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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 of paying expenses incidental thereto, all as described and defined in the ordinance <br /> authorizing the Bonds (the "Ordinance"), pursuant to and in all respects in compliance with the <br /> applicable provisions of the Illinois Municipal Code, as supplemented and amended, and as <br /> further supplemented and, where necessary, superseded, by the powers of the City as a home rule <br /> unit under the provisions of Section 6 of Article VII of the Illinois Constitution of 1970 and the <br /> City's enabling ordinances adopted pursuant to such home rule powers (such code, powers and <br /> enabling ordinance, collectively, being the `Act"), and with the Ordinance, which has been duly <br /> passed by the Council of the City, approved by the Mayor, and published, in all respects as by <br /> 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 <br /> upon payment of the charges as set forth in the Ordinance. Upon surrender for transfer or <br /> exchange of this Bond at the principal corporate trust office of the Bond Registrar in the City of <br /> Chicago, Illinois, duly endorsed by or accompanied by a written instrument or instruments of <br /> transfer or exchange in form satisfactory to the Bond Registrar and duly executed by the <br /> Registered Owner or an attorney for such owner duly authorized in writing, the City shall execute <br /> and the Bond Registrar shall authenticate, date and deliver in the name of the transferee or <br /> transferees or, in the case of an exchange, the Registered Owner, a new fully registered Bond or <br /> Bonds of like tenor, of the same maturity, bearing the same interest rate, of authorized <br /> denominations, for a like aggregate 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 /> 36 <br />