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that such Bonds will not be redeemed. Otherwise, prior to any redemption date, the City shall <br /> deposit with the Paying Agent an amount of money sufficient to pay the redemption price of all <br /> the Bonds or portions of Bonds which are to be redeemed on that date. <br /> Subject to the provisions for a conditional redemption described above, notice of <br /> redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed <br /> shall, on the redemption date, become due and payable at the redemption price therein specified, <br /> and from and after such date (unless the City shall default in the payment of the redemption price) <br /> such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such Bonds for <br /> redemption in accordance with said notice, such Bonds shall be paid by the Paying Agent at the <br /> redemption price. The procedure for the payment of interest due as part of the redemption price <br /> shall be as herein provided for payment of interest otherwise due. Upon surrender for any partial <br /> redemption of any Bond,there shall be prepared for the registered owner a new Bond or Bonds of <br /> like tenor,of authorized denominations,of the same series and maturity,and bearing the same rate <br /> of interest in the amount of the unpaid principal. <br /> If any Bond or portion of a Bond called for redemption shall not be so paid upon surrender <br /> thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the <br /> redemption date at the rate borne by the Bond or portion of Bond so called for redemption. All <br /> Bonds which have been redeemed shall be cancelled and destroyed by the Bond Registrar and shall <br /> not be reissued. <br /> As part of their respective duties hereunder, the Bond Registrar and Paying Agent shall <br /> prepare and forward to the City a statement as to notice given with respect to each redemption <br /> together with copies of the notices as mailed and published. <br /> Section 10. Registration and Exchange or Transfer of Bonds; Persons Treated as <br /> Owners. The City shall cause books (the "Bond Register")for the registration and for the transfer <br /> -15- <br />