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terms under which the Bonds are issued, the provisions with regard to the nature and extent of <br />the Revenues, and the rights of the registered owners of the Bonds. All of the terms of the <br />Indenture are hereby incorporated herein and constitute a contract between the Authority and the <br />registered owner of this Bond, to all the provisions of which the registered owner of this Bond, <br />by acceptance hereof, agrees and consents. Each registered owner hereof shall have recourse to <br />all of the provisions of the Indenture and shall be bound by all of the terms and conditions <br />thereof. <br />The Authority has agreed and covenanted that, for the payment of the interest on, <br />the principal of and redemption premium, if any, on this Bond and all other Bonds of this issue <br />authorized by the Indenture when due, there has been created and will be maintained by the <br />Trustee a special fund into which all Revenues (other than deposits to the Rebate Fund created <br />by the Indenture) shall be deposited, and the Authority has allocated such Revenues solely to the <br />payment of the interest on and principal of and redemption premiums, if any, on the Bonds, and <br />the Authority will pay promptly when due the interest on and the principal of and redemption <br />premium, if any, on this Bonds and all other Bonds of this issue authorized by the Indenture out <br />of said special fund, all in accordance with the terms and provisions set forth in the Indenture. <br />Bonds maturing on or after September 1, _ shall be subject to redemption, at <br />the option of the Authority, on or after September 1, in whole or in part on any date (by lot <br />within any maturity) at the following redemption prices, plus accrued interest to the date fixed <br />for redemption: <br />Redemption Period <br />(dates inclusive) <br />September 1, through August 31, <br />September 1, through August 31, <br />September 1, and thereafter <br />Redemption Price <br />(percentage of principal amount) <br />As provided in the Indenture, notice of redemption of this Bond shall be given by <br />first class mail not less than 30 days nor more than 60 days before the redemption date to the <br />registered owner hereof. If notice of redemption has been duly given and money for the payment <br />of the redemption price is held by the Trustee, then on the redemption date designated in such <br />notice, this Bond shall become due and payable, and from and after the date so designated, <br />interest on this Bond shall cease to accrue and the registered owner of this Bond shall have no <br />rights with respect hereto except to receive payment of the redemption price hereof. <br />If an Event of Default (as defined in the Indenture) shall occur, the principal of all <br />outstanding Bonds may be declared immediately due and payable upon the conditions, in the <br />manner and with the effect provided in the Indenture; except that the Indenture provides that in <br />certain events such declaration and its consequences may be rescinded by the registered owners <br />of at least a majority in aggregate principal amount of the Bonds then outstanding. <br />This Bond is transferable only on the books required to be kept for that purpose at <br />the office of the Trustee by the registered owner hereof in person or by his duly authorized <br />attorney upon payment of the charges provided in the Indenture and upon surrender of this Bond <br />together with a written instrument of transfer in a form approved by the Trustee duly executed by <br />80A�_3118 <br />55394.00011 \8754149.4 <br />