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due and payable at the redemption price therein specified and from and after such <br /> date (unless the City shall default in the payment of the redemption price) such <br /> Bonds or portions thereof shall cease to bear interest. <br /> In addition to the notice prescribed by the preceding paragraph, the City <br /> shall also give, or cause to be given, notice of the redemption of any Bond or Bonds <br /> or portions thereof at least 35 days before the redemption date by certified mail or <br /> telecopy to the Purchaser and all registered securities depositories then in the <br /> business of holding substantial amounts of obligations of the character of the Bonds <br /> (such depositories now being The Depository Trust Company, of Garden City, New <br /> York; Midwest Securities Trust Company, of Chicago, Illinois; Pacific Securities <br /> Depository Trust Company, of San Francisco, California; and Philadelphia <br /> Depository Trust Company, of Philadelphia, Pennsylvania) and one or more <br /> national information services that disseminate information regarding municipal <br /> bond redemptions; provided that any defect in or any failure to give any notice of <br /> redemption prescribed by this paragraph shall not affect the validity of the <br /> proceedings for the redemption of any Bond or portion thereof. <br /> Bonds in a denomination larger than $5,000 may be redeemed in part <br /> in any integral multiple of $5,000. The owner of any Bond redeemed in part shall <br /> receive, upon surrender of such Bond to the Registrar, one or more new Bonds of <br /> such same series in authorized denominations equal in principal amount to the <br /> unredeemed portion of the Bond so surrendered. <br /> 3.06. Preparation and Delivery. The Bonds shall be prepared under the <br /> direction of the City Clerk and shall be executed on behalf of the City by the <br /> signatures of the Mayor and the City Clerk, and shall be sealed with the official <br /> corporate seal of the City. In case any officer whose signature shall appear on the <br /> Bonds shall cease to be such officer before the delivery of any Bond, such signature <br /> shall nevertheless be valid and sufficient for all purposes, the same as if such officer <br /> had remained in office until delivery. Notwithstanding such execution, no Bond <br /> shall be valid or obligatory for any purpose or entitled to any security or benefit <br /> under this resolution unless and until a certificate of authentication on such Bond <br /> has been duly executed by the manual signature of the Registrar, or in the event the <br /> City Clerk is no longer acting as Registrar, an authorized representative of the <br /> Registrar. Certificates of authentication on different Bonds need not be signed by the <br /> same representative. The executed certificate of authentication on each Bond shall <br /> be conclusive evidence that it has been authenticated and delivered under this <br /> resolution. When the Bonds have been so executed and authenticated, they shall be <br /> delivered by the City Clerk to the Purchaser upon payment of the purchase price in <br /> accordance with the contract of sale heretofore made and executed, and the <br /> Purchaser shall not be obligated to see to the application of the purchase price. <br /> -11- <br />