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amount thereof to be redeemed plus interest accrued to the date of redemption. At <br /> least thirty days prior to the date set for redemption of any Bond, the City Finance <br /> Director shall cause notice of the call for redemption to be mailed to the Registrar <br /> and to the registered owner of each Bond to be redeemed, but no defect in or failure <br /> to give such mailed notice of redemption shall affect the validity of proceedings for <br /> the redemption of any Bond not affected by such defect or failure. The notice of <br /> redemption shall specify the redemption date, redemption price, the numbers, <br /> interest rates and CUSIP numbers of the Bonds to be redeemed and the place at <br /> which the Bonds are to be surrendered for payment, which is the principal office of <br /> the Registrar. Official notice of redemption having been given as aforesaid, the <br /> Bonds or portions thereof so to be redeemed shall, on the redemption date, become <br /> due and payable at the redemption price therein specified and from and after such <br /> date (unless the City shall default in the payment of the redemption price) such <br /> Bonds or portions thereof shall cease to bear interest. <br /> In addition to the notice prescribed by the preceding paragraph, the City <br /> shall also give, or cause to be given, notice of the redemption of any Bond or Bonds <br /> or portions thereof at least 35 days before the redemption date by certified mail or <br /> telecopy to the Purchaser and all registered securities depositories then in the <br /> business of holding substantial amounts of obligations of the character of the Bonds <br /> (such depositories now being The Depository Trust Company, of Garden City, New <br /> York; Midwest Securities Trust Company, of Chicago, Illinois; Pacific Securities <br /> Depository Trust Company, of San Francisco, California; and Philadelphia <br /> Depository Trust Company, of Philadelphia, Pennsylvania) and one or more <br /> national information services that disseminate information regarding municipal <br /> bond redemptions; provided that any defect in or any failure to give any notice of <br /> redemption prescribed by this paragraph shall not affect the validity of the <br /> proceedings for the redemption of any Bond or portion thereof. <br /> Bonds in a denomination larger than $5,000 may be redeemed in part <br /> in any integral multiple of $5,000. The owner of any Bond redeemed in part shall <br /> receive, upon surrender of such Bond to the Registrar, one or more new Bonds of <br /> such same series in authorized denominations equal in principal amount to the <br /> unredeemed portion of the Bond so surrendered. <br /> 3.06. Preparation and Delivery. The Bonds shall be prepared under, the <br /> direction of the City Finance Director and shall be executed on behalf of the City y <br /> the signatures of the Mayor and the City Manager. In case any officer whose <br /> signature shall appear on the Bonds shall cease to be such officer before the delivery <br /> of any Bond, such signature shall nevertheless be valid and sufficient for all <br /> purposes, the same as if such officer had remained in office until delivery. <br /> Notwithstanding such execution, no Bond shall be valid or obligatory for any <br /> purpose or entitled to any security or benefit under this resolution unless and until <br /> a certificate of authentication on such Bond has been duly executed by the manual <br /> -11- <br />