420

394

bond and its interest coupons, if any, or in lieu of and in substitution for such bond and its coupons, if any, destroyed or lost, upon the holder's paying the reasonable expenses and charges of the Board in connection therewith and, in the case of a bond destroyed or lost, his filing with the Board evidence satisfactory to the Board that such bond and coupons, if any, were destroyed or lost, and of his ownership thereof, and furnishing the Board with indemnity satisfactory to them.

ARTICLE III

Redemption of Bonds

Section 301. Definitive coupon 1963 Series A bonds numbered 1,443-A to 1,647-A, inclusive, maturing November 1, 1992 to November 1, 1994, 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, definitive coupon 1963 Series A bonds numbered 109-A to 1,442-A, inclusive, maturing November 1967 to November 1, 1991, inclusive, maybe 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 November 1, 1996 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 November 1, 1971, 2-1/2% if redeemed thereafter and on or prior to November 1, 1976, 2% if redeemed thereafter and on or prior to November 1, 1981, 1-1/2% if redeemed thereafter and on or prior to November 1, 1986, and 1% if redeemed thereafter. Definitive coupon 1963 Series A bonds numbered 1-A to 108-A, inclusive, maturing November 1, 1964 to November 1, 1966, inclusive, shall not be subject to redemption.

The 1963 Series B bonds shall not be subject to redemption.

Definitive coupon 1963 Series C bonds numbered 1-C to 533-C, inclusive, maturing November 1, 1971 to November 1, 1979, 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 November 1, 1970 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 November 1, 1975, and 2-1/2% if redeemed thereafter.

Definitive coupon 1963 Series D bonds numbered 1-D to 1,000-D, inclusive, maturing November 1, 1980 to November 1, 1991, 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 November 1, 1970 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 November 1, 1975, 2-1/2% if redeemed thereafter and on or prior to November 1, 1980, 2% if redeemed thereafter and on or prior to November 1, 1985, 1-1/2% if redeemed thereafter and on or prior to November 1, 1990, and 1% if redeemed thereafter.

Definitive coupon 1963 Series E bonds numbered 416-E to 1,000-E, inclusive, maturing November 1, 1996 to November 1, 2000, inclusive, may be redeemed on any interest payment date prior to their