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.. ? ?.. . _ <br /> ? <br />thereof, shall be made by the Bond Registrar by lot in a manner <br />determined by the Bond Registrar. In the case of a partial <br />redemption of Bonds by lot when Bonds of denominations greater <br />than $5,000 are then outstanding, each $5,000 unit of principal <br />thereof shall be treated as if it were a separate Bond of the <br />denomination of $5,000. If it is determined that one or more, but <br />not all, of the $5,000 units of principal amount represented by a <br />Bond are to be called for redemption, then, upon notice of <br />redemption of a$5,000 unit or units, the registered owner of that <br />Bond shall surrender the Bond to the Bond Registrar (i) for <br />payment of the redemption price of the $5,000 unit or units of <br />principal amount called for redemption (including, without <br />limitation, the interest accrued to the date fixed for redemption and <br />any premium), and (ii) for issuance, without charge to the <br />registered owner, of a new Bond or Bonds of any Authorized <br />Denomination or Denominations in an aggregate principal amount <br />equal to the unmatured and unredeemed portion of, and bearing <br />interest at the same rate and maturing on the same date as, the <br />Bond surrendered. <br />(iv) Notice of Redemption. The notice of the call for <br />redemption of Bonds shall identify (A) by designation, letters, <br />numbers or other distinguishing marks, the Bonds or portions <br />thereof to be redeemed, (B) the redemption price to be paid, (C) <br />the date fixed for redemption, and (D) the place or places where <br />the amounts due upon redemption are payable. The notice shall be <br />given by the Bond Registrar on behalf of the City by mailing a <br />copy of the redemption notice by first class mail, postage prepaid, <br />at least 30 days prior to the date fixed for redemption, to the <br />registered owner of each Bond subject to redemption in whole or <br />in part at the registered owner's address shown on the Bond <br />Register maintained by the Bond Registrar at the close of business <br />on the fifteenth day preceding that mailing. Failure to receive <br />notice by mail or any defect in that notice regarding any Bond, <br />however, shall not affect the validity of the proceedings for the <br />redemption of any Bond. <br />(v) Pavment of Redeemed Bonds. In the event that notice <br />of 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 <br />that, in addition to any other moneys available therefor and held <br />by the Bond Registrar, will be sufficient to redeem at the <br />redemption price thereof, plus accrued interest to the redemption <br />date, all of the redeemable Bonds for which notice of redemption <br />has been given. Notice having been mailed in the manner <br />provided m the preceding paragraph hereof, the Bonds and <br />portions thereof called for redemption shall become due and <br />payable on the redemption date, and, subject to the provisions of <br />subsection (d) of Section 3, upon presentation and surrender <br />thereof at the place or places specified in that notice, shall be paid <br />at the redemption price, plus accrued interest to the redemption <br />date. If moneys for the redemption of all of the Bonds and <br />-9- <br />D03:[00523.DOCS.NOR05228]BOND_ORDINANCE STREETS_$3_920.