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• interest accrued thereon to the date fixed for redemption, plus a <br />premium of one-quarter (1/4) of one percent (1%) of the principal <br />amount of each Bond to be redeemed for each twelve (12)month <br />period or fraction thereof from and excluding the date fixed for <br />redemption to and including the stated maturity date of such Bond. <br />If this Bond is redeemable and this Bond (or any portion <br />of the principal amount hereof in installments of $5,000) shall be <br />called for redemption, notice of the redemption hereof, specifying <br />the date, number and maturity of this Bond, the date and place or <br />places fixed for its redemption, the premium, if any, payable upon <br />such redemption, and if less than the entire principal amount of <br />this Bond is to be redeemed, that this Bond must be surrendered in <br />exchange for the principal amount hereof not to be redeemed, shall <br />be mailed not less than thirty (30) days prior to the date fixed <br />for redemption, by first class mail, postage prepaid, to the <br />Registered Owner hereof at his address as it appears on the books <br />of registry kept by the Registrar as of the close of business on <br />the forty-fifth (45th) day next preceding the date fixed for <br />redemption. If notice of the redemption of this Bond shall have <br />been given as aforesaid, and payment of the principal amount of <br />this Bond (or of the portion of the principal amount hereof to be <br />redeemed) and of the accrued interest and premium, if any, payable <br />upon such redemption shall have been duly made or provided for, <br />interest hereon shall cease to accrue from and after the date so <br />specified for the redemption hereof. <br />Subject to the limitations and upon payment of the <br />charges, if any, provided in the proceedings authorizing the Bonds <br />of the issue of which this Bond is one, this Bond may be exchanged <br />at the principal corporate trust office of the Registrar for a like <br />aggregate principal amount of Bonds of other authorized principal <br />sums and of the same issue, interest rate and maturity. This.Bond <br />is transferable by the Registered Owner hereof or by his attorney <br />duly authorized in writing, on the books of registry kept by the <br />Registrar for such purpose at the principal corporate trust office <br />of the Registrar but only in the manner, subject to the limitations <br />and upon payment of the charges, if any, provided in the <br />proceedings authorizing the Bonds of the issue of which this Bond <br />is one, and upon the surrender hereof for cancellation. Upon such <br />transfer a new Bond or Bonds of authorized denominations and of the <br />same aggregate principal amount, issue, interest rate and maturity <br />as the Bond surrendered, will be issued to the transferee in <br />exchange herefor. <br />The full faith and credit of the City are irrevocably <br />pledged to the punctual payment of the principal of and interest on <br />this Bond as the same become due. <br />This Bond shall not be valid or obligatory unless the <br />certificate of authentication hereon shall have been manually <br />signed by an authorized officer of the Registrar. <br />