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that mailing. Failure to receive notice by mail or any defect in that notice <br /> regarding any Bond, however, shall not affect the validity of the <br /> proceedings for the redemption of any Bond. <br /> (v) Payment of Redeemed Bonds. In the event that notice of <br /> redemption shall have been given by the Bond Registrar to the registered <br /> owners as provided above,there shall be deposited with the Bond Registrar <br /> on or prior to the redemption date, moneys that, in addition to any other <br /> moneys available therefor and held by the Bond Registrar, will be <br /> sufficient to redeem at the redemption price thereof,plus accrued interest to <br /> the redemption date, all of the redeemable Bonds for which notice of <br /> redemption has been given. Notice having been mailed in the manner <br /> provided in the preceding paragraph hereof, the Bonds and portions thereof <br /> called for redemption shall become due and payable on the redemption <br /> date, and, subject to the provisions of subsection (d) of Section 3 and <br /> Section 5, upon presentation and surrender thereof at the place or places <br /> specified in that notice, shall be paid at the redemption price, plus accrued <br /> interest to the redemption date. If moneys for the redemption of all of the <br /> Bonds and portions thereof to be redeemed, together with accrued interest <br /> thereon to the redemption date, are held by the Bond Registrar on the <br /> redemption 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 <br /> the redemption date those Bonds and portions thereof called for redemption <br /> shall cease to bear interest and no longer shall be considered to be <br /> outstanding. If those moneys shall not be so available on the redemption <br /> date, or that notice shall not have been deposited in the mail as aforesaid, <br /> those Bonds and portions thereof shall continue to bear interest, until they <br /> are paid, at the same rate as they would have borne had they not been <br /> called for redemption. All moneys held by the Bond Registrar for the <br /> redemption of particular Bonds shall be held in trust for the account of the <br /> registered owners thereof and shall be paid to them, respectively, upon <br /> presentation and surrender of those Bonds; provided that any interest <br /> earned on the moneys so held by the Bond Registrar shall be for the <br /> account of and paid to the City to the extent not required for the payment of <br /> the Bonds called for redemption. <br /> Section 4. Execution and Authentication of Bonds; Appointment of Bond Registrar. <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 to distinguish <br /> Current Interest Bonds from any Capital Appreciation Bonds, and shall express upon their faces the <br /> purpose, in summary terms, for which they are issued and that they are issued pursuant to this <br /> ordinance and the vote of the electors of the City at the election identified in the first preamble of <br /> this ordinance. <br /> - 11 - <br />