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Maturity Interest Maturity Interest <br /> Year Rate Year Rate <br /> 2002 % 2007 <br /> 2003 2008 <br /> 2004 2009 <br /> 2005 2010 <br /> 2006 2011 <br /> 2012 <br /> S . Redemption. All Bonds maturing in the years 2008 <br /> through 2012, both inclusive, shall be subject to redemption and <br /> prepayment at the option of the City on February 1, 2007, and on <br /> any date thereafter at a price of par plus accrued interest . <br /> Redemption may be in whole or in part of the Bonds subject to <br /> prepayment. If redemption is in part, the City shall determine <br /> the maturities and principal amounts within each maturity to be <br /> prepaid; and if only part of the Bonds having a common maturity <br /> date are called for prepayment, the specific Bonds to be prepaid <br /> shall be chosen by lot by the Bond Registrar. Bonds or portions <br /> thereof called for redemption shall be due and payable on the <br /> redemption date, and interest thereon shall cease to accrue from <br /> and after the redemption date. Mailed notice of redemption shall <br /> be given to the paying agent and to each affected registered <br /> holder of the Bonds. <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 having a common maturity <br /> date a distinctive number for each $5, 000 of the principal amount <br /> of 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 the <br /> Bond Registrar so requires, a written instrument of transfer in <br /> form satisfactory to the City and the Bond Registrar duly <br /> executed by the holder thereof or his attorney duly authorized in <br /> writing) and the City shall execute and the Bond Registrar shall <br /> authenticate and deliver to the holder of such Bond, without <br /> service charge, a new Bond or Bonds of the same series having the <br /> same stated maturity and interest rate and of any authorized <br /> denomination or denominations, as requested by such holder, in <br /> aggregate principal amount equal to and in exchange for the <br /> unredeemed portion of the principal of the Bond so surrendered. <br /> 1194249.1 7 <br />