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- 12- If this Bond is redeemable and this Bond (or any la)trion of the principal mount hereof in installments of $5,000) shall be called for redemption, notice of the redemption hereof, specifying the date, number and maturity of this Bond, the date and place or places fixed for its redemption, the premium, if any, payable upon such redemption, and if less than the entire principal amount of this Bond is to be redeemed, that this Bond must be surrendered in exchange for the principal amount hereof to be redeemed and a new Bond or Bonds issued equalling in principal amount that portion of the principal amount hereof not to be redeemed, shall be mailed not less than thirty (30) days prior to the date fixed for redemption by first class mail, postage prepaid, to the Registered Owner hereof at his address as it appears on the books q~f registry kept by the Registrar as of the close of business on the forty-fifth (45th) day next prig the date fixed for redemption. If notice of the redemption of this Bond shall have been given as aforesaid, and payment of the principal amount of this Bond (or the portion of the principal amount hereof to be redeemed) and of the accrued interest and premium, if any, payable upon such redemption shall have been duly made or provided for, interest hereon shall cease to accrue from and after the date so specified for the redemption hereof. Subject to the limitations and upon payment of the charge~, if any, provided in the proceedings authorizing the Bonds of the issue of which this Bond is one, this Bond may be exchanged at the principal office of the Registrar for a like aggregate principal amount of Bonds of other authorized principal amounts and of the same issue, interest rate and maturity. This Bond is transferable by the Registered Owner hereof, in person or by his attorney duly authorized in writing, on the books of registry kept by the Registrar for such purpose at the principal office of the Registrar but only in the manner, subject to the limitations and upon payment of the charges, if any, provided in the proceedings authorizing the Bonds of the issue of which this Bond is one, and upon the surrender hereof for cancellation. Upon such transfer a new Bond or Bonds of authorized denominations and of the same aggregate principal amount, interest rate and maturity as the Bond surrendered, will be issued to the transferee in exchange berefor. This Bond shall not be valid or obligatory unless the ceItificate of authentication hereon shall have been mannally signed by or on behalf of the Registrar. The full faith and credit of the City are hereby irrevocably pledged for the payment of the principal of and interest on this Bond as the same become due. The principal hereof and interest hereon shall be payable from ad valorem taxes, without limitation of rate or amount, upon all prope~y within the City subject to taxation by the City, ff and to the extent the revenues of the aforesaid water and sewerage system are insufficient for that purpose. It is hereby certified, recited and declared that all acts, conditions and things requixed to exist, happen or be performed precedent to and in the issuance of this Bond do exist, have happened and have been performed in due time, form and manner as required by law, and that the amount of this Bond, together with ali other indebtedness of the City, does not exceed