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<br />presentation at the operations office of Colorado National Bank at First Trust National <br />Association in St. Paul, Minnesota, or its successor, as Paying Agent. <br />Payment of each installment of interest shall be made to the registered owner hereof <br />whose name shall appear on the registration books of the City maintained by or on behalf <br />of the City by Colorado National Bank, in Denver, Colorado, or its successor, as Bond <br />Registrar, at the close of business on the fifteenth (15th) day of the calendar month next <br />preceding each interest payment date (the "Record Date"), and shall be paid by check or <br />draft of the Paying Agent mailed on or before the interest payment date to such registered <br />owner at his address as it appears on su~h registration books. <br />If the date for making any payment or performing any action shall be a legal holiday <br />or a day on which the principal office of the Paying Agent or Bond Registrar is authorized <br />or required by law to remain closed, such payment may be made or act performed on the <br />next succeeding day which is not a legal holiday or a day on which the principal office of the <br />Paying Agent or Bond Registrar is authorized or required by law to remain closed. <br />REFERENCE IS HEREBY MADE TO FURTHER PROVISIONS OF THIS BOND <br />SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL <br />FOR ALL PURPOSES HA VB THE SAME EFFECT AS IF FULLY SET FORTH IN THIS <br />PLACE. <br />This Bond shall not be valid or become obligatory for any purpose or be entitled to <br />any security or benefit under the authorizing Bond Ordinance until the certificate of <br />authentication hereon shall have been signed by the Bond Registrar. <br /> <br />-16- <br />