388

362

(j) Place and Medium of Payment: (See provision above)

(k) Registerability: (see provision above)

(l) Redemption Provisions: (Series E Bonds)

Bonds Numbered 1-E through 415-E inclusive, maturing November 1, 1992 through November 1, 1995 inclusive, to be callable at the option of the Borrower prior to the stated maturities thereof, in whole or in part and in inverse numerical order on any interest payment date after November 1, 1970 upon at least thirty (30) days' prior notice at the principal amount thereof, plus accrued interest to the date of redemption and a premium for each bond as follows:

3% if redeemed May 1, 1971 through November 1, 1975 inclusive
2-1/2% if redeemed May 1, 1976 through November 1, 1980 inclusive
2% if redeemed May 1, 1981 through November 1, 1985 inclusive
1-1/2% if redeemed May 1, 1986 through November 1, 1990 inclusive
1% if redeemed May November 1, 1990.

Bonds 416-E through 1, 000-E inclusive, maturing November 1, 1996 through November 1, 2000 inclusive, to be callable at the option of the Borrower in whole or in part and in inverse numerical order on any interest payment date during the entire life of the loan, upon at least thirty (30) days' prior notice, at par plus accrued interest to the date of redemption.

Priority as to call shall extend to bonds numbered 416-E through 1,000-E inclusive over bonds numbered 1-E through 415-E inclusive.

(See provision above for pro rata redemption)

(j) Place and Medium of Payment: (See provision above)

(k) Registerability: )See provision above)

(l) Redemption Provisions: (Series F Bonds)

Bonds numbered 1-F through 299-F inclusive, maturing November 1, 1966 through November 1, 1973 inclusive, to be non-callable. Bonds numbered 300-F through 1, 996-F inclusive, maturing November 1, 1974 through November 1, 1998 inclusive, to be callable at the option of the Borrower prior to the stated maturities thereof in whole or in part and in inverse numerical order on any interest payment date after November 1, 197 3 upon at least thirty (30) days' prior notice at the principal amount thereof, plus accrued interest to the date of redemption and a premium for each bond as follows:

3% if redeemed May 1,1974 through November 1, 1978 inclusive
2-1/2% if redeemed May 1,1979 through November 1, 1983 inclusive
2% if redeemed May 1,1984 through November 1, 1988 inclusive
1-1/2% if redeemed May 1,1989 through November 1, 1993 inclusive
1% if redeemed after November 1, 1993.

Bonds 1, 997-F through 2, 544-F inclusive, maturing November 1, 1999 through November 1, 2003 inclusive, to be callable at the option of the Borrower in whole or in part and in inverse numerical order on any interest payment date during the entire life of the loan, upon at least thirty (30) days' prior notice, at par plus accrued interest to the date of redemption.

Priority as to call shall extend to bonds numbered 1, 997-F through 2, 544-F inclusive over bonds numbered 300-F through 1,996-F inclusive.

(See provisions above for pro rata redemption)