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<br /> The Bonds will be redeemed only in integral multiples of <br />$5,000. In the event a Bond is of a denomination larger than <br />$5,000, a portion of such Bond may be redeemed, but only in the <br />principal amount of $5,000 or any integral multiple thereof. Such <br />Bond will be treated for the purposes of redemption as that number <br />of Bonds which results from dividing the principal amount of such <br />Bond by $5,000. <br /> Notice of prior redemption shall be given by mailing a <br />copy of the redemption notice, not less than thirty ( 30) days <br />prior to the date fixed for redemption, to the registered owner of <br />this Bond at the address shown on the registration books <br />maintained by the Bond Registrar, in the manner set forth in the <br />authorizing Bond Ordinance. All Bonds called for redemption will <br />cease to bear interest after the specified redemption date, <br />provided funds for their redemption are on deposit at the place of <br />payment at that time. <br /> The City and the Bond Registrar shall not be required to' <br />issue or transfer any Bonds: ( 1 ) during a period beginning on the <br />Record Date and ending at the close of business on the ensuing <br />interest payment date, or ( 2 ) during the period beginning on any <br />date of selection of Bonds to be redeemed and ending on the day on <br />which the applicable notice of redemption is given. The Bond <br />Registrar shall not be required to transfer any Bonds selected or <br />called for redemption, in whole or in part. The City, the Paying <br />Agent, and the Bond Registrar may deem and treat the registered <br />owner of any Bond as the absolute owner thereof for all purposes <br />(whether or not such Bond shall be overdue) and any notice to the <br />contrary shall not be binding upon the City, the Paying Agent, or <br />the Bond Registrar. <br /> This Bond is transferable by the registered owner hereof <br />in person or by his attorney duly authorized in writing, at the <br />principal office of the Bond Registrar, but only in the manner, <br />subject to the limitations, and upon payment of the charges <br />provided in the authorizing Bond Ordinance and upon surrender and <br />cancellation of this Bond. This Bond may be transferred upon the <br />registration books upon delivery to the Bond Registrar of this <br /> - 19 - <br />