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units of principal amount called for redemption (including, without <br />limitation, the interest accrued to the date fixed for redemption), and (ii) for <br />issuance, without charge to the registered owner, of a new Bond or Bonds of <br />any Authorized Denomination or Denominations in an aggregate principal <br />amount 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 call for redemption of <br />Bonds shall identify (A) by designation, letters, numbers or other <br />distinguishing marks, the Bonds or portions thereof to be redeemed, (B) the <br />redemption price to be paid, (C) the date fixed for redemption, and (D) the <br />place or places where the amounts due upon redemption are payable. The <br />notice shall be given by the Bond Registrar on behalf of the City by mailing <br />a copy of the redemption notice by first class mail, postage prepaid, at least <br />30 days prior to the date fixed for redemption, to the registered owner of <br />each Bond subject to redemption in whole or in part at the registered <br />owner's address shown on the Bond Register maintained by the Bond <br />Registrar at the close of business on the fifteenth day preceding that mailing. <br />Failure to receive notice by mail or any defect in that notice regarding any <br />Bond, however, shall not affect the validity of the proceedings for the <br />redemption of any Bond. <br />(v) Payment of Redeemed Bonds. In the event that notice of <br />redemption shall have been given by the Bond Registrar to the registered <br />owners as provided above, there shall be deposited with the Bond Registrar <br />on or prior to the redemption date, moneys that, in addition to any other <br />moneys available therefor and held by the Bond Registrar, will be sufficient <br />to redeem at the redemption price thereof, plus accrued interest to the <br />redemption date, all of the redeemable Bonds for which notice of <br />redemption has been given. Notice having been mailed in the manner <br />provided in the preceding paragraph hereof, the Bonds and portions thereof <br />called for redemption shall become due and payable on the redemption date, <br />and, subject to the provisions of subsection (d) of Section 3 and Section 5, <br />upon presentation and surrender thereof at the place or places specified in <br />that notice, shall be paid at the redemption price, plus accrued interest to the <br />redemption date. If moneys for the redemption of all of the Bonds and <br />portions thereof to be redeemed, together with accrued interest thereon to <br />the redemption date, are held by the Bond Registrar on the redemption date, <br />so as to be available therefor on that date and, if notice of redemption has <br />been deposited in the mail as aforesaid, then from and after the redemption <br />date those Bonds and portions thereof called for redemption shall cease to <br />bear interest and no longer shall be considered to be outstanding. If those <br />moneys shall not be so available on the redemption date, or that notice shall <br />not have been deposited in the mail as aforesaid, those Bonds and portions <br />thereof shall continue to bear interest, until they are paid, at the same rate as <br />-10- <br />