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(v) Payment of Redeemed Bonds. In the event that notice of <br />redemption shall have been given by the Bond Registrar to the <br />registered owners as provided above, there shall be deposited with <br />the Bond Registrar on or prior to the redemption date, moneys that, <br />in addition to any other moneys available therefor and held by the <br />Bond Registrar, will be sufficient to redeem at the redemption price <br />thereot plus accrued interest to the redemption date, all of the <br />redeemable Bonds for which notice of redemption has been given. <br />Notice having been mailed in the manner provided in the preceding <br />paragraph hereof the Bonds and portions thereof called for <br />redemption shall become due and payable on the redemption date, <br />and, subject to the provisions of subsection (d) of Section 3, upon <br />presentation and surrender thereof at the place or places specified in <br />that notice, shall be paid at the redemption price, plus accrued <br />interest to the redemption date. If moneys for the redemption of all <br />of the Bonds and portions thereof to be redeemed, together with <br />accrued interest thereon to the redemption date, are held by the Bond <br />Registrar on the redemption date, so as to be available therefor on <br />that date and, if notice of redemption has been deposited in the mail <br />as aforesaid, then from and after the redemption date those Bonds <br />and portions thereof called for redemption shall cease to bear interest <br />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 <br />not have been deposited in the mail as afaresaid, those Bonds and <br />portions thereof shall continue to bear interest, until they are paid, at <br />the same rate as they would have borne had they not been called for <br />redemption. All moneys held by the Bond Registrar for the <br />redemption of particular Bonds shall be held in trust for the account <br />of the registered owners thereof and shall be paid to them, <br />respectively, upon presentation and suirender of those Bonds, <br />provided that any interest eamed on the moneys so held by the Bond <br />Registrar shall be for the account of and paid to the City to the extent <br />not required for the payment of the Bonds called for redemption. <br />Section 4. Execution and Authentication of Bonds Appointment of Bond Re ig strar. <br />The Bonds shall be signed by the Mayor and the Director of Finance, in the name of the City and in <br />their official capacities, provided that either or both of those signatures may be a facsimile. The <br />Bonds shall be issued in the Authorized Denominations and numbers as requested by the Original <br />Purchaser and approved by the Director of Finance, shall be numbered as determined by the <br />Director of Finance in order to distinguish each Bond from any other Bond, and shall eacpress upon <br />their faces the purpose, in summary terms, for which they are issued and that they are issued <br />pursuant to this ordinance. <br />National City Bank, Cleveland, Ohio, is appointed to act as the initial Bond <br />Registrar. The Director of Finance shall sign and deliver, in the name and on behalf of the City and <br />in her official capacity, the Registrar Agreement between the City and the Bond Registrar, in <br />-9-