Laserfiche WebLink
at the address shown on the registration books of the Registrar and Paying Agent, or at <br />such other address as is furnished in writing by such registered owner to the Registrar; <br />provided, however, that failure to give such notice by mailing, or any defect therein, with <br />respect to any Bond shall not affect the validity of the proceedings for the redemption of <br />any other Bonds. The notice shall specify the redemption price, the date and place of <br />redemption, and the registration numbers (and, in case of partial redemption, the <br />respective principal amounts) of the Bonds called for redemption. The place of <br />redemption may be at the principal corporate trust office of the Registrar and Paying <br />Agent or as otherwise determined by the City. Interest on the Bonds (or portions thereof) <br />so called for redemption shall cease to accrue on the redemption date fixed in such notice, <br />if sufficient funds are available at the place of redemption to pay the redemption price on <br />the redemption date and when such Bonds (or portions thereof) are presented for <br />payment. Any Bond redeemed in part may be exchanged for a Bond or Bonds of the <br />same maturity in authorized denominations equal to the remaining principal amount <br />thereof. <br />In addition to the foregoing notice, the City may also direct that further <br />notice of redemption of each series of the Bonds be given, including without limitation <br />and at the option of the City, notice described in paragraph (i) below given by the <br />Registrar and Paying Agent to the parties described in paragraphs (ii) and (iii) below. No <br />defect in any such further notice and no failure to give all or any portion of any such <br />further notice shall in any manner defeat the effectiveness of any call for redemption of <br />Bonds so long as notice thereof is mailed as prescribed above. <br />(i) If so directed by the City, each further notice of redemption <br />given hereunder shall contain the information required above for an official notice <br />of redemption plus (A) the CUSIP numbers of all Bonds being redeemed; (B) the <br />date of issue of the Bonds as originally issued; (C) the rate of interest borne by <br />each Bond being redeemed; (D) the maturity date of each Bond being redeemed; <br />and (E) any other descriptive information needed to identify accurately the Bonds <br />being redeemed. <br />(ii) If so directed by the City, each further notice of redemption <br />shall be sent at least thirty-five (35) days before the redemption date by registered <br />or certified mail or overnight delivery service to all registered securities <br />depositories then in the business of holding substantial amounts of obligations of <br />types comprising the Bonds (such depositories now being The Depository Trust <br />Company of New York, New York) and to one or more national information <br />services that disseminate notices of redemption of obligations such as the Bonds <br />(such as Financial Information, Inc.'s Financial Daily Called Bond Service, Kenny <br />Information Service's Called Bond Service, Moody's Municipal and Government <br />News Reports and Standard & Poor's Called Bond Record). <br />(iii) If so directed by the City, each such fuuther notice shall be <br />published one time in The Bond Buyer of New York, New York or, if the <br />Registrar believes such publication is impractical or unlikely to reach a substantial <br />BDDBOI 4347413v2 - g - <br />