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This Bond is transferable by the registered owner hereof, in person or by the owner's
<br />attorney duly authorized in writing, at the office of the Fiscal Agent, subject to the terms and
<br />conditions provided in the Fiscal Agent Agreement, including the payment of certain charges, if
<br />any, upon surrender and cancellation of this Bond. Upon such transfer, a new registered Bond or
<br />Bonds, of any authorized denomination or denominations, of the same maturity, for the same
<br />aggregate principal amount, will be issued to the transferee in exchange for this Bond.
<br />Bonds shall be registered only in the name of an individual (including joint owners), a
<br />corporation, a partnership or a trust.
<br />The Fiscal Agent shall not be required to make any exchange or registration of transfer of
<br />Bonds during the fifteen (15) days preceding the date established by the Fiscal Agent for the
<br />selection of Bonds for redemption, or with respect to any Bonds which have been selected for
<br />redemption.
<br />The Fiscal Agent may treat the owner hereof" as the absolute owner for all purposes, and
<br />the Fiscal Agent shall not be affected by any notice to the contrary.
<br />The Bonds maturing on and after September 2, 20 are subject to redemption prior to
<br />their stated maturity dates on September 2, 20 or on any Interest Payment Date thereafter, on a
<br />pro rata basis among maturities (and by lot within any one maturity), in integral multiples of
<br />$5,000, at the option of the City from moneys derived by the City from any source, at the
<br />following redemption prices (expressed as percentages of the principal amount of the Bonds to
<br />be redeemed), together with accrued interest to the date of redemption:
<br />Redemption Dates Redemption Price
<br />September 2, 20_
<br />and March 2, 20
<br />10%
<br />September 2, 20_
<br />and March 2, 20_
<br />10%
<br />September 2, 20
<br />and thereafter
<br />10%
<br />The Bonds are also subject to mandatory redemption on any Interest Payment Date, as
<br />selected by the City, in integral multiples of $5,000, from moneys derived by the City from
<br />Assessment Prepayments (as defined in the Fiscal Agent Agreement), at the following
<br />redemption prices (expressed as percentages of the principal amount of the Bonds to be
<br />redeemed), together with accrued interest to the date of redemption:
<br />Redemption Dates Redemption Price
<br />September 2, 20_
<br />through March 2, 20�
<br />10%
<br />September 2, 20
<br />and March 2, 20
<br />10%
<br />September 2, 20_
<br />and March 2, 20_
<br />10%
<br />September 2, 20_
<br />and thereafter
<br />t0%
<br />The Bonds maturing on September 2, 20_, are subject to mandatory sinking fund
<br />redemption, in part, on September 2, 20 , and on each September 2 thereafter prior to maturity,
<br />by lot, at a redemption price equal to the principal amount thereof to be redeemed, together with
<br />A -3
<br />55B -61
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