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0 0 <br /> The Series 2002 Bonds shall be redeemed, on any date, at <br /> a redemption price equal to the principal amount being redeemed <br /> plus accrued interest to the redemption date plus the Prepayment <br /> Fee, in inverse order of maturity (and by lot within a maturity) to <br /> the extent that proceeds of the Series 2002 Bonds exceed the cost <br /> of the Improvements; provided that the Prepayment Fee shall not <br /> exceed an amount which would cause interest on the Series 2002 <br /> Bonds to exceed % per annum. <br /> Notice of redemption identifying the Series 2002 Bonds or <br /> portions thereof to be redeemed shall be given by the Trustee, not <br /> less than thirty (30) nor more than sixty (60) days prior to the <br /> date fixed for redemption, by mailing a copy of the redemption <br /> notice by first class mail, postage prepaid, or sending such notice <br /> by electronic transmission with evidence of receipt, to all <br /> registered owners of Series 2002 Bonds to be redeemed. Failure to <br /> send an appropriate notice or any such notice to one or more <br /> registered owners of Series 2002 Bonds to be redeemed shall not <br /> affect the validity of the proceedings for redemption of other <br /> Series 2002 Bonds as to which notice of redemption is duly given in <br /> proper and timely fashion. All such Series 2002 Bonds or portions <br /> thereof thus called for redemption will cease to bear interest on <br /> such redemption date . <br /> With respect to notice of redemption of Series 2002 Bonds <br /> at the option of the City, unless moneys sufficient to pay the <br /> principal of, premium, if any, and interest on the Series 2002 <br /> Bonds to be redeemed shall have been received by the Trustee prior <br /> to the giving of such notice, the notice shall state that <br /> redemption shall be conditional upon the receipt of such moneys by <br /> the Trustee on or prior to the date fixed for such redemption. If <br /> such moneys shall not have been so received, such notice shall be <br /> of no force and effect, the City shall not redeem such Series 2002 <br /> Bonds and the Trustee shall give notice, in the manner in which the <br /> notice of redemption was given, that such moneys were not so <br /> received. <br /> This Series 2002 Bond is transferable by the registered <br /> owner hereof in person or by his attorney-in-fact duly authorized <br /> in writing at the corporate trust office of the Trustee in <br /> Batesville, Arkansas, but only in the manner, subject to the <br /> limitations and upon payment of the charges provided in the <br /> Authorizing Ordinance, and upon surrender and cancellation of this <br /> Series 2002 Bond. Upon such transfer a new fully registered Series <br /> 2002 Bond or Bonds of the same series and maturity, of authorized <br /> denomination or denominations, for the same aggregate principal <br /> amount, will be issued to the transferee in exchange therefor. <br /> This Series 2002 Bond is issued with the intent that the laws of <br /> the State of Arkansas shall govern its construction. <br /> The City and the Trustee may deem and treat the <br /> • registered owner hereof as the absolute owner hereof for the <br /> 5 <br />