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<br />Redemption Dates <br /> <br />Redemption <br />Prices <br /> <br />November 1, 2002 through October 31, 2003 <br />November 1, 2003 through October 31, 2004 <br />November 1, 2004 and thereafter <br /> <br />102% <br />101% <br />100% <br /> <br />In the case of bonds of a denomination larger than $5,000, a portion of such <br />bond ($5,000 or any integral multiple thereof) may be redeemed, in which case the Registrar <br />shall, without charge to the owner of such Bond, authenticate and issue a replacement bond <br />or bonds for the unredeemed portion thereof. Redemption shall be made upon not more <br />than 60 days' and not less than 30 days' prior mailed notice to a representative of the <br />original purchaser and each Registered Owner as shown on the registration books kept by <br />the Registrar in the manner and upon the conditions provided in the Bond Ordinance. <br />The bonds of the series of which this is one are fully registered (i.e., registered <br />as to payment of both principal and interest) in denominations of $5,000 and any integral <br />multiple thereof (provided that no bond may be in a denomination which exceeds the <br />principal coming due on any maturity date and no individual bond may be issued for more <br />than one maturity). *Upon surrender of any of such bonds at the Bond Registrar with a <br />written instrument satisfactory to the Registrar duly executed by the Registered Owner or his <br />duly authorized attorney, such bond may, at the option of the registered owner or his duly <br />authorized attorney, be exchanged for an equal aggregate principal amount of such bonds of <br />the same maturity of other authorized denominations, subject to such terms, conditions and <br />charges as set forth in the Bond Ordinance. * <br />**The bonds are not transferable or exchangeable, except as set forth in the <br />Bond Ordinance. ** <br />**Upon any partial prior redemption of this Bond, Cede & Co. in its discretion <br />may request the Registrar to authenticate a new bond or make an appropriate notation on <br />this bond indicating the date and amount of prepayment, except in the case of final maturity, <br />in which case this bond must be presented to the Registrar prior to final payment. * * <br />*This bond is fully transferable by the Registered Owner hereof in person or <br />by his duly authorized attorney on the registration books kept by the Registrar upon <br /> <br />-13- <br />