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by paragraphs First, through Sixth of Section 7(b) of this ordinance, or other available funds, to <br />purchase any of the Bonds that are offered to the City at any price deemed appropriate by the <br />City. Any purchase of Bonds may be made with or without tender of Bonds and at either public <br />or private sale. <br />(d) Effect of Purchase. To the extent that the City shall have purchased any term <br />bonds or Balloon Maturity Bonds since the last scheduled mandatory redemption of such term <br />bonds, the City may reduce the principal amount of the term bonds or Balloon Maturity Bonds to <br />be redeemed in like principal amount. Such reduction may be applied in the year specified by <br />the Designated Representative. <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 maturity shall be made in accordance with the operational arrangements <br />then in effect at DTC. If the Bonds to be redeemed are no longer held in book -entry -only form, <br />the selection of such Bonds to be redeemed shall be made in the following manner. If the City <br />redeems at any one time fewer than all of the Bonds having the same maturity date, the particular <br />Bonds or portions of Bonds and maturity to be redeemed shall be selected by lot utilizing a <br />random selection process reasonably determined by the Registrar) in increments of $5,000. In <br />the case of a Bond of maturity in a denomination greater than $5,000, the City and Registrar <br />shall treat each Bond of that maturity as representing such number of separate Bonds each of the <br />denomination of $5,000 as is obtained by dividing the actual principal amount of such Bond of <br />that maturity by $5,000. In the event that only a portion of the principal sum of a Bond is <br />redeemed, upon surrender of such Bond at the principal office of the Registrar there shall be <br />-28- PA20287 CMWM20287 B32 09/09/15 <br />