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? ?.r - 3 - A^'N ? If retired only by mandatory sinking fund redemption prior to tlieir stated maturity, there would remain $90,000 principal amount of Bonds due on December 1, 2010, to be paid at maturity. The aggregate of the money to be deposited with the Bond Registrar for payment of principal of and interest on the Bonds shail include amounts s,-if_ficient to redeem the principal amount of Bonds set forth opposite the respective dates in the table above (less the amount of any credit as provided below). The City shall have the option to deliver to the Bond Registrar for cancellation Bonds ttiat mature on December 1, 2010 in any aggregate principal amount and to receive a credit against the then current Mandatory Sinking Fund Requirement (and corresponding mandatory redemption obligation) of the City as set forth in the table above for any Bonds maturing on December l, 2010. That option shall be exercised by the City on or before the forty-fifth day preceding the applicable mandatory redemption date, by furnishing the Bond Registrar a certificate, signed by the Director of Finance, setting forth the extent of the credit to be applied with respect to the then current Mandatory Sinking Fund Requirement. If the certificate is not timely furnished to the Bond Registrar, the Mandatory Sinking Fund Requirement (and corresponding mandatory redemption obiigation) shall not be reduced. A credit against the then current Mandatory Sinking Fund Requirement (and corresponding mandatory redemption obiigation) also shall be received by the City for any Bonds that mature on December 1, 2010, which prior thereto have been redeemed (other than through the operation of the Mandatory Sinking Fund Requirements) or purchased for cancellation and cancelled by the Bond Registrar, to the extent not applied theretofore as a credit against any redemption obligation. Each Bond so delivered, or previously redeemed, or purchased and cancelled, shall be credited by the Bond Registrar at 100% of the principal amount thereof against the then current Mandatory Sinking Fund Requirement (and corresponding mandatory redemption obligation). Any excess of that amount over the then current Mandatory Sinking Fund Requirement shail be credited against subsequent Mandatory Sinking Fund Requirements (and corresponding mandatory redemption obligations) in the order directed by the Director of Finance. (b) Optional Redemption. The Bonds maturing on December 1, 2010 shall be subject to redemption by and at the option of the City, in whole at any time, or in part on any Interest Payment Date, on or after December 1, 2000, in inte- gral multiples of $5,000 at the redemption prices equal to the following per- centages of the principal amount redeemed plus, in each case, accrued interest to the redemption date: Redemption Redemption Dates (inclusive) Price December 1, 2000 through 102% November 30, 2001 December i, 2001 through 101% November 30, 2002 December 1, 2002 and 100% thereafter