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i <br />ON REVERSE OF BOND <br />Redemption. All Bonds of this issue maturing after <br />March 1, 1997, are subject to redemption and prepayment at the <br />option of the City on said date and on any Interest Payment <br />Date thereafter at a price of par plus accrued interest to <br />date of redemption. Redemption may be in whole or in part of <br />the Bonds subject to prepayment. If redemption is in part, <br />those Bonds remaining unpaid which have the latest maturity <br />date shall be prepaid first; and if only part of the Bonds <br />having a common maturity date are called for prepayment, the <br />Bonds of that maturity to be prepaid shall be chosen by lot by <br />the Bond Registrar. Bonds or portions thereof called for <br />redemption shall be due and payable on the redemption date, <br />and interest thereon shall cease to accrue from and after the <br />redemption date. Published notice of redemption shall in each <br />case be given in accordance with law, and mailed notice of <br />redemption shall be given to the paying agent and to each <br />affected registered owner of the Bonds. <br />Selection of Bonds for Redemption; Partial <br />Redemption. To effect a partial redemption of Bonds having a <br />common maturity date, the Bond Registrar shall assign to each <br />Bond of that maturity a distinctive number for each $5,000 of <br />the principal amount of such Bond. The Bond Registrar shall <br />then select by lot, using such method of selection as it shall <br />deem proper in its discretion, from the numbers assigned to <br />the Bonds, as many numbers as, at $5,000 for each number, <br />shall equal the principal amount of such Bonds to be redeemed. <br />The Bonds to be redeemed shall be the Bonds to which were <br />assigned numbers so selected; provided, however, that only so <br />much of the principal amount of such Bond of a denomination of <br />more than $5,000 shall be redeemed as shall equal $5,000 for <br />each number assigned to it and so selected. If a Bond is to <br />be redeemed only in part, it shall be surrendered to the Bond <br />Registrar (with, if the City or Bond Registrar so requires, a <br />written instrument of transfer in form satisfactory to the <br />City or Bond Registrar duly executed by the registered owner <br />thereof or the registered owner's attorney duly authorized in <br />writing), and the City shall execute (if necessary) and the <br />Bond Registrar shall authenticate and deliver to the <br />registered owner of such Bond, without service charge, a new <br />Bond or Bonds of the same series having the same stated <br />maturity and interest rate and of any authorized denomination <br />or denominations, as requested by such registered owner, in <br />aggregate principal amount equal to and in exchange for the <br />unredeemed portion of the principal of the Bond so <br />surrendered. <br />11 <br />