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v. ,..~.~ .~ ,..., .. ..~.~ ~.„„„_..._ ~,„.._ r ._m, ,..~.._.. __..dT._~ .~~ ~.M.a.~~.w ..... <br /> <br />the Refunded Bonds, taking into account all expenses related to that <br />refunding and the issuance of the Bonds. <br />(d) Payment of Debt Charges. The debt charges on the Bonds shall <br />be payable in lawful money of the United States of America without <br />deduction for the services of the Bond Registrar as paying agent. <br />Principal of the Current Interest Bonds, and principal of and interest on <br />any Capital Appreciation Bonds, shall be payable when due upon <br />presentation and surrender of the Bonds at the designated corporate trust <br />office of the Bond Registrar. Interest on a Current Interest Bond shall be <br />paid on each Interest Payment Date by check or draft mailed to the <br />person in whose name the Bond was registered, and to that person's <br />address appearing, on the Bond Register at the close of business on the <br />15th day of the calendar month next preceding that Interest Payment <br />Date. Notwithstanding the foregoing, if and so long as the Bonds are <br />issued in a book entry system, principal of and interest on the Bonds <br />shall be payable in the manner provided in any agreement entered into by <br />the Director of Finance, in the name and on behalf of the City, in <br />connection with the book entry system. <br />The City reserves the right to order the Bond Registrar to return to it <br />any money held by the Bond Registrar for the payment of (i) checks or <br />drafts for the payment of interest on the Bonds or (ii) principal of Bonds, <br />which checks, drafts or Bonds have not been presented for payment <br />within four years following the date on which payment of the interest or <br />principal represented thereby came due. Thereafter, the registered <br />owners shall look only to the City for payment of the interest and <br />principal represented by those checks, drafts and Bonds. <br />(e) Redemption Provisions. The Capital Appreciation Bonds, if any, <br />shall not be subject to redemption prior to stated maturity. <br />Except as otherwise provided in the Certificate of Award consistently <br />with the determination by the Mayor and the Director of Finance of the <br />best interest of and financial advantages to the City, the Current Interest <br />Bonds shall be subject to redemption prior to stated maturity as follows: <br />-7- <br />