313

295

the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to July 1, 1973, 2 1/2% if redeemed thereafter and on or prior to July 1, 1978, 2% if redee.med thereafter and on or prior to July 1, 1983, 1 1/2% if redeemed thereafter and on or prior to July 1, 1988, and 1% if redeemed thereafter. Series A bonds numbered 1 to 81, inclusive, maturing July 1, 1964 to July 1, 1968, inclusive, shall not be subject to redemption.

Series B bonds numbered 1,419 to 1,800, inclusive, maturing July 1, 1998 to July 1, 2002, inclusive, may be redeemed on any interest payment date prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium. Subject to the prior redemption of such bonds, Series B bonds numbered 213 to 1,418, inclusive, maturing July 1, 1973 to July 1, 1997, inclusive, may be redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after July 1, 1972, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to July 1, 1977, 2 1/2% if redeemed thereafter and on or prior to July 1, 1982, 2% if redeemed thereafter and on or prior to July 1, 1987, 1 1/2% if redeemed thereafter and on or prior to July 1, 1992, and 1% if redeemed thereafter. Series B bonds numbered 1 to 212, inclusive, maturing July 1, 1965 to July 1, 1972, inclusive, shall not be subject to redemption.

Notwithstanding any of the foregoing provisions, if the United States of America or any agency thereof holds any Series A or Series B bonds, all such bonds so held may be redeemed in the inverse order of their numbers on any interest payment date prior to their respective maturities and without the payment of any redemption premium. This temporary bond is subject to redemption as provided above for the corresponding definitive coupon bonds, except that any redemption in part shall be in the inverse order of the maturity dates of the installments of principal of this temporary bond.