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All official notices of redemption shall be dated and shall state: <br />(A) the redemption date; <br />(B) the redemption price; <br />(C) if fewer than all outstanding Bonds are to be redeemed, the <br />identification by series and maturity (and, in the case of partial redemption, the <br />respective principal amounts) of the Bonds to be redeemed-, <br />(D) any conditions to redemption; <br />(E) that unless conditional notice of redemption has been given and such <br />conditions have either been satisfied or waived, on the redemption date the redemption <br />price shall become due and payable upon each such Bond or portion thereof called for <br />redemption, and that interest thereon shall cease to accrue from and after said date; <br />and <br />(F) the place where such Bonds are to be surrendered for payment of the <br />redemption price, which place of payment shall be the designated office of the Bond <br />Registrar. <br />On or prior to any redemption date, unless such redemption has been rescinded or <br />revoked, the City shall deposit with the Bond Registrar an amount of money sufficient to <br />pay the redemption price of all the Bonds or portions of Bonds which are to be <br />redeemed on that date. The City retains the right to rescind any redemption notice and <br />the related optional redemption of Bonds by giving notice of rescission to the affected <br />registered owners at any time on or prior to the scheduled redemption date. Any notice <br />of optional redemption that is so rescinded shall be of no effect, and the Bonds for <br />which the notice of optional redemption has been rescinded shall remain outstanding. <br />(2) Effect of Notice; Bonds Due. If notice of redemption has been given and <br />not rescinded or revoked, or if the conditions set forth in a conditional notice of <br />redemption have been satisfied or waived, the Bonds or portions of Bonds to be <br />redeemed shall, on the redemption date, become due and payable at the redemption <br />price therein specified, and from and after such date such Bonds or portions of Bonds <br />shall cease to bear interest. Upon surrender of such Bonds for redemption in <br />accordance with said notice, such Bonds shall be paid by the Bond Registrar at the <br />redemption price. Installments of interest due on or prior to the redemption date shall <br />be payable as herein provided for payment of interest. All Bonds which have been <br />redeemed shall be canceled by the Bond Registrar and shall not be reissued. <br />(3) Additional Notice. In addition to the foregoing notice, further notice shall <br />be given by the City as set out below, but no defect in said further notice nor any failure <br />to give all or any portion of such further notice shall in any manner defeat the <br />effectiveness of a call for redemption if notice thereof is given as above prescribed. <br />Each further notice of redemption given hereunder shall contain the information <br />required above for an official notice of redemption plus: (A) the CUSIP numbers of all <br />Bonds being redeemed; (B) the date of issue of the Bonds as originally issued; (C) the <br />rate of interest borne by each Bond being redeemed; (D) the series and maturity date of <br />W: Word Processing\Ordinances\LTGO Bonds-Street improvements 5-31-17 <br />PM:bjs Page 9 of 16 <br />Me, <br />