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the Bond Notification, and in such principal amounts as shall be set forth therein; provided, <br /> however, that the final maturity shall be due on or before March 1, 2042, and each maturity or <br /> sinking fund payment shall not exceed$2,100,000. Each Bond shall bear interest, at a rate not to <br /> exceed 5.0%per annum,from the later of its Dated Date as herein provided or from the most recent <br /> interest payment date to which interest has been paid or duly provided for, until the principal <br /> amount of such Bond is paid or duly provided for,such interest(computed upon the basis of a 360- <br /> day year of twelve 30-day months) being payable on March 1 and September 1 of each year, <br /> commencing with the first interest payment date as provided in the Bond Notification. <br /> Interest on each Bond shall be paid by check or draft of the Paying Agent, payable upon <br /> presentation thereof in lawful money of the United States of America,to the person in whose name <br /> such Bond is registered at the close of business on the applicable Record Date (the "Record <br /> Date"), and mailed to the registered owner of the Bond as shown in the Bond Registrar or at such <br /> other address furnished in writing by such registered owner. The Record Date shall be the 15th day <br /> of the month next preceding any regular or other interest payment date occurring on the 1 st day of <br /> any month and 15 days preceding any interest payment date occasioned by the redemption of <br /> Bonds on other than the 1 st day of a month. The principal of or redemption price due on the Bonds <br /> shall be payable in lawful money of the United States of America upon presentation thereof at the <br /> principal corporate trust office of the Paying Agent, or at successor Paying Agent and locality. <br /> Section 5. Global Book-Entry System. The Bonds shall be initially issued in the form <br /> of a separate single fully registered Bond for each of the maturities of the Bonds as provided in <br /> Section 4 hereof, and the ownership of each such Bond shall be registered in the Bond Register in <br /> the name of Cede & Co., or any successor thereto ("Cede"), as nominee of The Depository Trust <br /> Company,New York,New York, and its successors and assigns ("DTC"). All of the outstanding <br /> Bonds shall be registered in the Bond Register in the name of Cede, as nominee of DTC, except <br /> -5- <br />