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month period or fraction thereof between the date fixed for redemption and the stated maturity date of such Bond~ such premium in any event not to exceed three percent of such princ!pal amount. Any such declaration of the maturity of Bonds to be redeemed and of the selection of Bonds within a maturity to be redeemed shall be made by the Director of Finance of the City. Notice of any such redemption, specifying the date, numbers and maturities of the Bonds to b~ redeemed, the date and place fixed for their rede_mption and the premium, if any, payable upon such redemption, shall be given by the City by publication of s~ch notice once in a newspaper printed in the English language and customarily published on each business day and of general circulation in the City of Portsmouth, Virginia, and once in at least one newspaper or financial publication printed in the English language and customarily published on each business day in %he City of New York, New York, the date of publication of suck 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 redemption thereof shall be mailed not less than thirty days prior to the date fixed for redemp- tion by registered mail to the registered owner of such Bond at such owner's address as shown on the books of registry; privided, however, that notice of redemption by publication need not be given to the registered owner of any registered Bond if notice of redemption shall have been mailed as afore- said, and if notice of redemption is 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 payment of the principal amount of the Bonds so called for redemption and of the accrued interest and premium, 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 may 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 endorsed thereon as set forth in Section 8 hereof. 2. The principal of, premium, if any, and interest on the Bonds shall be payable in such coin or currency of -2-