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<br /> class postage prepaid, to the address of each Holder of a <br /> Bond appearing on the books of the Paying Agent/Registrar at the <br /> close of business on the last business day preceding the date of <br /> mailing such notice. All payments of principal of, premium, if <br /> anr, and interest on this Bond shall be in lawful money of the <br /> Un1ted states of America and shall be made by the Paying <br /> Agent/Registrar b¥ check sent on or prior to the appropriate date <br /> of payment, by Un1ted states mail, first class postage prepaid, to <br /> the registered owner hereof on the applicable dates specified, at <br /> the address appearing on the Registration Books, or by such other <br /> method acceptable to the Paying Agent/Registrar requested by the <br /> registered owner at the Holder's risk and expense. If a date for <br /> the payment of the principal of or interest on this Bond is a <br /> Saturday, Sunday, legal holiday, or a day on which banking <br /> insti tutions in the city in which the Paying Agent/Registrar is <br /> located are authorized by law or executive order to close, then <br /> the date for such payment shall be the next succeeding day which <br /> is not a Saturday, Sunday, legal holiday, or day on which such <br /> banking institutions are authorized to close; and payment on such <br /> date shall have the same force and effect as 1f made on the <br /> original date payment was due. <br /> THE BONDS maturing on and after August 1, 1996, may be <br /> redeemed prior to their Stated Maturities, at the option of the <br /> City, on August 1, 1995, or on any interest payment date <br /> thereafter, in whole or in part, in principal amounts of $5,000 or <br /> any integral multiple thereof (and 1f within a Stated Maturity at <br /> random and by lot by the Paying Agent/Registrar) at the redemption <br /> price of the principal amount thereof plus accrued interest to the <br /> date of redemption, and upon 30 days prior written notice being <br /> given at the direction of the City, and subject to the terms and <br /> provisions relating thereto contained in the Ordinance. If this <br /> Bond be of a denomination in excess of $5,000, portions of the <br /> principal sum hereof in installments of $5,000 or any integral <br /> multiJ¡>le thereof may be redeemed, and, if less than all of the <br /> princ1pal sum hereof is to be redeemed, upon the surrender of this <br /> Bond to the Paying Agent/Registrar at its principal corporate <br /> office there shall be issued to the registered owner hereof, <br /> wi thout charge therefor, for the then unredeemed balance of the <br /> J¡>rincipal sum hereof, a new Bond or Bonds of like maturity and <br /> 1nterest rate in any authorized denominations provided by the <br /> Ordinance. If this Bond (or any portion of the principal sum <br /> hereof) shall have been duly called for redemption and notice of <br /> such redemption duly given, then upon such redemption date this <br /> Bond (or the portion of the principal sum hereof to be redeemed) <br /> shall become due and payable, and, if moneys for the ~ayment of <br /> the redemption price are held by the Paying Agent/Reg1strar for <br /> the purpose of such payment, interest shall cease to accrue from <br /> and after the redemption date on the principal amount hereof so <br /> redeemed. <br /> THIS BOND is one of the series designated in its title, <br /> issued in the aggregate principal amount $3,020,000 for the <br /> purposes as follows: $2,050,000 for the purpose of constructing <br /> -9- <br />