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prior to the date fixed for payment of such past due interest, and notice of the date of payment <br /> and the Special Record Date shall be sent by United States mail, first class, postage prepaid, not <br /> later than five (5) days prior to the Special Record Date, to each affected Registered Owner as of <br /> the close of business on the day prior to mailing of such notice. <br /> Section 3.3: Numbers, Denomination, Interest Rates and Maturities. The <br /> Certificates shall be initially issued bearing the numbers, in the principal amounts and bearing <br /> interest at the rates set forth in the following schedule, and may be transferred and exchanged as <br /> set out in this Ordinance. The Certificates shall mature on March 15 in each of the years and in <br /> the amounts set out in such schedule. Certificates delivered in transfer of or in exchange for <br /> other Certificates shall be numbered in order of their authentication by the Paying <br /> Agent/Registrar, shall be in the denomination of$5,000 or integral multiples thereof and shall <br /> mature on the same date and bear interest at the same rate as the Certificate or Certificates in lieu <br /> of which they are delivered. <br /> Certificate Year of Principal Interest <br /> Number Maturity Amount Rate <br /> Section 3.4: Redemption Prior to Maturity. <br /> (a) The Certificates maturing on and after March 15, 2028, are subject to redemption <br /> prior to maturity, at the option of the City, in whole or in part, in inverse order of maturity, on <br /> March 15, 2027, or any date thereafter, at par plus accrued interest to the date fixed for <br /> redemption. <br /> (b) Certificates may be redeemed in part only in integral multiples of $5,000. If a <br /> Certificate subject to redemption is in a denomination larger than $5,000, a portion of such <br /> Certificate may be redeemed, but only in integral multiples of$5,000. In selecting portions of <br /> Certificates for redemption, each Certificate shall be treated as representing that number of <br /> Certificates of$5,000 denomination which is obtained by dividing the principal amount of such <br /> 4 <br /> HOU:3746876.1 <br />