Laserfiche WebLink
9 <br /> (e) Selection of Bonds for Redemption. If Bonds are called for optional redemption, <br /> the maturities of Bonds to be redeemed shall be selected by the City. If any Bonds to be <br /> redeemed (optional or mandatory) then are held in book-entry-only form, the selection of Bonds <br /> to be redeemed within a series and maturity shall be made in accordance with the operational <br /> arrangements then in effect at DTC. If the Bonds to be redeemed are no longer held in <br /> book-entry-only form, the selection of such Bonds to be redeemed shall be made in the following <br /> manner. If the City redeems at any one time fewer than all of the Bonds of a series having the <br /> same maturity date, the particular Bonds or portions of Bonds and maturity to be redeemed shall <br /> be selected by lot utilizing a random selection process reasonably determined by the Registrar) in <br /> increments of$5,000. In the case of a Bond of maturity in a denomination greater than $5,000, <br /> the City and Registrar shall treat each Bond of that maturity as representing such number of <br /> separate Bonds each of the denomination of$5,000 as is obtained by dividing the actual principal <br /> amount of such Bond of that maturity by $5,000. In the event that only a portion of the principal <br /> sum of a Bond is redeemed, upon surrender of such Bond at the principal office of the Registrar <br /> there shall be issued to the Registered Owner, without charge therefor, for the then-unredeemed <br /> balance of the principal sum thereof a Bond or, at the option of the Registered Owner, Bonds of <br /> like series, maturity 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 15 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 /> -3 1- P:\20287 CMW120287_880 03/25/09 <br />