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Bonds Maturing September 1, 2035 Principal Year Amount 2033 $1,345,000 2034 1,395,000 2035 (maturity) 1,455,000 Bonds Maturing September 1, 2037 Principal Year Amount 2036 $1,510,000 2037 (maturity) 1,570,000 In case any outstanding bond is in a denomination greater than $5,000, each $5,000 of face value of such bond shall be treated as a separate bond of the denomination of $5,000. The City has covenanted in the Authorizing Ordinance that Surplus Bond Tax Receipts, being collections of the Bond Tax in excess of the amount necessary to (a) insure the prompt payment of the principal of, interest on and Trustee's fees and expenses and other administrative charges in connection with the bonds as the same become due, (b) maintain the ( debt service reserve in the required amount and (c) pay any arbitrage rebate payments due under ♦,r Section 148(f) of the Internal Revenue Code of 1986, as amended, must be used from time to time on each interest payment date as and to the extent available to redeem outstanding bonds prior to maturity. The debt service reserve shall be used as part of the Surplus Bond Tax Receipts for the purpose of making the final principal and interest payment on the bonds, whether at maturity or at redemption prior to maturity. Notice of redemption identifying the bonds or portions thereof (which shall be $5,000 or a multiple thereof) to be redeemed and the date they shall be presented for payment shall be given by the Trustee, not less than 30 nor more than 60 days prior to the date fixed for redemption, by sending a copy of the redemption notice by first class mail, postage prepaid, or other acceptable standard means of delivery, including facsimile or electronic communication, to all registered owners of bonds to be redeemed. Failure to send an appropriate notice or any such notice to one or more registered owners of bonds to be redeemed shall not affect the validity of the proceedings for redemption of other bonds as to which notice of redemption is duly given in proper and timely fashion. All such bonds or portions thereof thus called for redemption and for the retirement of which funds are duly provided in accordance with the Authorizing Ordinance prior to the date fixed for redemption will cease to bear interest on such redemption date. This bond is transferable by the Registered Owner shown above in person or by his attorney-in-fact duly authorized in writing at the principal corporate trust office of the Trustee, but only in the manner, subject to the limitations and upon payment of the charges provided in the Authorizing Ordinance, and upon surrender and cancellation of this bond. Upon 9