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the selection of such Bonds to be redeemed shall be made in the following manner. If the City <br /> redeems at any one time fewer than all of the Bonds having the same maturity date, the particular <br /> Bonds or portions of Bonds and maturity to be redeemed shall be selected by lot utilizing a <br /> random selection process reasonably determined by the Registrar) in increments of$5,000. In <br /> the case of a Bond of maturity in a denomination greater than $5,000, the City and Registrar <br /> shall treat each Bond of that maturity as representing such number of separate Bonds each of the <br /> denomination of$5,000 as is obtained by dividing the actual principal amount of such Bond of <br /> that maturity by $5,000. In the event that only a portion of the principal sum of a Bond is <br /> redeemed, upon surrender of such Bond at the principal office of the Registrar there shall be <br /> issued to the Registered Owner, without charge therefor, for the then-unredeemed balance of the <br /> principal sum thereof a Bond or, at the option of the Registered Owner, Bonds of like maturity <br /> and interest rate in any of the denominations herein authorized. <br /> (f) Notice of Redemption. Written notice of any redemption of Bonds prior to <br /> maturity, which notice may be conditional, shall be given by the Registrar on behalf of the City <br /> by first class mail, postage prepaid, not less than 20 days nor more than 60 days before the date <br /> fixed for redemption to the Registered Owners of Bonds that are to be redeemed at their last <br /> addresses shown on the Bond Register. This requirement shall be deemed complied with when <br /> notice is mailed to the Registered Owners at their last addresses shown on the Bond Register, <br /> whether or not such notice is actually received by the Registered Owners. <br /> So long as the Bonds are in book-entry only form, notice of redemption shall be given to <br /> Beneficial Owners of Bonds to be redeemed in accordance with the operational arrangements <br /> then in effect at DTC, and neither the City nor the Registrar shall be obligated or responsible to <br /> confirm that any notice of redemption is, in fact,provided to Beneficial Owners. <br /> -29- P:\20287 CMW20287 BN9 10/11/16 <br />