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92 <br /> <br />ARTICLE III <br /> <br />REDEMPTION OF BONDS <br /> <br />Section 3.01 Redemption of Series 2005A Bonds. <br /> <br /> (a) Optional Redemption. The Series 2005A Bonds maturing on December 15, 2015, <br />shall be subject to redemption and prepayment, at the option of the Issuer, upon the written <br />direction of the City, on December 15, 2014 and on any date thereafter, at a redemption price <br />equal to par plus accrued interest to date of redemption. Redemption may be in whoIe or in part, <br />and if in part, the Issuer shall determine the amount of Bonds of each maturity to be prepaid; and <br />if only part of the Bonds having a common maturity date are called for prepayment, the Bonds of <br />that maturity shall be chosen randomly by the Trustee. <br /> <br /> (b) Notice of Redemption. Notice of any such redemption shall be mailed as <br />provided in Sections 3.02 and 3.03. Pr/or to the date fixed for redemption, funds shall be <br />deposited with the Trustee sufficient to pay the Bonds called and accrued interest thereon. Upon <br />the happening of the above conditions, any Bonds thus called shall not bear interest after the call <br />date, and except for the purpose of payment by application of the funds so deposited, shall no <br />longer be protected by the Indenture. <br /> <br /> Section 3.02 Written Notice to Trustee. If the Bonds are to be redeemed pursuant to <br />Section 3.01, and notice of an election to redeem Bonds shall have been given by the Issuer to <br />the Trustee, at least forty-five to s/xty days prior to the redemption date, the Trustee shall prepare <br />a notice in the name of the Issuer or in its own name describing the outstanding Bonds to be <br />redeemed, the date of redemption, and the redemption price. <br /> <br /> Section 3.03 Mailing of Notice. Notice of redemption shall be mailed by the Trustee, <br />not less than thirty days and not more than sixty days before the. redemption date, by ftrst class <br />mail to the Holders of all Bonds which are to be redeemed, at their last addresses appearing upon <br />the Bond Register. <br /> <br /> Section 3.04 Deposit for Redemption, On or before the date fixed for redemption, there <br />shall be deposited with the Trustee in cash an aggregate amount which shall be sufficient to pay <br />the redemption price on the Bonds to be redeemed, and interest thereon to the redemption date; <br />and there shall be deposited, or arrangements shall be made with the Trustee to deposit, with the <br />Trustee a sum sufficient to pay the proper expenses and charges of the Trustee in connection <br />with such redemption. Upon deposit with the Trustee of the aggregate amount of such <br />redemption price and interest pursuant to this Section, such moneys shall be set asi'de by the <br />Trustee and held by it for the account of the respective Holders of the Bonds being redeemed. <br /> <br /> Section 3.05 Payment of Redeemed Bonds. After notice of redemption shall have been <br />given as provided in Section 3.03, the Bonds specified in such notice shall become due and <br />payable on the redemption date. Payment of the redemption price thereof shall be made to or <br />upon order of the Holder, upon the surrender of the Bonds. Any installment of interest maturing <br />on or prior to the redemption date shall be payable to the Holders of Bonds registered as such on <br /> <br />1765903vl <br /> <br /> <br />