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of maturities (and, if applicable, order of mandatory redemption payments) as shall be specified <br /> in the Bond Notification, and if less than an entire maturity, in integral multiples of $5,000, <br /> selected by lot by the Bond Registrar as hereinafter provided, at the redemption price of par plus <br /> accrued interest to the redemption date. <br /> Section 9. Term Bonds Purchase or Redemption. If the City redeems pursuant to <br /> optional redemption as hereinabove provided or purchases Term Bonds of any maturity and <br /> cancels the same from Bond Moneys as hereinafter described, then an amount equal to the <br /> principal amount of Term Bonds so redeemed or purchased shall be deducted from the <br /> mandatory redemption requirements provided for Term Bonds of such maturity, first, in the <br /> current year of such requirement, until the requirement for the current year has been fully met, <br /> and then in any order of such Term Bonds as due at maturity or subject to mandatory redemption <br /> in any year, as the City shall determine. If the City redeems pursuant to optional redemption or <br /> purchases Term Bonds of any maturity and cancels the same from moneys other than Bond <br /> Moneys, then an amount equal to the principal amount of Term Bonds so redeemed or purchased <br /> shall be deducted from the amount of such Term Bonds as due at maturity or subject to <br /> mandatory redemption requirement in any year, as the City shall determine. <br /> Section 10. Redemption Procedure. For a mandatory redemption of 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 of 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 /> -12- <br /> 27 <br />