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The City reserves the right to redeem outstanding Series A <br /> Bonds , Series B Bonds and Series C Bonds maturing January 1 , 1982 , <br /> and thereafter prior to the stated maturities thereof in whole, or <br /> in part in inverse numerical order, on any interest payment date <br /> beginning July 1 , 1981 , at the principal amount thereof, plus accrued <br /> interest to date of redemption and a premium for each Series A Bond, <br /> Series B Bond and Series C Bond as follows : <br /> 3% if redeemed July 1 , 1981 , to January 1 , 1985 , inclusive; <br /> 2% if redeemed July 1, 1985 , to January 1 , 1988 , inclusive; <br /> 1% if redeemed July 1 , 1988 , to January 1 , 1991 , inclusive; <br /> 0% if redeemed July 1 , 1991 , or thereafter. <br /> The calls of bonds shall be applied to each series of bonds <br /> on a equal prorata basis (reflecting the proportion of the original <br /> amount of each series of bonds outstanding at the time of such call) , <br /> and calls of bonds for each series of bonds shall be in accordance <br /> with the call provisions of the respective bond series; provided, <br /> however, that the City shall have the right to call, subject to the <br /> call provisions of the respective bond series , any or all outstanding <br /> bonds which may be called at par prior to calling any bonds that are <br /> callable at a premium. <br /> So long as only Series A Bonds , Series B Bonds and Series C <br /> Bonds are outstanding, each $20 , 000 .00 redemption of bonds shall <br /> consist of $5 ,000 . 00 of Series A Bonds , $5 ,000 . 00 of Series B Bonds <br /> and $10 ,000 .00 of Series C Bonds . <br /> Notice of any intended redemption prior to stated maturity <br /> dates shall be mailed by registered mail to the registered owners of <br /> the bonds to be redeemed at their addresses appearing on the registry <br /> book at least thirty (30) days prior to the redemption date and, un- <br /> less all of the bonds to be redeemed are registered bonds , it shall be <br /> published once in a financial journal published in the English langu- <br /> age and of general circulation in the City of New York, New York, such <br /> publication to be not more than forty-five (45) nor less than thirty <br /> (30) days prior to the date fixed for such redemption. In addition, <br /> insofar as the Series C Bonds are concerned, such redemption notice <br /> -7- <br />