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Bonds for all purposes, including payments of principal of, and <br />redemption premium, if any, and interest on the Bonds, notices and <br />voting. The principal of and any redemption premium on each Bond <br />shall be payable to'the Securities Depository Nominee or any other <br />person appearing on the registration books of the Issuer <br />hereinafter provided for as the registered owner of such Bond or <br />his registered assigns or legal representative at the office of the <br />Bond Registrar mentioned hereinafter or such other place as the <br />Issuer may determine upon the presentation and surrender thereof as <br />the same shall become due and payable. Payment of the interest on <br />each Bond shall be made by the Bond Registrar on each interest <br />payment date to the registered owner of such Bond (or the previous <br />Bond or Bonds evidencing the same debt as that evidenced by such <br />Bond) at the close of business on the record date for such <br />interest, which shall be the 15th day (whether or not a business <br />day) of the calendar month next preceding such interest payment <br />date, by check mailed to such person at his address as it appears <br />on such registration books or, during the continuation of the book- <br />entry system, by such other method of payment as the Issuer may <br />determine to be necessary or advisable with the concurrence of the <br />Securities Depository. Transfer of principal and interest and any <br />redemption premium payments to participants of the Securities <br />Depository will be the responsibility of the Securities Depository, <br />and transfer of principal and interest and any redemption premium <br />payments to beneficial owners of the Bonds by participants of the <br />Securities Depository will be the responsibility of such <br />participants and other nominees of such beneficial owners. Such <br /> <br /> <br />