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20__ may be redeemed before their maturities on or after __ ,20__ at the option of the <br /> <br />City in whole or in part (in installments of $5,000) at any time or from time to time during the <br /> <br />following redemption periods upon payment of the following redemption prices (expressed as a <br /> <br />percentage of the principal mount to be redeemed) together with the interest accrued thereon to <br /> <br />the date fixed for redemption: <br /> <br /> Redemption Period <br /> (both dates inclusive) Redemption Price <br /> <br />__________, _____ through __________, _____ __________% <br />__________, _____ through __________, _____ __________% <br />__________, _____ and thereafter __________% <br /> <br /> If less than all of the Bonds are called for redemption, the maturities of the Bonds to be <br /> <br />redeemed shall be selected by the Chief Financial Officer of the City in such manner as such <br /> <br />officer may deem to be in the best interest of the City. If less than all of the Bonds of any <br /> <br />maturity are called for redemption, the Bonds or portions thereof to be redeemed within a <br /> <br />maturity shall be selected by The Depository Trust Company or any successor securities <br /> <br />depository, or if the book-entry-only system is discontinued, by lot by the Bond Registrar, each <br /> <br />portion of $5,000 principal amount being counted as one Bond for such purpose. <br /> <br /> If any of the Bonds or portions thereof are called for redemption,the Bond Registrar shall <br /> <br /> send notice of the call for redemption identifying the Bonds by serial or CUSIP numbers, and in <br /> <br /> the case of partial redemption, identifying the principal amount to be redeemed, and identifying <br /> <br /> the redemption date and price and the place where Bonds are to be surrendered for payment, by <br /> <br /> facsimile transmission, registered or certified mail or overnight express delivery not less than 30 <br /> <br /> nor more than 60 days before the redemption date to the registered owner of each Bond to be <br /> <br /> -3- <br /> <br /> <br />