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• In the event that any Bonds maturing in the year 2011 are redeemed pursuant to (a) above by the <br /> City and canceled by the Registrar and not reissued, the Bonds maturing in the year 2011 so <br /> redeemed and canceled may be applied by the City as a credit against the Bonds to be redeemed <br /> pursuant to this subsection (c), such credit to be equal to the principal amount of the Bonds <br /> maturing in the year 2011 so redeemed or canceled provided that the City has notified the <br /> Register not less than thirty-five(35) days prior to the redemption date of its election to apply <br /> such Bonds as a credit. <br /> (d) Bonds maturing in the year 2013 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 <br /> redeemed plus interest accrued thereon to the date fixed for redemption, on April 1, in the years <br /> and principal amounts set forth below: <br /> Year Amount <br /> 2012 $65,000 <br /> 2013* 65,000 <br /> *Final Maturity <br /> In the event that any Bonds maturing in the year 2013 are redeemed pursuant to (a) above by the <br /> City and canceled by the Registrar and not reissued, the Bonds maturing in the year 2013 so <br /> redeemed and canceled may be applied by the City as a credit against the Bonds to be redeemed <br /> pursuant to this subsection (d), such credit to be equal to the principal amount of the Bonds <br /> maturing in the year 2013 so redeemed or canceled provided that the City has notified the <br /> Register not less than thirty-five(35) days prior to the redemption date of its election to apply <br /> such Bonds as a credit. <br /> (e) Bonds maturing in the year 2015 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 <br /> redeemed plus interest accrued thereon to the date fixed for redemption, on April 1, in the years <br /> and principal amounts set forth below: <br /> Year Amount <br /> 2014 $65,000 <br /> 2015* 65,000 <br /> *Final Maturity <br /> In the event that any Bonds maturing in the year 2015 are redeemed pursuant to (a) above by the <br /> City and canceled by the Registrar and not reissued, the Bonds maturing in the year 2015 so <br /> redeemed and canceled may be applied by the City as a credit against the Bonds to be redeemed <br /> pursuant to this subsection (e), such credit to be equal to the principal amount of the Bonds <br /> -11- <br />