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<br />e <br /> <br />Bonds of each maturity to be prepaid; and if only a portion of <br />the Bonds having a common maturity date are called for <br />prepayment, the specific Bonds to be prepaid shall be chosen by <br />lot by the Bond Registrar. Bonds or portions thereof called for <br />redemption shall be due and payable on the redemption date, and <br />interest thereon shall cease to accrue from and after the <br />redemption date. Published notice of redemption shall in each <br />case be given if and to the extent required by applicable law, <br />and at least 30 days' mailed notice of redemption shall be given <br />to the paying agent and to each affected registered owner of the <br />Bonds. <br /> <br />e <br /> <br />To effect a partial redemption of Bonds having a common <br />maturity date, the Bond Registrar, prior to giving notice of <br />redemption, shall assign to each Bond of that maturity a <br />distinctive number for each $5,000 of the principal amount of <br />such Bond. The Bond Registrar shall then select by lot, using <br />such method of selection as it shall deem proper in its <br />discretion, from the numbers so assigned to such Bonds, as many <br />numbers as, at $5,000 for each number, shall equal the principal <br />amount of such Bonds to be redeemed. The Bonds to be redeemed <br />shall be the Bonds to which were assigned numbers so selected; <br />provided, however, that only so much of the principal amount of <br />each such Bond of a denomination of more than $5,000 shall be <br />redeemed as shall equal $5,000 for each number assigned to it and <br />so selected. If a Bond is to be redeemed only in part, it shall <br />be surrendered to the Bond Registrar (with, if the city or Bond <br />Registrar so requires, a written instrument of transfer in form <br />satisfactory to the City or Bond Registrar duly executed by the <br />registered owner thereof or by the registered owner's attorney, <br />duly authorized in writing) and the City shall execute (if <br />necessary) and the Bond Registrar shall authenticate and deliver <br />to the registered owner of such Bond, without service charge, a <br />new Bond or Bonds of the same series having the same stated <br />maturity and interest rate and of any authorized denomination or <br />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 surrendered. <br /> <br />7. Bond Reqistrar. <br />, in , , is appointed to act as <br />bond registrar and transfer agent with respect to the Bonds (the <br />"Bond Registrar"), and shall do so unless and until a successor <br />Bond Registrar is duly appointed, all pursuant to any contract <br />the City and Bond Registrar shall execute which is consistent <br />herewith. The Bond Registrar shall also serve as paying agent <br />unless and until a successor paying agent is duly appointed. The <br />principal of and interest on the Bonds shall be paid to the <br />registered owners (or record owners) of the Bonds in the manner <br /> <br />e <br /> <br />276396.1 <br /> <br />4 <br />