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, as bond registrar(the "Bond Registrar"),at the close of business <br /> on the applicable Record Date(the "Record Date"). The Record Date shall be the 15th day of the <br /> month next preceding any regular or other interest payment date occurring on the 1 st day of any <br /> month and 15 days preceding any interest payment date occasioned by the redemption of Bonds <br /> on other than the 1 st day of a month. Interest shall be paid by check or draft of the Paying Agent, <br /> payable upon presentation in lawful money of the United States of America,mailed to the address <br /> of such Registered Owner as it appears on such registration books or at such other address <br /> furnished in writing by such Registered Owner to the Bond Registrar, or as otherwise agreed by <br /> the City and Cede & Co., as nominee, or successor, for so long as this Bond is held by The <br /> Depository Trust Company,New York,New York,the depository,or nominee,in book-entry only <br /> form as provided for same. <br /> Reference is hereby made to the further provisions of this Bond set forth on the reverse <br /> hereof, and such further provisions shall for all purposes have the same effect as if set forth at this <br /> place. <br /> It is hereby certified and recited that all conditions, acts and things required by the <br /> Constitution and Laws of the State of Illinois to exist or to be done precedent to and in the issuance <br /> of this Bond, including the authorizing Act, have existed and have been properly done, happened <br /> and been performed in regular and due form and time as required by law;that the indebtedness of <br /> the City, represented by the Bonds, and including all other indebtedness of the City, howsoever <br /> evidenced or incurred, does not exceed any constitutional or statutory or other lawful limitation; <br /> and that provision has been made for the collection of a direct annual tax, in addition to all other <br /> taxes, on all of the taxable property in the City sufficient to pay the interest hereon as the same <br /> falls due and also to pay and discharge the principal hereof at maturity. <br /> -16- <br />