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for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday, or
<br />day on which such banking institutions are authorized to close; and payment on such date shall have
<br />the same force and effect as if made on the original date payment was due.
<br />This Bond is one of a series of fully registered bonds specified in the title hereof issued in the
<br />aggregate principal amount of $4,790,000 (herein referred to as the "Bonds"), issued pursuant to a
<br />certain Ordinance of the City Council of the City (the "Ordinance")for the purpose of (i) constructing
<br />and equipping a new Central Fire Station, in accordance with Proposition No. 3 of the November 8,
<br />2005 Bond Election, including acquisition of land, (ii) constructing and improving streets and related
<br />pedestrian facilities, in accordance with Proposition No. 4 of the November 8, 2005 Bond Election,
<br />including Sessom Drive reconstruction and Thorpe & Hopkins street improvements, (iii) constructing
<br />and improving streets and related pedestrian facilities, in accordance with Proposition No. 5 of the
<br />November 8, 2005 Bond Election, including Victory Gardens street improvements, (iv) constructing
<br />and improving pedestrian and bicycle ways and facilities, in accordance with Proposition No. 6 of the
<br />November 8, 2005 Bond Election, including sidewalks, pedestrian crossways and trails, (v)
<br />purchasing and improving greenspace land, in accordance with Proposition No. 1 of the November
<br />8, 2005 Bond Election, including acquiring the Spring Lake Preserve and (vi) for the purpose of
<br />paying the costs of issuing the Bonds.
<br />The Bonds and the interest thereon are payable from the levy of a direct and continuing ad
<br />valorem tax, within the limits prescribed by law, against all taxable property in the City.
<br />The City has reserved the option to redeem the Bonds maturing on and after August 15, 2018,
<br />before their respective scheduled maturity in whole or from time to time in part in integral multiples
<br />of $5,000 on August 15, 2017, or on any date thereafter, at a price equal to the principal amount of
<br />the Bonds so called for redemption plus accrued interest to the redemption date. If less than all of
<br />the Bonds are to be redeemed, the City shall determine the amounts thereof to be redeemed and shall
<br />direct the Paying Agent/Registrar to call by lot Bonds, or portions thereof within such maturity or
<br />maturities and in such amounts, for redemption.
<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 Bonds to be redeemed in whole or in part. Notice having been so given, the Bonds or
<br />portions thereof designated for redemption shall become due and payable on the redemption date
<br />specified in such notice, and from and after such date, notwithstanding that any of the Bonds or
<br />portions thereof so called for redemption shall not have been surrendered for payment, interest on
<br />such Bonds or portions thereof shall cease to accrue.
<br />As provided in the Ordinance, and subject to certain limitations therein set forth, this Bond
<br />is transferable upon surrender of this Bond for transfer at the Designated Payment/Transfer Office,
<br />with such endorsement or other evidence of transfer as is acceptable to the Paying Agent/Registrar,
<br />and, thereupon, one or more new fully registered Bonds of the same stated maturity, of authorized
<br />denominations, bearing the same rate of interest, and for the same aggregate principal amount will
<br />be issued to the designated transferee or transferees.
<br />San Mazcos GO 2008: Ordinance 20
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