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In the event that any Bonds maturing in the year h4L are redeemed pursuant to(a) above by the City <br /> and canceled by the Registrar and not reissued, the Bonds maturing in the year N/A so redeemed and <br /> canceled may be applied by the City as a credit against the Bonds to be redeemed pursuant to this <br /> subsection (b), such credit to be equal to the principal amount of the Bonds maturing in the year N/A <br /> so redeemed or canceled provided that the City has notified the Register not less than thirty-five (35) <br /> days prior to the redemption date of its election to apply such Bonds as a credit. <br /> (c) Bonds maturing in the year N/A shall be subject to mandatory sinking fund <br /> redemption by lot at a redemption price equal to the principal amount of the Bonds to be so redeemed <br /> plus interest accrued thereon to the date fixed for redemption, on February 1, in the years and principal <br /> amounts set forth below: <br /> Year Amount <br /> N/A N/A <br /> *Final Maturity <br /> In the event that any Bonds maturing in the year N/A are redeemed pursuant to (a) above by the City <br /> and canceled by the Registrar and not reissued, the Bonds maturing in the year N/A so redeemed and <br /> canceled may be applied by the City as a credit against the Bonds to be redeemed pursuant to this <br /> subsection (c), such credit to be equal to the principal amount of the Bonds maturing in the year U/A_ <br /> so redeemed or canceled provided that the City has notified the Register not less than thirty-five (35) <br /> days prior to the redemption date of its election to apply such Bonds as a credit. <br /> (d) At least thirty days prior to the date set for redemption of any Bond, the City shall <br /> cause notice of the call for redemption to be mailed to the Registrar and to the registered owner of each <br /> Bond to be redeemed,-but no defect in or failure to give such mailed notice of redemption shall affect <br /> the validity of proceedings for the redemption of any Bond not affected by such defect or failure. The <br /> notice of redemption shall specify the redemption date, redemption price, the numbers, interest rates <br /> and CUSIP numbers of the Bonds to be redeemed and the place at which the Bonds are to be <br /> surrendered for payment, which is the principal office of the Registrar. Official notice of redemption <br /> having been given as aforesaid, the Bonds or portions thereof so to be redeemed shall, on the <br /> redemption date, become due and payable at the redemption price therein specified and from and after <br /> such date (unless the City shall default in the payment of the redemption price) such Bonds or portions <br /> thereof shall cease to bear interest. <br /> • -ll- <br />