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<br />1996, and on any interest payment date thereafter, upo n payme n t of <br />par, accrued in teres t, and a pr emi urn of l.OO% of the pr i n c i pa 1 <br />amount so redeemed. <br /> If less than all of the Bonds within a maturity date are <br />to be r ede emed on any prior redemption date, the Bonds to be <br />redeemed shall be selected by lot not less than forty-five ( 45) <br />days prior to the date fixed for redemption, as the Bond Registrar <br />shall determine. The Bonds shall be redeemed only in i n t eg r a I <br />multiples of $5,000. In the event a Bond is of a denomination <br />larger than $5,000, a port ion of such Bond may be redeemed, but <br />only in the pr inc ipal amount of $5,000 or any integral multiple <br />thereof. Such Bond shall be treated for the purposes of <br />redemption as that number of Bonds which results from dividing the <br />principal amoun t of such Bond by $5,000. <br /> In the event any of the Bonds or portions thereof ( wh i c h <br />shall be in amounts eq ua 1 to $5,000 or any in teg ral multiple <br />thereof) are called for redemption as aforesaid, notice thereof <br />identifying the Bonds or po rt ions thereof to be redeemed will be <br />give n by the Bond Registrar by ma ili ng a copy of the redempt ion <br />notice by first class ma il ( postage prepaid) not less than thirty <br />(30) days prior to the date fixed for redemption, to the Owner of <br />each Bond to be redeemed in whole or in part at the address shown <br />on the registration books maintained by the Bond Registrar. <br />Failure to give such notice by mailing to any Owner, or any defect <br />therein, shall not affect the validity of any proceedi ng for the <br />redemption of other Bonds. All Bonds so called for redemption <br />will cease to bear interest after the specified redemption da t e , <br />provided funds for their redemption are on deposit at the place of <br />payment at that time. <br /> Section 6. Form and Execution of Bonds. The Bo nds <br />shall be signed with the manual or facsimile signature of the <br />Mayor of the City, sealed with a facsimile or ma nual impression of <br />the seal of the Ci ty , attested by the manual or facsimile <br />signa t ure of the City Cle rk, and counters igned by the ma n u al or <br />f ac s im i 1 e signa tur e of the City Treasurer. Should any officer <br />whose manual or facs imile s ignat ure appea rs on the Bonds cease to <br /> - 13 - <br />