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principal of and premium, if any, on this Bond in accordance with its terms. The Council of the City is authorized to and shall levy. and collect annually, at the same time and in the same manner as other taxes of the City are assessed, levied and collected, a tax upon all taxable property within the City, over and above all other taxes authorized or limited by law, and without limitation as to rate or amount, sufficient to pay when due the principal of and premium, if any, on the Bonds to the extent other funds of the City are not lawfully available and appropriated for such purpose. All references to the payment of this Bond and the security therefor shall be deemed to include all of the City's payment obligations under the Funding Agreement dated as of the dated date hereof (the "Funding Agreement"), between ___________________, and the City]. This Bond is subject to optional and mandatory redemption as provided in [the Funding Agreement.] The Bonds are issuable as fully registered bonds in denominations of $5,000 and integral multiples thereof (except for one denomination which may be less than $5,000). Any Bond may be exchanged for a like aggregate principal amount of Bonds of the same maturity of other authorized denominations at the principal office of the Bond Registrar. Upon surrender for transfer or exchange of this Bond at the principal office of the Bond Registrar, the City shall execute and the Bond Registrar shall authenticate and deliver in the name of the registered owner and/or the transferee or transferees, as appropriate, a new Bond or Bonds of any authorized denomination in an aggregate principal amount equal to, and of the same form and maturity and bearing interest at the same rate, as this Bond, subject in each case to such reasonable regulations as the Council and the Bond Registrar may prescribe. All Bonds presented for transfer or exchange shall be accompanied by a written instrument or instrunents of transfer or authorization for exchange, in form and substance reasonably satisfactory to the Bond Registrar, duly executed by the registered owner or by his or her duly authorized attorney-in-fact or legal representative. No Bond may be registered to bearer. Any such exchange or transfer shall be at the expense of the City, except that the Bond Registrar may require payment by the person requesting such exchange or transfer of a sum sufficient to cover any tax or other governmeraal charge which may be imposed with respect to the exchange or transfer of this Bond. The City may designate a successor Bond Registrar and/or Paying Agent, provided that written notice specifying the nmne and location of the principal office of any such successor shall be given to the registered owner of each of the Bonds. Upon registration of transfer of this Bond, the Bond Registrar shall furnish written notice to the transferee of the name and location of the principal office of the Bond Registrar and/or the Paying Agent. The Bond Registrar shall treat the registered owner as the person exclusively entitled to payment of the principal of this Bond and the exercise of all other rights and powers of the owner. Notwithstanding anything contained in the foregoing, if _____________, 20__, is not a business day, then the maturity date of this Bond shall be the next preceding business day.