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I <br /> �, paid by check or draft of (or other effective transfer of funds <br /> b ) the Assi nee mailed to the re istered owner or owners hereof. <br /> Y g g <br /> [Direct payment to the registered owner hereof shall be <br /> m' <br />, per itted. ] The Assi nee shall act as Bond Re istrar for and on <br /> g g <br /> behalf of the Issuer in connection herewith. <br /> Upon presentation hereof rior to the last maturit or <br /> P Y <br /> due date of the principal hereof, and otherwise with the request <br /> of and presentation by the registered owner or owners hereof, <br /> payments of principal and interest, including prepayments of <br /> principal installments, shall be noted on the Payment Record at- <br /> tached to and made a art of this Bond as rovided in the Bond <br /> P P <br /> Ordinance hereinafter identified pursuant to which this Bond is <br /> issued. The failure to have noted an a ments on such Pa ment <br /> Y P Y Y <br /> Record shall not invalidate or render ineffective any payments <br /> actually made or duly provided for. <br /> The Bonds are issued in the aggregate principal sum of <br /> $5, 500, 000 pursuant to the provisions of the Constitution of <br /> Illinois and the home rule provisions of Section 6 of Article VII <br /> of the Constitution of Illinois as implemented by Ordinance No. <br /> 5768 of the Issuer ' s City Council, as supplemented and amended <br /> (the "Enabling Ordinance") , and Ordinance No. (the "Bond <br /> Ordinance" ) duly adopted by the City Council of the Issuer on <br /> December 23 , 1985 and approved by its Mayor on December , 1985 <br /> for the purpose of providing funds to finance the cost of the <br /> construction, acquisition and equipping of a supermarket, and <br /> related facilities, including necessary land, buildings and <br /> equipment (hereinafter called the "Project") , and paying expenses <br /> incidental thereto, to the end that the Issuer may increase <br /> -15- <br />