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when Bonds of denominations greater than $5,000 are then
<br />outstanding, each $5,000 unit of principal thereof sha11 be treated as if
<br />it were a separate Bond of the denomination of $5,000. If it is
<br />deternuned that one or more, but not a11, of the $5,000 units of
<br />principal amount represented by a Bond aze to be called for
<br />redemption, then, upon notice of redemption of a$5,000 unit or units,
<br />the registered owner of that Bond shall surrender the Bond to the
<br />Bond Registrar (i) for payment of the redemption price of the $5,000
<br />unit or units of principal amount called for redemption (including,
<br />without limitation, the interest accrued to the date fixed for
<br />redemption and any premium), and (ii) for issuance, without charge to
<br />the registered owner, of a new Bond or Bonds of any Authorized
<br />Denomination or Denominations in an aggregate principal amount
<br />equal to the unmatured and unredeemed portion of, and bearing
<br />interest at the same rate and maturing on the same date as, the Bond
<br />surrendered.
<br />(iv) Notice of Redemption. The notice of the ca11 for
<br />redemption of Bonds shall identify (A) by designation, letters,
<br />numbers or other distinguishing mazks, the Bonds or portions thereof
<br />to be redeemed, (B) the redemption price to be paid, (C) the date fixed
<br />for redemption, and (D) the place or places where the amounts due
<br />upon redemption are payable. The notice shall be given by the Bond
<br />Registrar on behalf of the City by mailing a copy of the redemption
<br />notice by first class mail, postage prepaid, at least 30 days prior to the
<br />date fixed for redemption, to the registered owner of each Bond
<br />subject to redemption in whole or in part at the registered owner's
<br />address shown on the Bond Register maintained by the Bond
<br />Registrar at the close of business on the fifteenth day preceding that
<br />mailing. Failure to receive notice by mail or any defect in that notice
<br />regazding any Bond, however, shall not affect the validity of the
<br />proceedings for the redemption of any Bond.
<br />(v) Pavment of Redeemed Bonds. In the event that notice of
<br />redemption sha11 have been given by the Bond Registrar to the
<br />registered owners as provided above, there shall be deposrted with the
<br />Bond Registrar on or prior to the redemption date, moneys that, in
<br />addition to any other moneys available therefor and held by the Bond
<br />Registrar, will be sufficient to redeem at the redemption pnce thereof,
<br />plus accrued interest to the redemption date, all of the redeemable
<br />Bonds for which notice of redemption has been given. Notice having
<br />been mailed in the manner provided in the preceding paragraph hereof,
<br />the Bonds and portions thereof called for redemption sha11 become
<br />due and payable on the redemption date, and, subject to the provisions
<br />of subsection (d) of Section 3, upon presentation and surrender thereof
<br />at the place or places specified in that notice, shall be paid at the
<br />redemption price, plus accrued interest to the redemption date. If
<br />moneys for the redemption of all of the Bonds and portions thereof to
<br />be redeemed, together with accrued interest thereon to the redemption
<br />date, aze held by the Bond Registrar on the redemption date, so as to
<br />be available therefor on that date and, if notice of redemption has been
<br />deposited in the mail as aforesaid, then from and after the redemption
<br />date those Bonds and portions thereof called for redemption shall
<br />cease to bear interest and no longer shall be considered to be
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