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Section 9. Defeasance. When all of the Bonds and all interest thereon have been discharged as <br />provided in this section, all pledges, covenants, and other rights granted by this resolution to the holders of the <br />Bonds shall cease, except that the pledge of the full faith and credit of the City for the prompt and full payment <br />of the principal of and interest on the Bonds shall remain in full force and effect. The City may discharge all <br />Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for <br />the payment thereof in full. If any Bond should not be paid when due, it may nevertheless be discharged by <br />depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date <br />of such deposit. <br />(The remainder of this page is intentionally left blank). <br />15 <br />Page 48 of 142 <br />