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200510856 Bonds shall be dated as of the date of delivery thereof and shall bear interest at the rates per annum and become due on November 1 of each of the years as indicated below: Maturing on Novmeber 1 Principal Interest Rate of Year Amount Per Annum 2006 $605,000 2.85% 2007 625,000 3.00% 2008 640,000 3.10% 2009 660,000 3.20% 2010 685,000 3.30% 2011 705,000 3.40% 2012 730,000 3.50% 2013 755,000 3.60% 2014 785,000 3.70% 2015 810,000 3.80% Interest on the Building Bonds, at the respective rates for each maturity, shall be payable on May 1 and November 1 of each year commencing May 1, 2006 (each of said dates an "Interest Payment Date ") and the Building Bonds shall bear such interest from the date of original issue or the most recent Interest Payment Date, whichever is later. The interest due on each Interest Payment Date shall be payable to the registered owners of record as of the fifteenth day of the month immediately preceding the month in which the Interest Payment Date occurs (the "Record Date "), subject to the provisions of Section 2.04 of this Article II. The Building Bonds shall be numbered from R -1 upwards in the order of their issuance. No Building Bonds shall be issued originally or upon transfer or partial redemption having more than one principal maturity. The initial bond numbering and principal amounts for each of the Building Bonds issued shall be designated by the Trustee as directed by the initial purchaser thereof. Payments of interest due on the Building Bonds shall be made by the Trustee by mailing a check or draft in the amount due for such interest on each Interest Payment Date to the registered owner of each Building Bond, as of the Record Date for such Interest Payment Date, to such owner's registered address as shown on the books of registration as required to be maintained in Section 2.03 of this Article II. Payments of principal due at maturity or at any date fixed for redemption prior to maturity shall be made by the Trustee to the registered owners upon presentation and surrender of the Building Bonds to the Trustee at the Designated Office. The Corporation and the Trustee may treat the registered owner of any Building Bond as the absolute owner of such Building Bond for the purpose of making payments thereon and for all other purposes and neither the Corporation nor the Trustee shall be affected by any notice or knowledge to the contrary, whether such Building Bond or any installment of interest due thereon shall be overdue or not. All payments on account of interest or principal made to the registered owner of any Building Bond in accordance with the terms of this Indenture shall be valid and effectual and shall be a discharge of the Corporation and the Trustee, in respect of the liability upon the Building Bonds or claims for interest to the extent of the sum or sums so paid. Section 2.03. The Trustee shall keep and maintain for the Corporation books for the registration and transfer of the Building Bonds at the Designated Office. The names and registered addresses of the registered owner or owners of the Building Bonds shall at all times be 7