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<br />~ .. <br /> <br />. <br /> <br />e <br /> <br />called for redemption by depositing such notice in the united <br />states mail, postage prepaid, addressed to each such registered <br />owner at his address shown on the registration books of the <br />Paying Agent/Registrar (hereinafter defined) and (ii) a notice of <br />such redemption shall be published one time in a financial' <br />journal or publication of general circulation in the united <br />states of America carrying as a regular feature notices of <br />municipal bonds called for redemption: provided, however, that <br />the failure to send, mail, or receive such notice described in <br />(i) above, or any defect therein or in the sending or mailing <br />thereof, shall not affect the validity or effectiveness of the <br />proceedings for the redemption of any Bond, and the publication <br />of notice as described in (ii) above shall be the only notice <br />actually required in connection with or as a prerequisite to the <br />redemption of any Bonds. By the date fixed for any such re- <br />demption due provision shall be made by the City with the Paying <br />Agent/Registrar for the payment of the required redemption price <br />for the Bonds or the portions thereof which are to be so <br />redeemed, plus accrued interest thereon to the date fixed for <br />redemption. If such notice of redemption is given, and if due <br />provision for such payment is made, all as provided above, the <br />Bonds, or the portions thereof which are to be so redeemed, <br />thereby automatically shall be redeemed prior to their scheduled <br />maturities, and shall not bear interest after the date fixed for <br />their redemption, and shall not be regarded as being outstanding <br />except for the right of the registered owner to receive the <br />redemption price plus accrued interest to the date fixed for <br />redemption from the Paying Agent/Registrar out of the funds <br />provided for such payment. The Paying Agent/Registrar shall <br />record in the Registration Books all such redemptions of <br />principal of the Bonds or any portion thereof. If a portion of <br />any Bond shall be redeemed a substitute Bond or Bonds having the <br />same maturity date, bearing interest at the same rate, in any <br />denomination or denominations in any integral multiple of $5,000, <br />at the written request of the registered owner, and in an <br />aggregate principal amount equal to the unreserved portion <br />thereof, will be issued to the registered owner upon the <br />surrender thereof for cancellation, at the expense of the City <br />all as provided in this Ordinance. <br /> <br />section 4. INTEREST. The Bonds scheduled to mature during <br />the years, respectively, set forth below shall bear interest at <br />the following rates per annum: <br /> <br />3 <br />