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<br />corporation, in Denver, Colorado, or its successor, as Paying <br />Agen t . <br /> Payment of each installment of interest shall be ma de to <br />the registered owner hereof whose name shall appear on the <br />reg i stra tion books of the C i t Y ma in t a in ed by or on behalf of the <br />City by Central Bank of Denver, a ba nki ng corporation, in Denver, <br />Colorado, or its successor, as Bond Registrar, at the close of <br />business on the fifteenth (l5t h) day of the calendar month next <br />preceding each interest payment date (the "Record Date"), and <br />shall be pa id by check or draft of the Paying Agent mailed to such <br />registered owner at his address as it appears on such registration <br />books. <br /> Bonds of this issue ma tur ing on and after December 1 , <br />1997, are subject to redemption prior to ma t ur i t Y , at the option <br />of the City, as a whole or in integral multiples of $5,000, in <br />inverse order of mat uri ty, and if less than an entire maturity is <br />to be redeemed, then by lot within such maturity, on December 1 , <br />1996, and on any interest payment date thereafter, upon payment of <br />par, accrued interest, and a premium of 1.00% of the principal <br />amount so redeemed. <br /> REFERENCE IS HEREBY MADE TO FURTHER PROVISIONS Of THIS <br />BOND SET FO RT H ON THE REVERS E HEREOF, WH I CH FURTHER PROVISIONS <br />SHALL FO R AL L PURPOSES HAVE THE SAME EFFECT AS IF FULLY SET FORTH <br />IN THIS PLACE. <br /> This Bond shall not be valid or become obligatory for <br />any purpose or be entitled to any se cur i ty or benefit under the <br />authorizing Bond Ordinance un t i I the certificate of authentication <br />hereon shall have been signed by the Bond Registrar. <br /> IN TESTIMONY WHEREOF, the City Counc il of the Ci ty of <br />Louisville, Colorado, has caused this Bond to be signed by the <br />facsimile s ig na tur e of the Mayor of the City, sealed with a <br />fa cs imile of the seal of the Ci ty, attested by the facs imile <br /> - l6 - <br />