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f 1 <br /> the redemption price on the redemption date <br /> and when such Bonds (or portions thereof) are <br /> presented for payment. Any Bond redeemed in <br /> part may be exchanged for a Bond or Bonds of <br /> the same maturity in authorized denominations <br /> equal to the remaining principal amount <br /> thereof. At the time of payment of the <br /> principal of, premium, if any, and interest on <br /> any Bonds called for redemption, such Bonds <br /> shall be surrendered for cancellation. <br /> In addition to the foregoing notice, the <br /> City may also direct that further notice of <br /> redemption of the Bonds be given, including <br /> without limitation and at the option of the <br /> City, notice described in paragraph (1) below <br /> given by the Registrar and Paying Agent to the <br /> parties described in paragraphs (2) and (3) <br /> below. No defect in any such further notice <br /> and no failure to give all or any portion of <br /> any such further notice shall in any manner <br /> defeat the effectiveness of any call for <br /> redemption of Bonds so long as notice thereof <br /> is given as prescribed above. <br /> (1) If so directed by the <br /> City, each further notice of <br /> redemption given hereunder shall <br /> contain the information required <br /> above for an official notice of <br /> redemption plus (i) the CUSIP <br /> numbers of all Bonds being redeemed; <br /> (ii) the date of issue of the Bonds <br /> as originally issued; (iii) the rate <br /> of interest borne by each Bond being <br /> redeemed; (iv) the maturity date of <br /> each Bond being redeemed; and <br /> (v) any other descriptive <br /> information needed to identify <br /> accurately the Bonds being redeemed. <br /> (2) If so directed by the <br /> City, each further notice of <br /> redemption shall be sent at least <br /> thirty-five (35) days before the <br /> redemption date by registered or <br /> certified mail or overnight delivery <br /> service to all registered securities <br /> depositories then in the business of <br /> holding substantial amounts of <br /> obligations of types comprising the <br /> Bonds (such depositories now being <br /> 5 <br />