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be redeem, ed together with the interest accrued thereon to the date fixed for redemption plus a premium Of one-half of one per- cent of the principal amount of each Bond to be redeemed for each six month period or fraction tkereof between the date fixed for redemption and the stated maturity date of such Bond, such pre- mium mn any evenm not to exceed three percent of such principal amount. Any such declaration of the maturity of Bonds to be re- deemed and of the selection of Bonds witi~n a maturity to be re- deemed shall be made by the Director of Finance of the City. Notice of any such redemption, specifying the date, num~bers and maturities of the Bonds to be redeemed, the date and place fixed for their redemption and the premium, if any, payable upon such redemption, shall be given by the City by publication of such notice once in a newspaper printed in the ~nglish language and customarily published on each business day and of general circulation in the City, and once in at least one newspaper or financial publication printed in the English language and custom- arily published on each business day in the City of New York, ~Jew York, the date of publication of such notice in each case to be at least thirty days prior to the date fixed for redemption. If any bond called for redemption is registered as to principal only or as to both principal and interest, notice of the redemp- tion thereof shall be mailed not less than tkirty days prior to the date fixed for redemption by registered mail to the register- ed owner of such Bond at such owner's address as sho~ on the books of registry; provided, however, that notice of redemption by publication need not be given to the registered o%,~er of any registered Bond if notice of redealption shall have been mailed as aforesaid, and if notice of redemption ms given by publication as aforesaid then neither the failure to mail such notice to the registered owner of any registered Bond nor any defect in any notice so mailed shall affect the sufficiency of the proceedings for the redemption of such Bonds. When notice of redemption of -Bonds shall have been given as hereinabove set forth, and pay- ment of the principal amount of the Bonds so called for redemp- tion and of the accrued interest and premimm~ if any, payable upon such redemption shall have been duly made or provided for, interest on such Bonds shall cease from and after the date so specified for their redemption and any coupons representing such interest shall be void. The Bonds m~y be registered by the holder as to principal only or as to both principal and interest in accordance with the provisions for such registration to be enforsed thereon as set forth in Section 9 hereof. -2-