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I . <br /> ON REVERSE OF BOND <br /> • <br /> All Bonds of this issue maturing in the years 1991 to <br /> 1995, both inclusive, are subject to redemption and prepayment <br /> at the option of the Issuer on February 1, 1990 and on any <br /> Interest Payment Date thereafter at par and accrued interest. <br /> Redemption may be in whole or in part of the Bonds subject to <br /> prepayment. If redemption is in part, those Bonds remaining <br /> unpaid which have the latest maturity date shall be prepaid <br /> first; and if only part of the Bonds having a common maturity <br /> date are called for prepayment, the specific Bonds to be <br /> prepaid shall be chosen by lot by the Bond Registrar. <br /> Published notice of redemption shall in each case be given in <br /> accordance with law, and mailed notice of redemption shall be <br /> given to the paying agent and to the Holders of the Bonds. <br /> To effect a partial redemption of Bonds having a <br /> common maturity date, the Bond Registrar shall assign to each <br /> Bond having a common maturity date, a distinctive number for <br /> each $5,000 of the principal amount of such Bond. The Bond <br /> Registrar shall then select by lot, using such method of <br /> selection as it shall deem proper in its discretion from the <br /> numbers assigned to the Bonds, as many numbers as, at $5,000 <br /> for each number, shall equal the principal amount of such Bonds <br /> to be redeemed. The Bonds to be redeemed shall be the Bonds to <br /> • which were assigned numbers so selected; provided, however, <br /> that only so much of the principal amount of such Bond of a <br /> denomination of more than $5,000 shall be redeemed as shall <br /> equal $5,000 for each number assigned to it and so selected. <br /> If a Bond is to be redeemed only in part, it shall be <br /> surrendered to the Bond Registrar (with, if the Issuer or the <br /> Bond Registrar so requires, a written instrument of transfer in <br /> form satisfactory to the Issuer and the Bond Registrar duly <br /> executed by the Holder thereof or his attorney duly authorized <br /> in writing) and the Issuer shall execute and the Bond Registrar <br /> shall authenticate and deliver to the Holder of such Bond, <br /> without service charge, a new Bond or Bonds of the same series <br /> having the same stated maturity and interest rate and of any <br /> authorized denomination or denominations, as requested by such <br /> Holder, in aggregate principal amount equal to and in exchange <br /> for the unredeemed portion of the principal of the Bond so <br /> surrendered. <br /> 8 <br />