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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 />