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The Bonds of the issue of which this Bond is one maturing <br />on and after November 1, 1996 (or portions thereof in <br />installments of $5,000) are subject to redemption at the <br />option of the City p~ior to their stated maturities on or <br />after November 1, 1995, in whole at any time, or in part from <br />time to time on any interest payment date in any order <br />determined by the City (except that if at any time less than <br />all of the Bonds of a given maturity are called for <br />redemption, the particular Bonds of such maturity or portions <br />thereof in installments of $5,000 to be redeemed shall be <br />selected by lot), upon payment of the principal amount of the <br />Bonds (or portions thereof in installments of $5,000) to be <br />redeemed, together with the interest accrued thereon to the <br />date fixed for redemption, plus a premium of one-quarter of <br />one percent (1/4 of 1%) of the principal amount of each Bond <br />(or portion of the principal amount thereof in installments of <br />$5,000) to be redeemed fo~ each twelve (12) month period or <br />fraction thereof between the date fixed for redemption and the <br />stated maturity of such Bond. <br /> <br /> If this Bond is redeemable and this Bond (or any portion <br />of the principal amount hereof in installments of $5,000) <br />shall be called for redemption, notice of the redemption <br />hereof, specifying the date, number and maturity of this Bond, <br />the date and place or places fixed for its redemption, the <br />premium, if any, payable upon such redemption, and if less <br />than the entire principal amount of this Bond is to be <br />redeemed, that this Bond must be surrendered in exchange for <br />the principal ~mounE hereof to be redeemed and a new Bond or <br />Bonds issued equalling in Drincipal amount that portion of the <br />principal amount hereof not to be redeemed, shall be mailed <br />not less than thirty (30) days prior to the date fixed for <br />redemption by first class mail to the Registered Holder hereof <br />at his address as it appears on the books of registry kept by <br />the Registrar as of the close of business on the forty-fifth <br />(45th) day preceding the date fixed for redemption. If notice <br />of the redemption of this Bond shall have been given as <br />aforesaid, and payment of the principal amount of this Bond <br />(or the portion of the principal amount hereof to be redeemed) <br />and of the accrued interest and premium, if any, payable upon <br />such redemption shall have been duly made or provided for, <br />interest hereon shall cease to accrue from and after the date <br />so specified for the ~edemption hereof. <br /> <br /> Subject to the limitations and upon payment of the <br />charges, if any, provided in the proceedings authorizing the <br />Bonds of the issue of which this Bond is one, this Bond may be <br />exchanged at the principal office of the Registrar for a like <br />aggregate principal amount of Bonds of othe~ authorized <br />principal amounts and of the same issue, interest rate and <br />maturity. This Bond is transferable by the Registered Holder <br />hereof, in person or by his attorney duly authorized in <br />writing, on the books of registry kept by the Registra~ for <br /> <br /> <br />