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r � <br /> � . <br /> by it if signed by an authorized officer of the Bond Registrar, but it shall not be necessary that <br /> the same o�cer sign the certificate of authentication on all of the Bonds issued hereunder. <br /> Section 7. Term Bonds, Mandatory Redemption and Covenants. The Bonds maturing <br /> on the date or dates, if any, indicated in the Bond Notification 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 paz plus accrued interest to the redemption date for the Bonds, on Mazch 1 of the yeazs, <br /> if any,and in the principal amounts,if any, as indicated in the Bond Notification. , <br /> The principal amounts of Bonds to be mandatorily redeemed in each year may be reduced I <br /> through the earlier optional redemption thereof, with any partial optional redemptions of such <br /> Bonds credited against future mandatory redemption requirements in such order of the <br /> mandatory redemption dates as the City may determine. In addition, on or prior to the 60th day <br /> preceding any mandatory redemption date, the Bond Registrar may, and if directed by the <br /> Council shall, purchase Bonds required to be retired on such mandatory redemption date. Any <br /> such Bonds so purchased shall be cancelled and the principal amount thereof shall be credited <br /> against the mandatory redemption required on such next mandatory redemption date. <br /> dat if an <br /> Section 8. Optional Redemption. The Bonds due on and after the e, y, <br /> specified in the Bond Notification (but not earlier than March 1, 2009) shall be subject to <br /> redemption prior to maturity at the option of the City from any available funds, as a whole or in <br /> part, and if in part in integral multiples of$5,000 in any order of their maturity as determined by <br /> the City (less than all of the Bonds of a single series and maturity to be selected by the Bond <br /> Registrar), on the date specified in the Bond Notification (but not earlier than March 1, 2008), <br /> and on any date thereafter, at the redemption prices (expressed as a percentage of the principal <br /> amount redeemed and not to exceed 103%)plus accrued interest to the date fixed for redemption, <br /> if applicable, as set forth in the Bond Notification. <br /> -10- <br />