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<br />, ' <br /> <br />- <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />prior to maturity. If less than all of the Bonds outstanding <br />are to be redeemed at anyone time, the Bonds to be redeemed <br />shall be redeemed in inverse order of maturity, and by lot <br />within a maturity. Bonds called for redemption shall be <br />redeemed at a redemption price (expressed as a percentage of <br />the principal amount thereof), plus accrued interest to the <br />date of redemption as set forth in the following table: <br /> <br />REDEMPTION YEARS AND PREMIUMS <br />FOR OPTIONAL CALLS <br /> <br />Redemption Date <br /> <br />Premium <br /> <br />December 1, <br />December 1, <br />December 1, <br />December 1, <br />December 1, <br /> <br />or June 1, 1994 <br />or June 1, 1995 <br />or June 1, 1996 <br />or June 1, 1997 <br />and thereafter <br /> <br />102% <br />101 1/2% <br />101% <br />100% <br />100% <br /> <br />1993 <br />1994 <br />1995 <br />1996 <br />1997 <br /> <br />The Bonds maturing on December 1,2009, are also subject to <br />call and redemption prior to maturity as a result of Minimum <br />Sinking Account Payments commencing December 1, 2000, and on <br />each December 1 thereafter, as provided in the Resolution. <br />Notice of call and redemption prior to maturity shall be given <br />as provided in the Resolution. <br /> <br />This Bond and the coupons hereto attached are <br />negotiable instruments and shall be negotiable by delivery. <br />This Bond (issued in the form of a bearer bond and herein <br />sometimes referred to as "Bearer Bond") is not registrable by <br />endorsement but may be exchanged for a Fully Registered Bond as <br />provided in the Resolution. Fully Registered Bonds may be <br />exchanged for a like aggregate principal amount of Bearer Bonds <br />of the same issue, bearing all unmatured coupons, or for a like <br />aggregate principal amount of Fully Registered Bonds of other <br />authorized denominations, or in part for Bearer Bonds and the <br />balance for Fully Registered Bonds of the same issue and Bearer <br />Bonds bearing all unmatured coupons may be exchanged for a like <br />aggregate principal amount of Fully Registered Bonds of <br />authorized denominations of the same issue, all as more fully <br />set forth in the Resolution; provided, however, no such <br />exchange shall be made between the fifteenth day preceding any <br />interst payment date and such interest payment date. Such <br />exchange shall be free of any costs or charges to the person, <br />firm or corporation requesting such exchange, except for any <br />tax or governmental charge that may be imposed in connection <br />with such exchange. <br /> <br />03-30-83 <br />4439P/2306/00 <br /> <br />3 <br />