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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 <br />Year of <br />Principal <br />Interest <br />Number <br />Maturity <br />Amount <br />Rate <br />R-1 <br />2012 <br />$325,000 <br />3.000% <br />R-2 <br />2013 <br />335,000 <br />3.000 <br />R-3 <br />2014 <br />345,000 <br />3.000 <br />R-4 <br />2015 <br />355,000 <br />3.000 <br />R-5 <br />2016 <br />370,000 <br />3.000 <br />R-6 <br />2017 <br />380,000 <br />3.000 <br />R-7 <br />2018 <br />395,000 <br />4.000 <br />R-8 <br />2019 <br />410,000 <br />4.000 <br />R-9 <br />2020 <br />425,000 <br />4.000 <br />R-10 <br />2021 <br />445,000 <br />4.000 <br />R-11 <br />2022 <br />460,000 <br />3.625 <br />R-12 <br />2023 <br />475,000 <br />3.750 <br />R-13 <br />2024 <br />495,000 <br />3.875 <br />R-14 <br />2025 <br />515,000 <br />4.000 <br />R-15 <br />2026 <br />535,000 <br />4.000 <br />Section 3.4: Redemption Prior to Maturity. <br />(a) The Certificates maturing on and after March 15, 2021, are subject to redemption <br />prior to maturity, at the option of the City, in whole or in part, on March 15, 2020, or any date <br />- thereafter, at par plus accrued interest to the date fixed for 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 />Certificate by $5,000. Upon presentation and surrender of any Certificate for redemption in <br />part, the Paying Agent/Registrar, in accordance with the provisions of this Ordinance, shall <br />II <br />HOU:3009660.5 <br />