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5 <br /> surrender thereof as the same shall become due and payable. <br /> Payment of the interest on each Bond shall be made by the Bond <br /> Registrar- on each interest payment date to the registered owner of <br /> such Bond (or the previous Bond or Bonds evidencing the same debt <br /> as that evidenced by such Bond) at the close of business on the <br /> record date for such interest, which shall be the 15th day (whether <br /> or not a business day) of the calendar month next preceding such <br /> interest payment date, by check mailed to such person at his <br /> address as it appears on such registration books. Transfer of <br /> principal, interest and any redemption premium payments to <br /> participants of DTC will be the responsibility of DTC, and transfer <br /> of principal, interest and any redemption premium payments to <br /> beneficial owners of the Bonds by participants of DTC will be the <br /> responsibility of such participants and other nominees of such <br /> beneficial owners. The Issuer will not be responsible or liable <br /> for such transfers of payments or for maintaining, supervising or <br /> reviewing records maintained by DTC, its participants or persons <br /> acting through such participants. <br /> In the event that (a) DTC determines not to continue to act as <br /> securities depository for the Bonds or (b) the Finance Director of <br /> the Issuer determines that continuation of the book-entry system of <br /> evidence and transfer of ownership of the Bonds would adversely <br /> affect the interests of the beneficial owners of the Bonds, the <br /> Issuer will discontinue the book-entry system with DTC. If the <br /> Issuer identifies another qualified securities depository to <br /> 4 <br />