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<br />surrender of the Bond to the office of the Paying Agent (designated corporate trust office, <br />if the Paying Agent is not the City's Finance Department), and (ii) in case only part of the <br />unpaid balance of principal of this Bond is to be paid, upon presentation of such Bond at <br />the office of the Paying Agent (designated corporate trust office, if the Paying Agent is <br />not the City's Finance Department) for notation thereon of the amount of principal then <br />paid or for issuance of a replacement Bond in the principal amount not redeemed. <br />Notwithstanding the provisions of clause (ii) above, if all of the Bonds are registered in <br />the name of the Bank, a partial prepayment may be effected by payment to the Bank of <br />the principal without surrender of this Bond. If, on the prepayment date, funds for the <br />payment of the principal amount to be prepaid shall have been provided to the Paying <br />Agent, as above provided, then from and after the prepayment date interest on such <br />principal amount of this Bond shall cease to accrue. If said funds shall not have been so <br />paid on the prepayment date with respect to principal and on the next succeeding <br />Payment Date with respect to interest, the principal amount of the Bond shall continue to <br />bear interest until payment thereof. <br /> <br />The 2002 Bond shall be subject to tender for purchase at the option of the <br />registered owner thereof, in whole or in part, on the tenth anniversary of the issuance of <br />the 2002 Bond at a purchase price equal to the then unpaid principal balance thereof. In <br />order to exercise such option, the registered owner of the 2002 Bond shall give the <br />Finance Director written notice of its exercise of such option during the period <br />commencing 240 days and ending 180 days prior to the tenth anniversary of the issuance <br />of the 2002 Bond. <br /> <br />THIS BOND SHALL NOT BE AND SHALL NOT CONSTITUTE AN <br />INDEBTEDNESS OF THE CITY WITHIN THE MEANING OF ANY <br />CONSTITUTIONAL, STATUTORY, CHARTER OR OTHER LIMITATIONS OF <br />INDEBTEDNESS BUT SHALL BE SECURED SOLELY BY AND PAYABLE FROM <br />THE PLEDGED REVENUES. NO HOLDER OF THIS BOND SHALL EVER HA VE <br />THE RIGHT TO COMPEL THE EXERCISE OF AD VALOREM TAXING POWER <br />OF THE CITY, OR TAXATION IN ANY FORM OF ANY REAL PROPERTY <br />THEREIN TO PAY THE BOND OR THE INTEREST THEREON. <br /> <br />The terms and provisions of the Ordinance are incorporated in this Bond as <br />though such terms and provisions have been set out in full herein. <br /> <br />3 <br />