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4 <br /> if at the time of authentication interest is in default, such Bond <br /> shall bear interest from the date to which interest has been paid. <br /> The principal of and the interest and any redemption premium <br /> on the Bonds shall be payable in any coin or currency of the United <br /> States of America which is legal tender for the payment of public <br /> and private debts on the respective dates of payment thereof. <br /> The Bonds will be issued by means of a book-entry system with <br /> no physical distribution of Bond certificates to be made except as <br /> hereinafter provided. One fully-registered Bond certificate with <br /> respect to each date on which the Bonds are stated to mature, in <br /> the aggregate principal amount of the Bonds stated to mature on <br /> such date and registered in the name of Cede & Co. , a nominee of <br /> The Depository Trust Company, New York, New York ("DTC") , will be <br /> issued and required to be deposited with DTC and immobilized in its <br /> custody. The book-entry system will evidence beneficial ownership <br /> of the Bonds in the principal amount of $5, 000 or any multiple <br /> thereof, with transfers of beneficial ownership effected on the <br /> records of DTC and its participants pursuant to rules and <br /> procedures established by DTC and its participants. The principal <br /> of and any redemption premium on each Bond shall be payable to Cede <br /> & Co. or any other person appearing on the registration books of <br /> the Issuer hereinafter provided for as the registered owner of such <br /> Bond or his registered assigns or legal representative at such <br /> office of the Bond Registrar mentioned hereinafter or such other <br /> place as the Issuer may determine upon the presentation and <br /> 3 <br />