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Redemption. All Bonds of this issue maturing after <br />January 1, 2004are subject to redemption and prepayment at the <br />option of the City on said date and on any date thereafter at a <br />price of par plus accrued interest to date of redemption. Such <br />optional redemption may be in whole or in part of the Bonds <br />subject to prepayment, and if in part, the City shall determine <br />the amount of Bonds of each maturity to be prepaid; and if only <br />part of the Bonds having a common maturity date are called for <br />prepayment, the Bonds of that maturity to be prepaid shall be <br />chosen by lot by the Bond Registrar. <br />All Bonds maturing on January 1, 2014, shall be subject to <br />mandatory sinking fund redemption, at a redemption price of par <br />plus accrued interest to date of redemption, on January 1 in the <br />years and amounts as follows: <br />Years Amounts <br />2009 <br />$250,000 <br />2010 <br />275,000 <br />2011 <br />300,000 <br />2012 <br />325,000 <br />2013 <br />350,000 <br />2014 <br />375,000 (maturity) <br />Bonds or portions thereof called for redemption shall be due <br />and payable on the redemption date, and interest thereon shall <br />cease to accrue from and after the redemption date. Published <br />notice of redemption shall in each case be given if and to the <br />extent required by applicable law, and mailed notice of <br />redemption shall be given to the paying agent and to each <br />affected registered owner of the Bonds. <br />To effect a partial redemption of Bonds having a common maturity <br />date, including both optional and mandatory sinking fund <br />redemption thereof, the Bond Registrar shall assign to each Bond <br />of that maturity a distinctive number for each $5,000 of the <br />principal amount of such Bond. The Bond Registrar shall then <br />select by lot, using such method of selection as it shall deem <br />proper in its discretion, from the numbers assigned to the Bonds, <br />as many numbers as, at $5,000 for each number, shall equal the <br />principal amount of such Bonds to be redeemed. The Bonds to be <br />redeemed shall be the Bonds to which were assigned numbers so <br />selected; provided, however, that only so much of the principal <br />amount of such Bond of a denomination of more than $5,000 shall <br />be redeemed as shall equal $5,000 for each number assigned to it <br />and so selected. If a Bond is to be redeemed only in part, it <br />shall be surrendered to the Bond Registrar (with, if the City or <br />Bond Registrar so requires, a written instrument of transfer in <br />244U2 <br />