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Northwest Securities Corporation at its office in Seattle, Washington and to such other persons <br /> and with such additional information as the Finance Director shall deem appropriate, but such <br /> mailings shall not be a condition precedent to the redemption of the Bonds. <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 Bonds or portions of Bonds that <br /> are to be redeemed on that date. <br /> Official notice of redemption having been given as aforesaid, the Bonds or portions of <br /> Bonds so to be redeemed shall, on the redemption date, become due and payable at the <br /> redemption price therein specified, and from and after such date (unless the City shall default in <br /> the payment of the redemption price upon presentation) such Bonds or portions of Bonds shall <br /> cease to bear interest. Upon surrender of such Bonds for redemption in accordance with said <br /> notice, such Bonds shall be paid by the Bond Registrar at the redemption price. Installments of <br /> interest due on or prior to the redemption date shall be payable as herein provided for payment of <br /> interest. Upon the payment of the redemption price of Bonds being redeemed, each check or <br /> other transfer of funds issued for such purpose shall bear the CUSIP number identifying, by issue <br /> and maturity, the Bonds being redeemed with the proceeds of such check or other transfer. Upon <br /> surrender for any partial redemption of any Bond, there shall be prepared for the registered owner <br /> a new Bond or Bonds of the same maturity in the amount of unpaid principal. <br /> In addition to the foregoing notice, further notice shall be given by the Bond Registrar as <br /> set out below, but no defect in said further notice nor any failure to give all or any portion of such <br /> further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof <br /> is given as above prescribed. <br /> (1) Each further notice of redemption given hereunder shall contain the information <br /> required above for an official notice of redemption plus: the CUSIP numbers of all Bonds being <br /> redeemed; the date of issue of the Bonds as originally issued; the rate of interest borne by each <br /> Bond being redeemed; the maturity date of each Bond being redeemed; and any other descriptive <br /> information needed to identify accurately the Bonds being redeemed. <br /> -7- DOToeLooc 94/01/19 <br />