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If any Bond of either series (or any portion of the <br />principal amount thereof in installments of $5,000.00) shall be <br />called for redemption, notice of the redemption thereof, <br />specifying the date, number and maturity of such Bond, the date <br />and place or places fixed for its redemption, the premium, if <br />any, payable upon such redemption, and if less than the entire <br />principal amount of such Bond is to be redeemed, that such Bond <br />must be surrendered in exchange for the principal amount <br />thereof to be redeemed and the issuance of a new Bond or Bonds <br />of such series issued equaling in principal amount that portion <br />of the principal amount thereof not to be redeemed, shall be <br />mailed not less than thirty (30) days prior to the date fixed <br />for redemption, by first class mail, postage prepaid, to the <br />registered owner of such Bond at his address as it appears on <br />the books of registry kept by the Registrar for the Bonds as of <br />the close of business on the forty-fifth (45th) day next <br />preceding the date fixed for redemption. If notice of the <br />redemption of any Bond (or portion thereof in installments of <br />$5,000.00) shall have been given as aforesaid, and payment of <br />the principal amount of such Bond (or the portion of the <br />principal amount thereof to be redeemed) and of the accrued <br />interest and premium, if any, payable upon such redemption <br />shall have been duly made or provided for, interest on such <br />Bond shall cease to accrue from and after the date so specified <br />for the redemption thereof. <br /> <br /> The Bonds of each series shall be issued only in book- <br />entry form only. One fully registered Bond representing each <br />maturity of each series of the Bonds will be issued to and <br />registered in the name of Cede & Co., as nominee of The <br />Depository Trust Company, New York, New York ("DTC"), as <br />registered owner of the Bonds and each such Bond shall be <br />immobilized in the custody of DTC. DTC will act as securities <br />depository for the Bonds. Individual purchases will be made in <br />book-entry form only, in the principal amount of $5,000.00 or <br />any integral multiple thereof. Purchasers will not receive <br />physical delivery of certificates representing their interest <br />in the Bonds purchased. <br /> <br /> Principal, premium, if any, and interest payments on the <br />Bonds will be made by the City, by wire transfer to DTC or its <br />nominee, Cede & Co., as registered owner of the Bonds, which <br />will in turn remit such payments to the DTC participants for <br />subsequent disbursal to the beneficial owners of the Bonds. <br />Transfers of principal, premium, if any, and interest payments <br />to DTC participants will be the responsibility of DTC. <br />Transfers of such payments to beneficial owners of the Bonds by <br />DTC participants will be the responsibility of such <br />participants and other nominees of such beneficial owners. <br />Transfers of ownership interests in the Bonds will be <br />accomplished by book entries made by DTC and, in turn, by the <br />DTC participants who act on behalf of the indirect participants <br />of DTC and the beneficial owners of the Bonds. <br /> <br /> 7 <br /> <br /> <br />