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Redemption. All Bonds of this issue maturing after <br /> January 1, 2004, are 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 $250, 000 <br /> 2010 275,000 <br /> 2011 300, 000 <br /> 2012 325,000 <br /> 2013 350,000 <br /> 2014 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 /> Selection of Bonds for Redemption; Partial Redemption. <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 /> 244882 <br /> 9 <br />