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together with the interest accrued thereon to the date fixed <br />for redemption plus a premium of one-quarter of one percent <br />(1/4 of 1%) of the principal amount of each Bond to be <br />redeemed for each twelve (12) month period or fraction <br />thereof between the dat~ fixed for redemption and the stated <br />maturity date of such Bond. Any such declaration of the <br />maturity of Bonds to be redeemed (and of the selection of <br />bonds within a maturity to be redeemed, which shall be lot) <br />shall be made by the Director of Finance of the City. <br /> <br /> Notice of any such redemption, specifying the <br /> date, number and maturities of the Bonds to be redeemed, the <br /> date and place fixed for their redemption and the premium, <br /> if any, payable upon such redemption, shall be given by the <br /> City by publication of such notice once in a newspaper <br /> printed in the English language and customarily published on <br /> each business day and of general circulation in the City, <br /> and once in at least one newspaper or financial publication <br />.printed in the English language and customarily published on <br /> each business day in the City of New York, New York, the <br /> date of publication of such notice in each case to be at <br /> least thirty days prior to the date fixed for redemption. <br /> If any Bond called for redemption is registered as to <br /> principal only or as to both principal and interest, notice <br /> of the redemption thereof shall be mailed not less than <br /> thirty days prior to the date fixed for redemption by <br /> registered mail to the registered owner of such Bond at such <br /> owner's address as shown on the books of registry; provided, <br /> however, that notice of redemption by publication need not <br /> be given to the registered owner of any registered Bond if <br /> notice of redemption shall have been mailed ~s aforesaid, <br /> and if notice of redemption is given by publication as <br /> aforesaid then neither the failure to mail such notice to <br /> the registered owner of any registered bond nor any defect <br /> in any notice so mailed shall affect the sufficiency of the <br /> proceedings for the redemption of such Bonds. When notice <br /> of redemption of'Bonds shall have been given as hereinabove <br /> set forth, and payment of the principal amount of the Bonds <br /> so called for redemption and of the accrued interest <br /> premium, if any, payable upon such redemption shall have <br /> been duly made or provide for, interest on such Bonds shall <br /> cease from and after the date so specified for their <br /> redemption and any coupon representing such interest shall <br /> be void. <br /> <br /> The Bonds may be registered by the holder as to <br />principal only or as to both principal and interest in <br />accordance with nnv provlsion~ lu~ ~u~l~ n~y~u~ ~ ~ <br />endorsed thereon as set forth in Section 9. <br /> <br /> 2. The principal of and premium, if any, and <br />interest on the Bonds shall be payable in such coin or <br />currency of the United States of America as at the <br />respective dates of pa~nent is legal tender for public and <br /> <br /> <br />