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Bonds maturing on February 1, 2028 are subject to mandatory redemption, at a <br /> redemption price equal to their principal amount plus interest accrued thereon to the redemption <br /> date, without premium, on February 1 in each of the years shown below, in an amount equal to <br /> the following principal amounts: <br /> Bonds Maturing on February 1, 2028 <br /> Sinking Fund Aggregate <br /> Payment Date Principal Amount <br /> 2/01/2027 $165,000 <br /> 2/01/2028 170,000 <br /> Prior to the date set for redemption of any Bond prior to its stated maturity date, the City <br /> Finance Director shall cause notice of the call for redemption thereof to be published as required <br /> by law and, not more than sixty (60) and not fewer than thirty (30) days prior to the designated <br /> redemption date, shall cause notice of the call to be mailed to the registered holders of any Bonds <br /> to be redeemed at their addresses as they appear on the bond register described in Section 2.03 <br /> hereof, but no defect in or failure to give such mailed notice of redemption shall affect the <br /> validity of proceedings for the redemption of any Bond not affected by such defect or failure. <br /> The notice of 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 which the Bonds <br /> are to be surrendered for payment, which is the principal office of the Registrar. Official notice <br /> of redemption having been given as aforesaid, the Bonds or portions thereof so to be redeemed <br /> shall, on the redemption date, become due and payable at the redemption price therein specified <br /> and from and after such date (unless the City shall default in the payment of the redemption <br /> 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 <br /> integral multiple of$5,000. The owner of any Bond redeemed in part shall receive without <br /> charge, upon surrender of such Bond to the Registrar, one or more new Bonds of such same <br /> series in authorized denominations equal in principal amount to the unredeemed portion of the <br /> Bond so surrendered. <br /> 2.06. Execution, Authentication and Delivery. behalf of the City by the <br /> signatures of the Mayor and the City Manager; provided that said signatures may be printed, <br /> engraved, or lithographed facsimiles thereof. In case any officer whose signature, or a facsimile <br /> of whose signature, shall appear on the Bonds shall cease to be such officer before the delivery <br /> of any Bond, such signature or facsimile shall nevertheless be valid and sufficient for all <br /> purposes, the same as if such officer had remained in office until delivery. Notwithstanding such <br /> execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or <br /> benefit under this Resolution unless and until a certificate of authentication on such Bond has <br /> been duly executed by the manual signature of an authorized representative of the Registrar. <br /> Certificates of authentication on different Bonds need not be signed by the same representative. <br /> The executed certificate of authentication on each Bond shall be conclusive evidence that it has <br /> -7- <br />