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[FORM OF BOND-REVERSE SIDE] <br /> This bond is one of a series of bonds (the "Bonds") in the aggregate principal amount of <br /> $ ,000 issued by the City for the purpose of [refunding certain outstanding bonds of the <br /> City] [and] financing of water system infrastructure improvements], and of paying expenses <br /> incidental thereto, all as described and defined in the ordinance authorizing the Bonds (the <br /> "Ordinance"), pursuant to and in all respects in compliance with the applicable provisions of the <br /> Illinois Municipal Code, as supplemented and amended, and as further supplemented and, where <br /> necessary, superseded, by the powers of the City as a home rule unit under the provisions of <br /> Section 6 of Article VII of the Illinois Constitution of 1970 and the City's enabling ordinances <br /> adopted pursuant to such home rule powers (such code, powers and enabling ordinance, <br /> collectively,being the "Act"),and with the Ordinance,which has been duly passed by the Council <br /> of the City, approved by the Mayor, and published, in all respects as by law required. <br /> Subject to the provisions relating to this Bond remaining in book-entry only form, this <br /> Bond may be transferred or exchanged,but only in the manner,subject to the limitations,and upon <br /> payment of the charges as set forth in the Ordinance. Upon surrender for transfer or exchange of <br /> this Bond at the principal corporate trust office of the Bond Registrar in the City of , <br /> , duly endorsed by or accompanied by a written instrument or instruments of transfer <br /> or exchange in form satisfactory to the Bond Registrar and duly executed by the Registered Owner <br /> or an attorney for such owner duly authorized in writing, the City shall execute and the Bond <br /> Registrar shall authenticate, date and deliver in the name of the transferee or transferees or, in the <br /> case of an exchange,the Registered Owner, a new fully registered Bond or Bonds of like tenor, of <br /> the same maturity,bearing the same interest rate,of authorized denominations,for a like aggregate <br /> principal amount. <br /> The Bond Registrar shall not be required to transfer or exchange any Bond during the <br /> period from the close of business on the Record Date for an interest payment to the opening of <br /> -21- <br />