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(c) Partial Redemption. If fewer than all of the outstanding bonds are
<br />called for redemption at one time, they shall be called in inverse order of their maturities, and if
<br />fewer than all bonds of a single maturity are to be redeemed, the selection of bonds to be
<br />redeemed, or portions thereof in amounts of $5,000 or any integral multiple thereof, shall be
<br />made by lot by the Registrar in any manner which the Registrar may determine. In the case of a
<br />partial redemption of bonds by lot when bonds' of denominations greater than $5,000 are then
<br />outstanding, each $5,000 unit of principal thereof shall be treated as though it were a separate
<br />bond of the denomination of $5,000. If it is determined that one or more, but not all of the
<br />$5,000 units of principal amount represented by a bond are to be called for redemption, then
<br />upon notice of redemption of a $5,000 unit or units, the registered owner of that bond shall
<br />surrender the bond to the Registrar (i) for payment of the redemption price of the $5,000 unit or
<br />units called for redemption (including, without limitation, the interest accrued to the date fixed
<br />for redemption and any premium), and (ii) for issuance, without charge to the registered owner
<br />thereof, of a new bond or bonds of any authorized denominations or denominations in an
<br />aggregate principal amount equal to the matured and unredeemed portion of, and bearing
<br />interest at the same rate and maturing on the same date as, the bond surrendered.
<br />
<br /> (d) Notice of Redemption. The notice of the call for redemption of
<br />bonds shall identify (i) by designation, letters, numbers or other distinguishing marks, the bonds
<br />or portions thereof to be redeemed, (ii) the redemption price to be paid, (iii) the date fixed for
<br />redemption, and (iv) the place or places 'where the amounts due upon redemption are payable.
<br />The notice shall be given by the Registrar on behalf of the City by mailing a copy of the
<br />redemption notice by first Class mail, postage prepaid, at least 30 days prior to the date fixed for
<br />redemption, to the registered owner of each bond subject to redemption in whole or in part at the
<br />registered owner's address shown on the Register maintained by the .Registrar at the close of
<br />business on the 15th day preceding that mailing. Failure to receive notice by mail or any defect
<br />in that notice regarding any bond, however, shall not affect the validity of the proceedings for the
<br />redemption of any bonds.
<br />
<br /> (e) Payment of Redeemed Bonds'. Notice having been mailed in the
<br />manner provided in the preceding paragraph of this ordinance, the bonds and portions thereof
<br />called for redemption shall become due and payable on the redemption date, and, upon
<br />presentation and surrender thereof at the place or places specified in that notice, shall be paid at
<br />the redemption price, plus interest accrued to the redemption date. If moneys for the redemption
<br />of all of the bonds and portions thereof to be redeemed, together with interest accrued thereon to
<br />the redemption date, are held by the Registrar on the redemption date, so as to be available
<br />therefor On that date and, if notice of redemption has been deposited in the mail as aforesaid,
<br />then t~om and after the redemption date those bonds and portions thereof called for redemption
<br />shall cease to bear interest and no longer shall be considered to be outstanding. If those moneys
<br />shall not be so available on the redemption date, or that notice shall not have been deposited in
<br />the mail as aforesaid, those bonds and portions thereof shall continue to bear interest, until they
<br />are paid, at the same rate as they would have borne had they not been called for redemption. All
<br />moneys held by the Registrar for the redemption of particular bonds shall be held in trust for the
<br />account of the registered owners thereof and shall be paid to them, respectively, upon
<br />presentation and surrender of those bonds.
<br />
<br /> SECTION4. Pursuant to Section 133.30(B), Ohio Revised .Code, the Fiscal
<br />Officer may combine the Bonds with other bonds into a single consolidated issue of bonds for
<br />purpOses of their sale as a single issue 'to be designated "Various Purpose General Obligation
<br />Bonds, Series 2001". Such bonds shall contain a summary statement of purposes encompassing
<br />the purpose for which' the Bonds are issued; shall state that they are 'issued pursuant to this
<br />ordinance; shall be executed by the Mayor and by the Fiscal Officer, one or both of whose
<br />signatures may be a facsimile signature; shall be issued only in fully registered form; and shall be
<br />registered as to both principal and interest at the corporate trust office of the Registrar. The
<br />Bonds shall be issued in the denominations and numbers as requested by the Original Purchaser
<br />(as hereinafter defined) and approved by the Fiscal Officer, and shall be numbered as determined
<br />by the Fiscal Officer. The principal on the Bonds shall be payable upon presentation and
<br />surrender to the Registrar. Interest on any Bond shall be paid on each Interest Payment Date by
<br />cheek or draft mailed to the person in whose name that Bond is registered (the "Holder") on the
<br />registration books of the City maintained by the Registrar and at the address appearing thereon at
<br />the close of business of the fifteenth day of the calendar month next preceding the Interest
<br />Payment Date (the "Regular Record Date"). Any interest not timely paid (the "Defaulted
<br />
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