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price of par plus accrued interest to the redemption date, on December 15, 2021, in the principal <br /> amount of$235,000. <br /> The Series 2010C Bonds due on December 15, 2024, are subject to mandatory <br /> redemption, in integral multiples of$5,000 selected by lot by the Bond Registrar, at a redemption <br /> price of par plus accrued interest to the redemption date, on December 15, 2023, in the principal <br /> amount of$250,000. <br /> The principal amounts of Series 2010A Bonds and Series 2010C Bonds to be mandatorily <br /> redeemed in each year may be reduced through the earlier optional redemption thereof, with any <br /> partial optional redemptions of such Series 2010A Bonds and Series 2010C Bonds credited <br /> against future mandatory redemption requirements in such order of the mandatory redemption <br /> dates as the City may determine. In addition, on or prior to the 60th day preceding any <br /> mandatory redemption date, the Bond Registrar may, and if directed by the Council shall, <br /> purchase Bonds required to be retired on such mandatory redemption date. Any such Bonds so <br /> purchased shall be cancelled and the principal amount thereof shall be credited against the <br /> mandatory redemption required on such next mandatory redemption date. <br /> (b) Optional Redemption. The Bonds maturing on or after December 15, 2021, are <br /> subject to redemption prior to maturity at the option of the City as a whole, or in part in any <br /> order of maturity determined by the City (less than all of the Bonds of a single maturity to be <br /> selected by the Bond Registrar), on December 15, 2020, or on any date thereafter, at the <br /> redemption price of par plus accrued interest to the date of redemption. <br /> Section 7. Redemption Procedure. The City shall, at least 45 days prior to the <br /> redemption date (unless a shorter time period shall be satisfactory to the Bond Registrar), notify <br /> the Bond Registrar of such redemption date and of the maturities and principal amounts of Bonds <br /> to be redeemed. For purposes of any redemption of less than all of the Bonds of a single <br /> -16- <br />