01-92 Sanitary Sewer Bonds $6,500,000

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45 days prior to the redemption date or such shorter period as shall be acceptable to the FiScal Agent. In the event that notice of redemption shall have been given by the Fiscal Agent to the Holders as hereinafter provided, there shall be deposited with the Fiscal Agent on or prior to the redemption date, funds which, in addition to any other moneys available therefor and held by the Fiscal Agent, wii1 be sufficient to redeem at the redemption price thereof, plus interest accrued to the redemption date, all of the redeemable Series 1992 Term Bonds for which notice of redemption has been given. The Series 1992 Bonds shall express upon their faces the purpose for which they are issued and that they are issued pursuant to Section 3 of Article XVIII of the Ohio Constitution, Chapter 133 of the Ohio Revised Code, Section 32, Article XIV of the Charter of the Issuer, the General Bond Legislation and this Series Legislation; shall be executed by the Mayor and Fiscal Officer one or both of whose signatures may be a facsimile signature; shall be issued in the denomination of $5,000 or any integral multiple thereof, initially in the form of one fully registered bond for each maturity registered to a Depository for use in a book-entry system in accordance with the provisions of Section 3 below; shall be numbered from i upwards in such manner as to distinguish each Series 1992 Bond from any other Series 1992 Bond; shall be issued only in fully registered form; and shall be registered as to both principal and interest at the corporate trust office of the Registrar. The principal of the Series 1992 Bonds shall be payable upon presentation and surrender to the Fiscal Agent. Except while the Series 1992 Bonds are held in a book-entry system, interest on any Series 1992 Bond shall be paid on each Interest Payment Date by check or draft mailed to the Holder at the address appearing on the Bond Register at the close of business of the Regular Record Date. If any Interest Payment Date, date of maturity of the principal of any Series 1992 Bonds, or date fixed for the redemption of any Series 1992 Bonds is a Saturday, Sunday or a day on which the Fiscal Agent is required, or authorized or not prohibited, by law (including without limitation, executive orders) to close and is closed, then payment of interest, principal and any redemption premium need not be made by the Fiscal Agent on that date, but that payment may be made on the next succeeding Business Day on which the Fiscal Agent is open for business with the same force and effect as if that payment were made on the Interest Payment Date, date of maturity or date fixed for redemption, and no interest shall accrue for the period after that date. Section 4. The Series 1992 Bonds shall originally be issued solely in Book-entry form to a Depository to be held in a Book-entry system in accordance with the General Bond Legislation, particularly Section 4(g) thereof. The Fiscal Officer is hereby authorized and directed to engage the services of The Depository -6-