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<br />Registrar, will be sufficient to redeem at the redemption price thereof, plus
<br />interest accrued to the redemption date, all of the redeemable Bonds for which
<br />notice of redemption has been given.
<br />(c) Partial Redemption. If fewer than all of the outstanding Bonds
<br />are called for redemption at one time, they shall be called in inverse order
<br />of their maturities. If fewer than all Bonds of a single maturity are to be
<br />redeemed, the selection of Bonds to be redeemed, or portions thereof in
<br />amounts of the minimum Authorized Denomination or any integral muitiple
<br />thereof, shall be made by lot in a manner determined by the Bond Registrar.
<br />In the case of a partial redemption of Bonds by lot when Bonds of
<br />denominations greater than the minimum Authorized Denomination are then
<br />outstanding, each unit of principal thereof equal to the minimum Authorized
<br />Denomination shall be treated as though it were a separate Bond of the
<br />denomination of the minimum Authorized Denomination. If it is determined that
<br />one or more, but not all of such units of principal amount represented by a
<br />Bond are to be called for redemption, then upon notice of redemption of a unit
<br />or units equal to the minimum Authorized Denomination, the registered owner of
<br />that Bond sha11 surrender the Bond to the Bond Registrar (i) for payment of
<br />the redemption price of the unit or units equal to the minimum Authorized
<br />Denomination called for redemption (including, without limitation, the
<br />interest accrued to the date fixed for redemption and any premium), and (ii)
<br />for issuance, without charge to the registered owner thereof, of a new Bond or
<br />Bonds of any Authorized Denomination or Denominations in an aggregate
<br />principal 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 />(d) Notice of Redemption. The notice of the call for redemption of
<br />Bonds shall identify (i) by designation, letters, numbers or other distin-
<br />guishing marks, the Bonds or portions thereof to be redeemed, (ii) the redemp-
<br />tion price to be paid, (iii) the date fixed for redemption, and (iv) the place
<br />or places where the amounts due upon redemption are payable. The notice shall
<br />be given by the Bond Registrar on behalf of the City by mailing a copy of the
<br />redemption notice by first class mail, postage prepaid, at least 30 days prior
<br />to the date fixed for redemption, to the registered owner of each Bond subject
<br />to redemption in whole or in part at the registered owner's address shown on
<br />the Bond Register maintained by the Bond Registrar at the close of business on
<br />the 15th day preceding that mailing. Failure to receive notice by mail or any
<br />defect in that notice regarding any Bond, however, shall not affect the valid-
<br />ity of the proceedings for the redemption of any Bond.
<br />(e) Payment of Redeemed Bonds. Notice having been mailed in the
<br />manner provided in the preceding paragraph hereof, the Bonds and portions
<br />thereof called for redemption shall become due and payable on the redemption
<br />date, and, upon presentation and surrender thereof at the place or places
<br />specified in that notice, shall be paid at the redemption price, plus interest
<br />accrued to the redemption date. If money for the redemption of all of the
<br />Bonds and portions thereof to be redeemed, together with interest accrued
<br />thereon to the redemption date, is held by the Bond Registrar on the redemp-
<br />tion date, so as to be available therefor on that date and, if notice of
<br />redemption has been deposited in the mail as aforesaid, then from and after
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