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maintain the debt service reserve in the required amount and (d) pay any amounts due with respect <br />to the municipal bond insurance policy issued in connection with the bonds, must be used from <br />time to time on each interest payment date, but in any event not less often than annually, as and to <br />the extent available to redeem outstanding bonds prior to maturity. The debt service reserve shall <br />be used as part of the Surplus Bond Tax Receipts for the purpose of making the final principal and <br />interest payment on the bonds, whether at maturity or at redemption prior to maturity. Surplus <br />Bond Tax Receipts shall be used to redeem the Series 2024A Bonds in full before any Series <br />2024B Bonds are redeemed from Surplus Bond Tax Receipts. <br />Notice of redemption identifying the bonds or portions thereof (which shall be <br />$5,000 or a multiple thereof) to be redeemed and the date they shall be presented for payment shall <br />be given by the Trustee, not less than 30 nor more than 60 days prior to the date fixed for <br />redemption, by sending a copy of the redemption notice by first class mail, postage prepaid, or <br />other acceptable standard means of delivery, including facsimile or electronic communication, to <br />all registered owners of bonds to be redeemed. Failure to send an appropriate notice or any such <br />notice to one or more registered owners of bonds to be redeemed shall not affect the validity of the <br />proceedings for redemption of other bonds as to which notice of redemption is duly given in proper <br />and timely fashion. All such bonds or portions thereof thus called for redemption and for the <br />retirement of which funds are duly provided in accordance with the Authorizing Ordinance prior <br />to the date fixed for redemption will cease to bear interest on such redemption date. <br />This bond is transferable by the Registered Owner shown above in person or by his <br />attorney -in -fact duly authorized in writing at the principal corporate trust office of the Trustee, but <br />only in the manner, subject to the limitations and upon payment of the charges provided in the <br />Authorizing Ordinance, and upon surrender and cancellation of this bond. Upon such transfer a <br />new fully registered bond or bonds of the same maturity and series, of authorized denomination or <br />denominations, for the same aggregate principal amount, will be issued to the transferee in <br />exchange therefor. This bond is issued with the intent that the laws of the State shall govern its <br />construction. <br />The City and the Trustee may deem and treat the Registered Owner shown above <br />as the absolute owner hereof for the purpose of receiving payment of or on account of principal <br />hereof and interest due hereon and for all other purposes, and neither the City nor the Trustee shall <br />be affected by any notice to the contrary. <br />The bonds are issuable only as fully registered bonds in the denomination of $5,000, <br />and any integral multiple thereof. Subject to the limitations and upon payment of the charges <br />provided in the Authorizing Ordinance, fully registered bonds may be exchanged for a like <br />aggregate principal amount of fully registered bonds of the same maturity and series of other <br />authorized denominations. <br />This bond shall not be valid until it shall have been authenticated by the Certificate <br />hereon duly signed by the Trustee. <br />10 <br />