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Term Certificates Maturing <br /> August 15, 20_ <br /> Redemption Date Principal Amount <br /> August 15, 20_ $ <br /> Augus5 15, 20 * <br /> *Final Maturity <br /> The principal amount of the Term Certificates required to be redeemed pursuant to the <br /> operation of the mandatory sinking fund redemption provisions shall be reduced,at the option of the <br /> City by the principal amount of any Term Certificates of the stated maturity which, at least 50 days <br /> prior to a mandatory redemption date, (1) shall have been acquired by the City, at a price not <br /> exceeding the principal amount of such Term Certificates plus accrued interest to the date of <br /> purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, (2) shall have been <br /> purchased and canceled by the Paying Agent/Registrar at the request of the City with monies in the <br /> Interest and Sinking Fund at a price not exceeding the principal amount of the Term Certificates plus <br /> accrued interest to the date of purchase thereof, or (3) shall have been redeemed pursuant to the <br /> optional redemption provisions and not theretofore credited against a mandatory sinking fund <br /> redemption requirement.] <br /> Notice of such redemption or redemptions shall be sent by United States mail, first class <br /> postage prepaid,not less than 30 days before the date fixed for redemption,to the registered owner <br /> of each of the Certificates to be redeemed in whole or in part. Notice having been so given, the <br /> Certificates or portions thereof designated for redemption shall become due and payable on the <br /> redemption date specified in such notice, and from and after such date,notwithstanding that any of <br /> the Certificates or portions thereof so called for redemption shall not have been surrendered for <br /> payment, interest on such Certificates or portions thereof shall cease to accrue. Conditional notice <br /> of redemption may also be given as provided in the Ordinance. <br /> With respect to any optional redemption of the Certificates, unless certain prerequisites to <br /> such redemption required by the Ordinance have been met and moneys sufficient to pay the principal <br /> of and premium, if any, and interest on the Certificates to be redeemed shall have been received by <br /> the Paying Agent/Registrar prior to the giving of such notice of redemption, such notice shall state <br /> that said redemption may, at the option of the City, be conditional upon the satisfaction of such <br /> prerequisites and receipt of such moneys by the Paying Agent/Registrar on or prior to the date fixed <br /> for such redemption,or upon any prerequisite set forth in such notice of redemption. If a conditional <br /> notice of redemption is given and such prerequisites to the redemption and sufficient moneys are not <br /> received, such notice shall be of no force and effect,the City shall not redeem such Certificates and <br /> the Paying Agent/Registrar shall give notice,in the manner in which the notice of redemption was <br /> given, to the effect that the Certificates have not been redeemed. <br /> As provided in the Ordinance, and subject to certain limitations therein set forth, this <br /> Certificate is transferable upon surrender of this Certificate for transfer at the Designated <br /> Payment/Transfer Office,with such endorsement or other evidence of transfer as is acceptable to the <br /> San Marcos CIRCO 2017:Ordinance 22 <br />