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Unless moneys sufficient to pay the redemption price of the Bonds to be redeemed shall <br /> have been received by the Paying Agent prior to the giving of such notice o redemption, such <br /> notice may, at the option of the City, state that said redemption shall be conditional upon the <br /> receipt of such moneys by the Paying Agent on or prior to the date fixed for r demption. If such <br /> moneys are not received, such notice shall be of no force and effect, the City shall not redeem <br /> such Bonds, and the Bond Registrar shall give notice, in the same manner in which the notice of <br /> redemption shall have been given, that such moneys were not so received and that such Bonds <br /> will not be redeemed. Otherwise, prior to any redemption date, the City shall deposit with the <br /> Paying Agent an amount of money sufficient to pay the redemption price of all the Bonds or <br /> 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 o 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 3f the redemption <br /> price) such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such <br /> Bonds for redemption in accordance with said notice, such Bonds shall be raid by the Paying <br /> Agent at the redemption price. The procedure for the payment of interest Jue as part of the <br /> redemption price shall be as herein provided for payment of interest othe wise due. Upon <br /> surrender for any partial redemption of any Bond, there shall be prepared fort e registered owner <br /> a new Bond or Bonds of like tenor, of authorized denominations, of the same maturity, and <br /> bearing the same rate 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 <br /> surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest <br /> from the redemption date at the rate borne by the Bond or portion of Bond so called for <br /> -12- <br />