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whole, or from time to time in part, and, if in part, the particular Bonds, or portions thereof, to be <br />redeemed shall be selected and designated by the City, and if less than all of a maturity is to be <br />redeemed the Paying Agent/Registrar shall determine by lot the Bonds, or portions thereof within <br />such maturity to be redeemed (provided that a portion of a Bond may be redeemed only in <br />integral multiples of $5,000 of principal amount). <br />[THE BONDS MATURING ON * are subject to mandatory sinking fund <br />redemption by lot prior to maturity in the following amounts on the following dates and at a <br />price of par plus accrued interest to the redemption date ("Term Bonds"). <br />Term Bonds Maturing on , 20 <br />Redemption Date * Principal Amount <br />20 $ <br />20 t $ t <br />Final Maturity <br />THE PRINCIPAL AMOUNT of the Term Bonds required to be redeemed pursuant to <br />the operation of the mandatory sinking fund redemption provisions shall be reduced, at the <br />option of the City by the principal amount of any Term Bonds of the stated maturity which, at <br />least 50 days prior to a mandatory redemption date, (1) shall have been acquired by the City at a <br />price not exceeding the principal amount of such Term Bonds plus accrued interest to the date of <br />purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, (2) shall have <br />been purchased and canceled by the Paying Agent/Registrar at the request of the City with <br />monies in the Interest and Sinking Fund at a price not exceeding the principal amount of the <br />Term Bonds plus accrued interest to the date of purchase thereof, or (3) shall have been <br />redeemed pursuant to the optional redemption provisions and not theretofore credited against a <br />mandatory sinking fund redemption requirement.]** <br />AT LEAST 30 days prior to the date fixed for any redemption of Bonds or portions <br />thereof prior to maturity, a written notice of such redemption shall be sent by the Paying <br />Agent/Registrar by United States mail, first-class postage prepaid, to the Registered Owner of <br />each Bond to be redeemed at its address as it appeared on the Registration Books maintained by <br />the Paying Agent/Registrar on the day such notice of redemption is mailed. By the date fixed for <br />any such redemption, due provision shall be made with the Paying Agent/Registrar for the <br />payment of the required redemption price for the Bonds or portions thereof which are to be so <br />redeemed. If such written notice of redemption is mailed and if due provision for such payment <br />is made, all as provided above, the Bonds or portions thereof which are to be so redeemed <br />thereby automatically shall be treated as redeemed prior to their scheduled maturities, and they <br />shall not bear interest after the date fixed for redemption, and they shall not be regarded as being <br />outstanding except for the right of the Registered Owner to receive the redemption price from the <br />** <br />Use of Tenn Bonds, if any, to be determined by the Pricing Officer. <br />14 <br />San Marcos GORB2019 - Delegated: Ordinance <br />