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call for redemption thereof to be published as required by law, and at least thirty and not more than 60 days <br />prior to the designated redemption date, shall cause notice of call for redemption to be mailed, by first class <br />mail, to the registered holders of any Bonds, at the holders' addresses as they appear on the bond register <br />maintained by the Bond Registrar, 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 failure. <br />Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be <br />redeemed 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 price) such <br />Bonds or portions of Bonds shall cease to bear interest. Upon partial redemption of any Bond, a new Bond <br />or Bonds will be delivered to the owner without charge, representing the remaining principal amount <br />outstanding. <br />Bonds maturing on February 1, 2028, 2030, 2032, and 2034 (the Term Bonds) shall be subject to <br />mandatory redemption prior to maturity pursuant to the sinking fund requirements of this Section 2.04 at a <br />redemption price equal to the stated principal amount thereof plus interest accrued thereon to the redemption <br />date, without premium. The Registrar shall select for redemption, by lot or other manner deemed fair, on <br />June 1 in each of the following years the following stated principal amounts of such Bonds: <br />Term Bonds Maturing February 1, 2028 <br />Year Principal Amount <br />2027 $175,000 <br />The remaining $180,000 stated principal amount of such Bonds shall be paid at maturity on <br />February 1, 2028. <br />Term Bonds Maturing February 1, 2030 <br />Year Principal Amount <br />2029 $180,000 <br />The remaining $185,000 stated principal amount of such Bonds shall be paid at maturity on <br />February 1, 2030. <br />Term Bonds Maturing February 1. 2032 <br />Year Principal Amount <br />2031 $190,000 <br />The remaining $195,000 stated principal amount of such Bonds shall be paid at maturity on <br />February 1, 2032. <br />Term Bonds Maturing February 1, 2034 <br />Year Principal Amount <br />2033 $200,000 <br />The remaining $205,000 stated principal amount of such Bonds shall be paid at maturity on <br />February 1, 2034. <br />Notice of redemption shall be given as provided in the preceding paragraph. <br />A -2 <br />4852- 7706 -1987\2 <br />