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<br />I <br /> <br />I <br /> <br />I <br /> <br />Section 3.11. Payments to Cede & Co. <br /> <br />Notwithstanding any other provision ofthis Ordinance to the contrary, so long as any Bonds <br />are registered in the name of Cede & Co., as nominee ofDTC, all payments with respect to principal <br />of, premium, if any, and interest on such Bonds, and all notices with respect to such Bonds, shall be <br />made and given, respectively, in the manner provided in the Representation Letter. <br /> <br />ARTICLE IV <br /> <br />REDEMPTION OF BONDS BEFORE MATURITY <br /> <br />Section 4.01. Limitation on Redemption. <br /> <br />The Bonds shall be subject to redemption before scheduled maturity only as provided in this <br />Article IV. <br /> <br />Section 4.02. Optional and Mandatory Redemption. <br /> <br />( a) The City reserves the option to redeem Bonds maturing on and after August 15,2013, <br />in whole or from time to time in part, before their scheduled maturity date, on August 15,2012, or <br />on any date thereafter (such redemption date or dates to be fixed by the City) at a price equal to the <br />principal amount of the Bonds called for redemption plus accrued interest from the most recent <br />interest payment date on which interest has been paid or duly provided for to the redemption date. <br /> <br />(b) The City, at least forty-five (45) days before the redemption date (unless a shorter <br />period shall be satisfactory to the Paying AgentlRegistrar), shall notify the Paying Agent/Registrar <br />of such redemption date and of the principal amount of Bonds to be redeemed. <br /> <br />(c) The Bonds maturing on August 15 in the years 2031 and 2036 shall be subject to <br />mandatory sinking fund redemption by lot as provided in Section 6.02 in the form of Bond. <br /> <br />Section 4.03. Partial Redemption. <br /> <br />(a) Ifless than all ofthe Bonds are to be redeemed, the City shall determine the amounts <br />thereofto be redeemed and shall direct the Paying Agent/Registrar (or DTC or a successor securities <br />depository, as applicable, if the Bonds are in Book-Entry-Only form) to call by lot Bonds, or <br />portions thereof within such maturity and in such principal amounts, for redemption. <br /> <br />(b) A portion of a single Bond of a denomination greater than $5,000 may be redeemed, <br />but only in a principal amount equal to $5,000 or any integral multiple thereof. The Paying <br />Agent/Registrar shall treat each $5,000 portion of the Bond as though it were a single Bond for <br />purposes of selection for redemption. <br /> <br />SANMARCOSlWWWSRev2006-2: Ordinance <br /> <br />14 <br />