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• or if less than such amount of Bonds maturing in the year 2004 are outstanding on <br /> such redemption date, an amount equal to the aggregate principal amount of Bonds <br /> maturing in the year 2004 then outstanding shall be redeemed on such date. <br /> Bonds maturing in the year 2007 are subject to mandatory redemption <br /> prior to their stated maturity in part, by lot selected by the Registrar, on January 1 in <br /> the years and principal amounts set forth below at a redemption price equal to the <br /> principal amount thereof to be redeemed plus accrued interest to the date of <br /> redemption: <br /> Year Principal Amount <br /> 2005 $65,000 <br /> 2006 65,000 <br /> 2007 (final maturity) 70,000 <br /> or if less than such amount of Bonds maturing in the year 2007 are outstanding on <br /> such redemption date, an amount equal to the aggregate principal amount of Bonds <br /> maturing in the year 2007 then outstanding shall be redeemed on such date. <br /> Bonds maturing in the year 2012 are subject to mandatory redemption <br /> prior to their stated maturity in part, by lot selected by the Registrar, on January 1 in <br /> • the years and principal amounts set forth below at a redemption price equal to the <br /> principal amount thereof to be redeemed plus accrued interest to the date of <br /> redemption: <br /> Year Principal Amount <br /> 2008 $75,000 <br /> 2009 80,000 <br /> 2010 85,000 <br /> 2011 90,000 <br /> 2012 (final maturity) 95,000 <br /> or if less than such amount of Bonds maturing in the year 2012 are outstanding on <br /> such redemption date, an amount equal to the aggregate principal amount of Bonds <br /> maturing in the year 2012 then outstanding shall be redeemed on such date. <br /> At least thirty days prior to the date set for redemption of any Bond, the <br /> City shall cause notice of the call for redemption to be mailed to the Registrar and to <br /> the registered owner of each Bond to be redeemed, but no defect in or failure to give <br /> such mailed notice of redemption shall affect the validity of proceedings for the <br /> 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 /> • <br /> -13- <br />