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maturity, first, in the current year of such requirement, until the requirement f or the current year <br /> has been fully met, and then in any order of such Term Bonds as due at ma urity or subject to <br /> mandatory redemption in any year, as the City shall determine. If the City redeems pursuant to <br /> optional redemption or purchases Term Bonds of any maturity and cancels the same from <br /> moneys other than Bond Moneys, then an amount equal to the principal amount of Term Bonds <br /> so redeemed or purchased shall be deducted from the amount of such Term Bonds as due at <br /> maturity or subject to mandatory redemption requirement in any year, as the Ci y shall determine. <br /> Section 10. Redemption Procedure. For a mandatory redemption o Term Bonds, the <br /> Bond Registrar shall proceed without further authorization or direction to provide for such <br /> redemption. For optional redemptions, the City shall, at least 45 days prior to the redemption <br /> date (unless a shorter time period shall be satisfactory to the Bond Registrar), notify the Bond <br /> Registrar for the Bonds of such redemption date and of the maturities and principal amounts of <br /> Bonds to be redeemed. In the event of an optional redemption of less than all if a given maturity <br /> of Term Bonds, the City shall also notify the Bond Registrar of the allocation of the amount to be <br /> redeemed to the mandatory redemption requirements for such Term Bonds. For purposes of any <br /> redemption of less than all of the Bonds of a single maturity, the particular B rids or portions of <br /> Bonds to be redeemed shall be selected by lot not more than 60 days prior to t e redemption date <br /> by the Bond Registrar for the Bonds of such maturity by such method of 1 ttery as the Bond <br /> Registrar shall deem fair and appropriate; provided, however, that such lottery shall provide for <br /> the selection for redemption of Bonds or portions thereof so that any $5,00 Bond or $5,000 <br /> portion of a Bond shall be as likely to be called for redemption as any other su h $5,000 Bond or <br /> $5,000 portion. <br /> -10- <br />