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?_. <br />• ?t <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 Redem tion. 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. T'he 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 in 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 />portions thereof to be redeemed, together with accrued interest <br />thereon to the redemption date, are held by the Bond Registrar on <br />the redemption date, so as to be available therefor on that date <br />and, if notice of redemption has been deposited in the mail as <br />aforesaid, then from and after the redemption date those Bonds and <br />portions thereof called for redemption shall cease to bear interest <br />and no longer shall be considered to be outstanding. If those <br />moneys shall not be so available on the redemption date, or that <br />notice shall not have been deposited in the mail as aforesaid, those <br />Bonds and portions thereof shall continue to bear interest, until <br />they are paid, at the same rate as they would have borne had they <br />not been called for redemption. All moneys held by the Bond <br />Registrar for the redemption of particular Bonds shall be held in <br />trust for the account of the registered owners thereof and shall be <br />-12- <br />D03:[00523.DOCS.NOR05228]BOND_ORDINANCE STREETS $7 840.