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redeemed plus interest accrued thereon to the date fixed for redemption, on February 1, in the <br /> years and principal amounts set forth below: <br /> Year Amount <br /> *Final Maturity <br /> In the event that any Bonds maturing in the year are redeemed pursuant to (a) above by <br /> the City and canceled by the Registrar and not reissued, the Bonds maturing in the year 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 (b), such credit to be equal to the principal amount of the Bonds <br /> maturing in the year 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 /> At least thirty days prior to the date set for redemption of any Bond, the City shall cause <br /> 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 <br /> affect the validity of proceedings for the redemption of any Bond not affected by such defect or <br /> failure. The notice of redemption shall specify the redemption date, redemption price, the <br /> numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at which <br /> the Bonds are to be surrendered for payment, which is the principal office of the Registrar. <br /> Official notice of redemption having been given as aforesaid, the Bonds or portions thereof so to <br /> be redeemed shall, on the redemption date, become due and payable at the redemption price <br /> therein specified and from and after such date (unless the City shall default in the payment of the <br /> redemption price) such Bonds or portions thereof shall cease to bear interest. <br /> Bonds in a denomination larger than $5,000 may be redeemed in part in any integral <br /> multiple of$5,000. The owner of any Bond redeemed in part shall receive without charge, upon <br /> surrender of such Bond to the Registrar, one or more new Bonds in authorized denominations <br /> equal in principal amount to be unredeemed portion of the Bond so surrendered. <br /> 3.06. Preparation and Delivery. The Bonds shall be prepared under the direction of the <br /> City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the <br /> City Manager; provided that said signatures may be printed, engraved, or lithographed facsimiles <br /> thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on <br /> the Bonds shall cease to be such officer before the delivery of any Bond, such signature or <br /> facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer <br /> had remained in office until delivery. Notwithstanding such execution, no Bond shall be valid or <br /> -9- <br />