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Council of the City duly adopted and taken under such Chapter 5.1 and such Charter and Code. This Note is issued in anticipanlon of the issuance of a like principal amounn of general obligation public improvement bonds authorized to be issued by resolutions adopted by the Council of the City on November !0, 1992 and November 9, 1993, and receipn of the proceeds of sale of such bonds. This Note zs subject to redemption an the option of the City prior to its stated maturity on or after March 25, 1995, in whole at any time, an a redemption price equal to 100% of the principal amount of nhis Note. Upon any such redemption of this Note there shall be deducted from the redemption price payable to the Registered Owner hereof an amounn equal to the interest on this Note accruing during the period from the dane of redemption of this Note to its stated maturity. If this Note shall be called for redemption, notice of the redemption hereof, specifying the date, number and maturity of this Note, the date and place or places fixed for its redemption, shall be mailed non less than thirty (30) days prior to the date fixed for redemption by first class mail, postage prepaid, mo the Registered Owner of this Note at its address as it appears on the books of registry kept by the Direcmor of Finance of the City. If notice of the redemption of this Note shall have been given as aforesaid, and paymenn of the redemption price of this Note payable upon such redemption shall have been duly made or provided for, interest on this Note shall cease to accrue from and after the date so specified for the redemption hereof. The full faith and credit of the City are hereby !rrevocably pledged no the punctual payment of the principal of and interest on this Note as the same respectively become due and payable. In each year while this Note is outstanding and unpaid, there shall be assessed, levied and collected, an the same time and · n the same manner as onher taxes in the City are assessed, levied and collected, an ad valorem tax upon all property subject no taxation by the City, without limitation as to fane or amount, sufficient to provide for the payment of the principal of and interest on this Nome as £he same respectively become due and payable to the extent such principal and interest shall not be paid from the proceeds of sale of the general obligation public mmprovement bonds of the City in anticipation of which this Note is issued. It is hereby certified, recited and declared that all acts, conditions and things requzred to have happened, mo exist and to be performed precedent to and in the issuance of this Note and the issue of which it is a part have happened, do exist and have been performed in due time, form and manner as required by law, and that the amount of this Note, together with all other indebtedness of the City, does