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purchase thereof,or(3)shall have been redeemed pursuant to the optional redemption provisions and
<br /> not theretofore credited against a mandatory sinking fund redemption requirement.]"
<br /> NO LESS THAN 30 days prior to the date fixed for any such redemption, the City shall
<br /> cause the Paying Agent/Registrar to send notice by United States mail,first-class postage prepaid to
<br /> the Registered Owner of each Bond to be redeemed at its address as it appeared on the Registration
<br /> Books of the Paying Agent/Registrar at the close of business on the 45th day prior to the redemption
<br /> date and to major securities depositories, national bond rating agencies and bond information
<br /> services; provided, however, that the failure to send, mail or receive such notice, or any defect
<br /> therein or in the sending or mailing thereof, shall not affect the validity or effectiveness of the
<br /> proceedings for the redemption of any Bonds. By the date fixed for any such redemption due
<br /> provision shall be made with the Paying Agent/Registrar for the payment of the required redemption
<br /> price for the Bonds or portions thereof which are to be so redeemed. If due provision for such
<br /> payment is made,all as provided above,the Bonds or portions thereof which are to be so redeemed
<br /> thereby automatically shall be treated as redeemed prior to their scheduled maturities,and they shall
<br /> not bear interest after the date fixed for redemption, and they shall not be regarded as being
<br /> outstanding except for the right of the Registered Owner to receive the redemption price from the
<br /> Paying Agent/Registrar out of the funds provided for such payment. If a portion of any Bonds shall
<br /> be redeemed a substitute Bonds or Bonds having the same maturity date,bearing interest at the same
<br /> rate,in any denomination or denominations in any integral multiple of$5,000,at the written request
<br /> of the Registered Owner,and in aggregate principal amount equal to the unredeemed portion thereof,
<br /> will be issued to the Registered Owner upon the surrender thereof for cancellation,at the expense of
<br /> the City, all as provided in the Bond Ordinance.
<br /> WITH RESPECT TO any optional redemption of the Bonds,unless certain prerequisites to
<br /> such redemption required by the Bond Ordinance have been met and moneys sufficient to pay the
<br /> principal of and premium,if any,and interest on the Bonds to be redeemed shall have been received
<br /> by 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 Bonds and the
<br /> Paying Agent/Registrar shall give notice,in the manner in which the notice of redemption was given,
<br /> to the effect that the Bonds have not been redeemed.
<br /> ALL BONDS OF THIS SERIES are issuable solely as fully registered Bonds, without
<br /> interest coupons, in the denomination of any integral multiple of$5,000. As provided in the Bond
<br /> Ordinance, this Bond, or any unredeemed portion hereof, may, at the request of the Registered
<br /> Owner or the assignee or assignees hereof, be assigned,transferred, converted into and exchanged
<br /> for a like aggregate principal amount of fully registered Bonds,without interest coupons,payable to
<br /> the appropriate Registered Owner, assignee or assignees, as the case may be, having the same
<br /> denomination or denominations in any integral multiple of$5,000 as requested in writing by the
<br /> "Use of ferns Bonds,if any,to be determined by the Pricing Officer.
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