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DTC Participants of the appointment of such successor securities depository, and transfer one or <br />more separate Bonds to such successor securities depository or (ii) notify DTC and DTC <br />Participants of the availability through DTC of Bonds and transfer one or more separate Bonds to <br />DTC Participants having Bonds credited to their DTC accounts. In such event, the Bonds shall <br />no longer be restricted to being registered in the Security Register in the name of Cede & Co., as <br />nominee of DTC, but may be registered in the naive of the successor securities depository, or its <br />nominee, or in whatever name or names Owners transferring or exchanging Bonds shall <br />designate, in accordance with the provisions of this Ordinance. <br />Section 3.11. Payments to Cede & Co. <br />Notwithstanding any other provision of this Ordinance to the contrary, so long as any <br />Bonds are registered in the name of Cede & Co., as nominee of DTC, all payments with respect <br />to principal of, premium, if any, and interest on such Bonds, and all notices with respect to such <br />Bonds, shall be made and given, respectively, in the manner provided in the Representation <br />Letter. <br />ARTICLE IV <br />REDEMPTION OF BONDS BEFORE MATURITY <br />Section 4.01. Limitation on Redemption. <br />The Bonds shall be subject to redemption before scheduled maturity only as provided in <br />this Article IV. <br />Section 4.02. Optional and Mandatory Redemption. <br />The Bonds maturing on and after August 15, 2028, before their respective scheduled <br />maturity in whole or from time to time in part in integral multiples of $5,000, on August 15, <br />2027, or on any date thereafter, in inverse order of maturity and at a price equal to the principal <br />amount of the Bonds so called for redemption plus accrued interest to the redemption date. If <br />less than all of the Bonds are to be redeemed, the City shall determine the amounts thereof to be <br />redeemed and shall direct the Paying Agent/Registrar to call by lot Bonds, or portions thereof <br />within such maturity or maturities and in such amounts, for redemption. <br />14 <br />SANMARCOS/W W W SRev2017B: Ordinance <br />