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be issued in the original principal amount of Dollars The Series 2019 Bonds shall be issued in fully registered form without coupons in denominations of $5,000 or any integral multiple thereof, so long as no Series 2019 Bond shall have more than one maturity date. The Series 2019 Bonds shall mature on January 1 in each of the years and in the amounts, and shall bear interest at the rates, as follows: Maturity Date Principal Interest (January 1) Amount Rate Interest on the Series 2019 Bonds shall be payable on each Interest Payment Date to the person whose name appears on the Bond Registration Books as the Owner thereof as of the Record Date immediately preceding each such Interest Payment Date, such interest to be paid by check or draft of the Trustee mailed by first class mail to the Owner or, at the option of any Owner of at least $1,000,000 aggregate principal amount of the Series 2019 Bonds with respect to which written instructions have been filed with the Trustee prior to the Record Date, by wire transfer, at the address of such Owner as it appears on the Bond Registration Books. In the event there exists a default in payment of interest due on such Interest Payment Date, such interest shall be payable on a payment date established by the Trustee to the persons in whose names the Series 2019 Bonds are registered at the close of business on a special record date for the payment of such defaulted interest established by notice mailed by the Trustee to the registered Owners of the Series 2019 Bonds not less than 15 days preceding such special record date. Principal of and premium (if any) on any Series 2019 Bond shall be paid upon presentation and surrender thereof at the Principal Corporate Trust Office of the Trustee. Both the principal of and interest and premium (if any) on the Series 2019 Bonds shall be payable in lawful money of the United States of America. The Series 2019 Bonds shall be dated the Closing Date and bear interest based on a 360- day year comprised of twelve 30-day months from the Interest Payment Date next preceding the date of authentication thereof, unless said date of authentication is an Interest Payment Date, in which event such interest is payable from such date of authentication, and unless said date of authentication is prior to [June 15, 20201, in which event such interest is payable from the Closing Date; provided, however, that if, as of the date of authentication of any Series 2019 Bond, interest thereon is in default, such Series 2019 Bond shall bear interest from the date to which interest has previously been paid or made available for payment thereon in full. SECTION 2.02 Terms of Redemption. (a) Mandatory Sinking Fund Redemption. (i) The Series 2019 Bonds maturing January 1, are subject to redemption in part by lot, on January 1, in each year commencing January 1, from sinking account payments made by the City into the Sinking Account, at a redemption price equal to the principal amount to be redeemed, without premium, 55394.00055\32329348.3 554-2 /