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33 <br /> <br />Failure to mail such notice or any defect therein shall not affect the <br />validity of the redemption as regards registered owners to whom such notice <br />was given as required hereby. Each such notice shall set forth the date <br />designated for redemption, the redemption price to be paid and the <br />maturities of the Bonds to be redeemed. In the event that Certificated <br />Bonds are outstanding, each such notice to the registered owners thereof <br />shall also set forth, if less than all of the Bonds of any maturity then <br />outstanding shall be called for redemption, the distinctive numbers and <br />letters, if any, of such Bonds to be redeemed and, in the case of any Bond <br />to be redeemed in part only, the portion of the principal amount thereof to <br />be redeemed. If any Bond is to be redeemed in part only, the notice of <br />redemption shall state also that on or after the redemption date, upon <br />surrender of such Bond, a new Bond or Bonds in principal amount equal to <br />the unredeemed portion of such Bond will be issued. <br /> On or before the date fixed for redemption, moneys shall be <br />deposited with the Bond Registrar to pay the principal of and the <br />redemption premium, if any, on the Bonds or portions thereof called for <br />redemption as well as the interest accruing thereon to the redemption date <br />thereof. <br /> On the date fixed for redemption, notice having been given in the <br />manner and under the conditions hereinabove provided, the Bonds or portions <br />thereof called for redemption shall be due and payabl~ at the redemption <br />price provided therefor, plus accrued interest to such date. If moneys <br />sufficient to pay the redemption price of the Bonds or portions thereof to <br />be redeemed, plus accrued interest thereon to the date fixed for <br />redemption, are held by the Bond Registrar in trust for the registered <br />owners of Bonds or portions thereof to be redeemed, interest on the Bonds <br />or portions thereof called for redemption shall cease to accrue, such Bonds <br />or portions thereof shall cease to be entitled to any benefits or security <br />under this resolution or to be deemed outstanding, and the registered <br />owners of such Bonds or portions thereof shall have no rights in respect <br />thereof except to receive payment of the redemption price thereof, plus <br />accrued interest to the date of redemption. <br /> If a portion of a Bond shall be selected for redemption, the <br />registered owner thereof or his attorney or legal representative shall <br />present and surrender such Bond to the Bond Registrar for payment of the <br />principal amount thereof so called for redemption and the redemption <br />premium, if any, on such principal amount, and the Bond Registrar shall <br />authenticate and deliver to or upon the order of such registered owner or <br />his legal representative, without charge therefor, for the unredeemed <br />portion of the principal amount of the Bond so surrendered, a Bond or Bonds <br />of the same maturity, of any denomination or denominations authorized by <br />this resolution and bearing interest at the same rate. <br /> Section 5. Bonds, upon surrender thereof at the office of the <br />Bond Registrar together with an assignment duly executed by the registered <br />owner or his attorney or legal representative in such form as shall be <br />satisfactory to the Bond Registrar, may, at the option of the registered <br />owner thereof, be exchanged for an equal aggregate principal amount of <br />Bonds of the same maturity, of any denomination or denominations authorized <br />by this resolution and bearing interest at the same rate. <br /> The transfer of any Bond may be registered only upon the <br />registration books of the Issuer upon the surrender thereof to the Bond <br />Registrar together with an assignment duly executed by the registered owner <br />or his attorney or legal representative in such form as shall be <br />satisfactory to the Bond Registrar. Upon any such registration of <br />transfer, the Bond Registrar shall authenticate and deliver in exchange for <br />such Bond a new Bond or Bonds, registered in the name of the transferee, of <br />any denomination or denominations authorized by this resolution, in an <br />aggregate principal amount equal to the unredeemed principal amount of such <br />Bond so surrendered, of the same maturity and bearing interest at the same <br />rate. <br /> In all cases in which Bonds shall be exchanged or the transfer of <br />Bonds shall be registered hereunder, the Bond Registrar shall authenticate <br />and deliver at the earliest practicable time Bonds in accordance with the <br />provisions of this resolution. Ail Bonds surrendered in any such exchange <br />or registration of transfer shall forthwith be cancelled by the Bond <br />Registrar. The Issuer or the Bond Registrar may make a charge for shipping <br />and out-of-pocket costs for every such exchange or registration of transfer <br />of Bonds sufficient to reimburse it for any tax or other governmental <br /> <br /> <br />