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notice being given by United States mail, first-class postage prepaid, to Holders of the Bonds to <br /> be redeemed, and subject to the terms and provisions relating thereto contained in the Resolution. <br /> If this Bond is subject to redemption prior to Stated Maturity and in an Authorized Denomination <br /> thereof may be redeemed, and, if less than all of the principal sum hereof is to be redeemed, there <br /> shall be issued, without charge therefor, to the Holder hereof, upon the surrender of this Bond to <br /> the Paying Agent/Registrar at its corporate trust office, a new Bond or Bonds of like Stated <br /> Maturity and interest rate in any authorized denominations provided in the Resolution for the then <br /> unredeemed balance of the principal sum hereof. <br /> If this Bond (or any portion of the principal sum hereof) shall have been duly called for <br /> redemption and notice of such redemption duly given, then upon such redemption date this Bond <br /> (or the portion of the principal sum hereof to be redeemed) shall become due and payable, and, if <br /> money for the payment of the redemption price and the interest accrued on the principal amount <br /> to be redeemed to the date of redemption is held for the purpose of such payment by the Paying <br /> Agent/Registrar,interest shall cease to accrue and be payable hereon from and after the redemption <br /> date on the principal amount hereof to be redeemed. If this Bond is called for redemption,in whole <br /> or in part, the Authority or the Paying Agent/Registrar shall not be required to issue, transfer, or <br /> exchange this Bond within forty-five (45) days of the date fixed for redemption; provided, <br /> however, such limitation of transfer shall not be applicable to an exchange by the Holder of the <br /> unredeemed balance hereof in the event of its redemption in part. <br /> ARWA\2017C: ResApprovingResSanMarcos B-1 <br />