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the years designated by such resolution, from amounts credited to <br /> the Sinking -Fund Account in the Bond Fund to meet the sinking <br /> fund requirements therefor (to the extent such amounts have not <br /> been used to redeem or purchase such Bonds as provided in this <br /> Resolution) and in the principal amounts as designated by such <br /> resolution, upon written notice as provided in this Section, by <br /> payment of the principal thereof, together with the interest <br /> accrued thereon to the date fixed for redemption. <br /> The City may redeem Term Bonds through the application of <br /> part or all of the respective sinking fund requirements therefor <br /> on the first day of any month prior to any July 1 sinking fund <br /> requirement due date . Such moneys may also be used to purchase <br /> Term Bonds as provided in Section 7F hereof. Any moneys not so <br /> issued to redeem or to purchase such Term Bonds by such date <br /> shall be substantially exhausted by application to the redemption <br /> or purchase of such Bonds on the July 1 sinking fund requirement <br /> due date in the following fiscal year. If, as of any July 1, the <br /> principal amount of Term Bonds of any one series and maturity <br /> retired by purchase or redemption, from any source, exceeds the <br /> cumulative sinking fund requirements through such date for Term <br /> Bonds of such series and maturity, such excess may be credited <br /> against the sinking fund requirement for the last fiscal year for <br /> which a sinking fund requirement remains with respect to such <br /> maturity, or, if so determined by the City, may be credited, in <br /> whole or in part, against the sinking fund requirement with <br /> 24 Fww0o3.DOc 92/09!21 <br />