <br />operational arrangements of the securities depository), to the registered holders of any Bonds, at the holders' <br />addresses as they appear on the Bond register maintained by the Bond Registrar, but no defect in or failure <br />to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any <br />Bond not affected by such defect or failure. Official notice of redemption having been given as aforesaid, <br />the Bonds or portions of Bonds so to be redeemed shall, on the redemption date, become due and payable <br />at the redemption price therein specified and from and after such date (unless the City shall default in the <br />payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon partial <br />redemption of any Bond, a new Bond or Bonds will be delivered to the owner without charge, representing <br />the remaining principal amount outstanding. <br />Bonds maturing in the years 2032, 2034, 2036, and 2038 shall be subject to mandatory redemption, <br />at a redemption price equal to their principal amount plus interest accrued thereon to the redemption date, <br />without premium, on February 1 in each of the years shown below, in an amount equal to the following <br />principal amounts: <br />Term Bonds Maturing in 2032 <br />Sinking Fund Aggregate <br />Payment Date Principal Amount <br />2031 $170,000 <br />2032* 180,000 <br />*final maturity <br />Term Bonds Maturing in 2036 <br />Sinking Fund <br />Payment Date <br />2035 <br />2036* <br />*final maturity <br />Aggregate <br />Principal Amount <br />$145,000 <br />150,000 <br />Term Bonds Maturing in 2034 <br />Sinking Fund <br />Pavment Date <br />2033 <br />2034* <br />*final maturity <br />Aggregate <br />Principal Amount <br />$180,000 <br />140,000 <br />Term Bonds Maturing in 2038 <br />Sinking Fund Aggregate <br />Payment Date Principal Amount <br />2037 $155,000 <br />2038* 160,000 <br />*final maturity <br />Notice of redemption shall be given as provided in the preceding paragraph. <br />As provided in the Resolution and subject to certain limitations set forth therein, this Bond is <br />transferable upon the books of the City at the principal office of the Registrar, by the registered owner <br />hereof in person or by the owner's attorney duly authorized in writing upon surrender hereof together with <br />a written instrument of transfer satisfactory to the Registrar, duly executed by the registered owner or the <br />4876-8449-2315\4 2 <br />