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• <br /> the same date, maturity and interest rate, in any authorized denomination. The Bond Registrar <br /> hall not be obligated to transfer or exchange any Bond during the period beginning at the opening <br /> of business on the 15th day of the month preceding any interest payment date and ending at the <br /> close of business on such interest payment date. <br /> Section 4. Redemption and Purchase of Bonds. <br /> A. Optional Redemption. The City hereby reserves the right, at its option, to redeem <br /> the Bonds maturing on and after September 1, 2008, on and after September 1, 2007, in whole at <br /> any time, or in part on any interest payment date (and if in part, with maturities to be selected by <br /> the City and by lot within a maturity in such manner as the Bond Registrar shall determine), at a <br /> redemption price of par plus accrued interest to the date fixed for redemption. <br /> B. Mandatory Redemption. If not redeemed pursuant to the optional redemption <br /> provisions set forth above, the Bonds maturing on September 1, 2017, shall be redeemed prior to <br /> maturity by lot (or paid at maturity), on September 1 of the years and in the principal amounts as <br /> set forth below, upon written notice as provided in subsection C below, by payment of the <br /> principal amount thereof plus the interest accrued thereon to the date fixed for redemption. <br /> 2017 Term Bonds <br /> Year Amount <br /> 2016 810,000 <br /> 2017* 855,000 <br /> Final Maturity* <br /> C. Notice of Redemption. Unless waived by any owner of Bonds to be redeemed, <br /> notice of any redemption shall be given not less than 30 days nor more than 60 days prior to the <br /> date fixed for redemption by first class mail, postage prepaid, to the registered owner of any Bond <br /> to be redeemed at the address appearing on the Bond Register. The requirements of this section <br /> shall be deemed to be complied with when notice is mailed as herein provided, regardless of <br /> whether or not it is actually received by the owner of any Bond. Each official notice of <br /> redemption shall be dated and shall state: (i) the title of the Bonds to be redeemed, the redemption <br /> -6- DOTOM6.DOC 97/08/20 <br />