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upon presentation made pursuant to such call . The Bond Registrar <br /> shall not be required to register, transfer or exchange any bond <br /> called for redemption within twenty (20) days next preceding the <br /> date fixed for such redemption. <br /> Portions of any bond, in installments of $5, 000 or any <br /> integral multiple of $5, 000, may also be redeemed in accordance <br /> with the schedules set forth above. If less than all of the <br /> principal amount of any bond is redeemed, upon surrender of such <br /> bond at the principal office of the Bond Registrar there shall be <br /> issued to the registered owner, without charge therefor, for the <br /> then unredeemed balance of the principal amount thereof, a new <br /> bond or bonds, at the option of the registered owner, of like <br /> maturity and interest rate in any of the denominations authorized <br /> by the Bond Ordinance. <br /> The bonds of this issue may be transferred only if endorsed <br /> in the manner provided hereon and surrendered to the Bond <br /> Registrar. The bonds are interchangeable for bonds of any <br /> authorized denomination of an equal aggregate principal amount and <br /> of the same interest rate and maturity upon presentation and <br /> surrender to the Bond Registrar. Such transfer or exchange shall <br /> be without cost to the Registered Owner. <br /> The capitalized terms used herein have the meanings set forth <br /> in the Bond Ordinance. Reference is made to the Bond Ordinance <br /> and any and all modifications and amendments thereof for a <br /> description of the nature and extent of the security for the bonds <br /> of this issue, the funds or revenues pledged, and the terms and <br /> conditions upon which such bonds are issued. <br /> ASSIGNMENT <br /> FOR VALUE RECEIVED, the undersigned hereby sells, assigns and <br /> transfers unto <br /> PLEASE INSERT SOCIAL SECURITY OR <br /> TAXPAYER IDENTIFICATION NUMBER OF TRANSFEREE <br /> / / <br /> (Please print or typewrite name and address, including ZIP code, <br /> of Transferee) <br /> the within bond and does hereby irrevocably constitute and appoint <br /> or its successor, <br /> attorney-in-fact to transfer said bond on the registration books <br /> of the Bond Registrar with full power of substitution in the <br /> premises. <br /> DATED: <br /> -46- WMD202 85/06/10 <br />