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<br />mencing May 1, 2000, to the person in whose name this Bond is registered at the close of business <br />on the fifteenth day (whether or not a business day) of the immediately preceding month. The <br />interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in <br />lawful money of the United States of America by check or draft by U.S. Bank Trust National <br />Association, St. Paul, Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and <br />Authenticating Agent, or its designated successor under the Resolution described herein. <br /> <br />The City may elect on November 1, 2005, and on any date thereafter, to prepay Bonds of <br />this issue maturing on or after November I, 2006. Redemption may be in whole or in part and if in <br />part at the option of the City and in such manner as the City shall determine. If less than all Bonds <br />of a maturity are called for redemption, the City will notify DTC of the particular amount of such <br />maturity to be prepaid. DTC will determine by lot the amount of each participant's interest in such <br />maturity to be redeemed and each participant will then select by lot the beneficial ownership <br />interests in such maturity to be redeemed. All prepayments shall be at a price of par plus accrued <br />interest. <br /> <br />The Term Bonds are subject to mandatory redemption on November 1, of the following <br />years in the following amounts: <br /> <br />Year <br /> <br />Amount <br /> <br />20 Term Bonds <br /> <br />$ <br /> <br />_ (maturity) <br /> <br />20 Term Bonds <br /> <br />$ <br /> <br />(maturity) <br /> <br />The City Council has designated the issue of Bonds of which this Bond forms a part as <br />"qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Internal Revenue <br />Code of 1986, as amended (the Code) relating to disallowance of interest expense for financial <br />institutions and within the $10 million limit allowed by the Code for the calendar year of issue. <br /> <br />Additional provisions of this Bond contained on the reverse hereof have the same effect as <br />though fully set forth in this place. <br /> <br />This Bond is not valid or obligatory for any purpose or entitled to any security or benefit <br />under the Resolution until the Certificate of Authentication hereon has been executed by the Bond <br />Registrar by manual signature of one of its authorized representatives. <br /> <br />DJK-165146 <br />NE 136-152 <br />