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pursuant to a resolution adopted by the City Council of the <br /> Issuer on August 21, 2000 (the "Resolution" ) , for the purpose of <br /> providing money to finance the construction of various improve- <br /> ment projects . This Bond is payable out of the General <br /> Obligation Improvement Bonds, Series 2000A Fund of the Issuer. <br /> This Bond constitutes a general obligation of the Issuer, and to <br /> provide moneys for the prompt and full payment of its principal, <br /> premium, if any, and interest when the same become due, the full <br /> faith and credit and taxing powers of the Issuer have been and <br /> are hereby irrevocably pledged. <br /> Denominations: Exchange; Resolution. The Bonds are <br /> issuable solely as fully registered bonds in the denominations of <br /> $5, 000 and integral multiples thereof of a single maturity and <br /> are exchangeable for fully registered Bonds of other authorized <br /> denominations in equal aggregate principal amounts at the <br /> principal office of the Bond Registrar, but only in the manner <br /> and subject to the limitations provided in the Resolution. <br /> Reference is hereby made to the Resolution for a description of <br /> the rights and duties of the Bond Registrar. Copies of the <br /> Resolution are on file in the principal office of the Bond <br /> Registrar. <br /> Transfer. This Bond is transferable by the Holder in <br /> person or by his, her or its attorney duly authorized in writing <br /> at the principal office of the Bond Registrar upon presentation <br /> and surrender hereof to the Bond Registrar, all subject to the <br /> terms and conditions provided in the Resolution and to reasonable <br /> regulations of the Issuer contained in any agreement with the <br /> •Bond Registrar. Thereupon the Issuer shall execute and the Bond <br /> Registrar shall authenticate and deliver, in exchange for this <br /> Bond, one or more new fully registered Bonds in the name of the <br /> transferee (but not registered in blank or to "bearer" or similar <br /> designation) , of an authorized denomination or denominations, in <br /> aggregate principal amount equal to the principal amount of this <br /> Bond, of the same maturity and bearing interest at the same rate. <br /> Fees upon Transfer or Loss. The Bond Registrar may <br /> require payment of a sum sufficient to cover any ta:: or other <br /> governmental charge payable in connection with the transfer or <br /> exchange of this Bond and any legal or unusual costs regarding <br /> transfers and lost Bonds. <br /> Treatment of Registered Owners . The Issuer and Bond <br /> Registrar may treat the person in whose name this Bond is <br /> registered as the owner hereof for the purpose of receiving <br /> payment as herein provided (except as otherwise provided on the <br /> reverse side hereof with respect to the Record Date) and for all <br /> other purposes, whether or not this Bond shall be overdue, and <br /> neither the Issuer nor the Bond Registrar shall be affected by <br /> notice to the contrary. <br /> 1194249.1 13 <br />