2019-46 Ordinance Providing for the Issuance of not to Exceed $9,300,000 General Obligation Bonds, Series 2019 of the City for One or More of the Following Purposes: Refunding Certain Outstanding Bonds of the City, Improving the Decatur Public Library

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cancels the same from moneys other than Bond Moneys, then an amount equal to the principal amount of Term Bonds so redeemed or purchased shall be deducted from the amount of such Term Bonds as due at maturity or subject to mandatory redemption requirement in any year, as the City shall determine. Section 9. Redemption Procedure. For a mandatory redemption of Term Bonds, the Bond Registrar shall proceed without further authorization or direction to provide for such redemption. For optional redemptions,the City shall,at least 45 days prior to the redemption date (unless a shorter time period shall be satisfactory to the Bond Registrar),notify the Bond Registrar for the Bonds of such redemption date and of the series,maturities and principal amounts of Bonds to be redeemed. In the event of an optional redemption of less than all of a given maturity of a series of Term Bonds,the City shall also notify the Bond Registrar of the allocation of the amount to be redeemed to the mandatory redemption requirements for such Term Bonds. For purposes of any redemption of less than all of the Bonds of a single series and maturity, the particular Bonds or portions of Bonds to be redeemed shall be selected by lot not more than 60 days prior to the redemption date by the Bond Registrar for the Bonds of such series and maturity by such method of lottery as the Bond Registrar shall deem fair and appropriate; provided, however, that such lottery shall provide for the selection for redemption of Bonds or portions thereof so that any $5,000 Bond or$5,000 portion of a Bond shall be as likely to be called for redemption as any other such $5,000 Bond or$5,000 portion. The Bond Registrar shall promptly notify the City and the Paying Agent in writing of the Bonds or portions of Bonds selected for redemption and, in the case of any Bond selected for partial redemption,the principal amount thereof to be redeemed. Unless waived by the registered owner of Bonds to be redeemed,official notice of any such redemption shall be given by the Bond Registrar on behalf of the City by mailing the redemption -13-