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(3) if less than all outstanding Bonds are to be redeemed, the <br /> identification (and, in the case of partial redemption, the respective principal amounts) of the <br /> Bonds to be redeemed, <br /> (4) that on the redemption date the redemption price will become due <br /> and payable upon each such Bond or portion thereof called for redemption, and that interest <br /> thereon shall cease to accrue from and after said date, and <br /> (5) the place where such Bonds are to be surrendered for payment of <br /> the redemption price, which place of payment shall be the principal office of the Bond Registrar. <br /> On or prior to any redemption date, the City shall deposit with the Bond Registrar an <br /> amount of money sufficient to pay the redemption price of all the Funds or portions of such <br /> Bonds which are to be redeemed on that date. The requirements of this section shall be deemed <br /> to be complied with when notice is mailed as provided, whether or not it is actually received by <br /> the owner of any Bond. <br /> C. Effect of Call. Official notice of redemption having been given as <br /> aforesaid, the Bonds or portions of such Bonds to be redeemed shall, on the redemption date, <br /> become due and payable at the redemption price therein specified, and from and after such date <br /> (unless the City shall default in the payment of the redemption price) such Bonds or portions of <br /> Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in accordance <br /> with said notice, such Bonds shall be paid by the Bond Registrar at the redemption price. <br /> Installments of interest due on or prior to the redemption date shall be payable as herein provided <br /> for payment of interest. All Bonds which have been redeemed shall be canceled and destroyed by <br /> the Bond Registrar and shall not be reissued. <br /> D. Additional Redemption Notice. In addition to the foregoing notice, further <br /> notice shall be given by the Bond Registrar on behalf of the City as set forth below, but no defect <br /> in said further notice nor any failure to give all or any portion of such further notice shall in any <br /> manner defeat the effectiveness of a call for redemption if notice thereof is given as above <br /> described. <br /> -14- FWWOBU DOC 97/03/04 <br />