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? <br /> <br />the option of the City, as a whole, or in part by lot, from the Series B <br />Sinking Fund Account provided for in the Resolution on any interest <br />payment date on or a~ter May 1, 1982, at the principal amount thereof <br />and accrued interest to date of redemption, plus a premium as set forth' <br />in the following schedule: <br /> <br />Bonds Redeemed In <br />(bofll yeirs IKIuslve) Premium <br />1982 ....................................... 3 c~ <br />1983-198&. ............................. 2 <br />1985-1986 .............................. I~ <br />1987-1988 ...................... ~ ....... 1 <br /> <br />1989-1990 .............................. ~ofl <br />1991-199~ ............................. 0 <br /> <br /> Subject to the provisions for registration and transfer contained <br />herein and in the Resolution, this Bond shall be a negotiable instrument <br />and shall pass by deUvery unless registered as to principal in the <br />owner's name at the office of the Fiscal Agent, and such registration <br />noted hereon. After registration as to principal no valid transfer hereof <br />can be made, except at such office by the registered owner in person or <br />by duly authorized attorney and e~milarly noted hereon, until after <br />registered transfer to bearer, but after registered transfer to bearer, <br />this Bond shall be again transferable by delivery. Registration as to'~ <br />principal only, however, shall not affect the negotiability of the co~pons <br />which shall remain payable to bearer and transferable by delivery. This <br />Bond, if fully registered as to both principal and interest, shall be <br />transferable only in accordance with the terms en~dorsed upon t~he back <br />hereof. <br /> The rights and obligations of the City and of the holders and <br />registered owners of the Bonds may be modified or amended at any time <br />in the manner, to the extent and upon the terms provided in the Resolu- <br />tion, but no such modification or amendment shah (1) exte~the <br />maturity of this Bond, or reduce the interest rate hereon, or otherwise <br />alter or impair the obligation of the City to pay the principal hereof, <br />or interest hereon, or any premium payable on the redemption hereof, <br /> <br /> <br />