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• <br />• <br />• <br />Section 9. Defeasance. <br />9.01. When all Bonds and all interest thereon, have been discharged as provided in this <br />section, all pledges, covenants and other rights granted by this resolution to the <br />holders of the Bonds will cease, except that the pledge of the full faith and credit of <br />the City for the prompt and full payment of the principal of and interest on the <br />Bonds will remain in full force and effect. The City may discharge all Bonds which <br />are due on any date by depositing with the Registrar on or before that date a sum <br />sufficient for the payment thereof in full. If any Bond should not be paid when due, <br />it may nevertheless be discharged by depositing with the Registrar a sum sufficient <br />for the payment thereof in full with interest accrued to the date of such deposit. <br />293490v1 SJB LN140 -95 <br />(The remainder of this page is intentionally left blank.) <br />16 <br />