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} � ' <br /> L � <br /> Citv> shall purchase such 7'erm Bonds as are so due or subject to mandatorv redemption on such <br /> date, and the principal amount thereof shall be credited aaainst the amount due or subiect to <br /> mandatory redemption on such date. Any such purchase shall be at a price not to exceed par and <br /> accrued interest and may be of Bonds tendered by the City. <br /> ^C. The Bonds due on or after March 1, 2009, are subject to redemption prior to <br /> maturity at the option of the City, from any available funds, in whole or in part on any date on or <br /> after Mazch 1, 2008, and if in part, in any order of maturity as determined by the City, and if less <br /> than an entire maturity, in integral multiples of$5,000, selected by lot by the Bond Registrar as <br /> hereinafter provided, at the redemption price of paz plus accrued interest to the redemption date. <br /> Section 7. Redemption Procedure. The Bond Registrar shall proceed with <br /> mandatory redemption, if any, as designat�d in the Bond Order, without further notice or <br /> direction from the City. <br /> T'he City shall, at least 45 days prior to the redemption date (unless a shorter time period <br /> shall be satisfactory to the Bond Registrar), notify the Bond Registrar of such redemption date <br /> and of the maturities and principal amounts of Bonds to be redeemed. In the event of an optional <br /> redemption of less than all of a given maturity, the City shall also notify the Bond Registrar of <br /> the allocation of the amount to be redeemed to the mandatory redemption requirements for any <br /> Term Bonds. For puiposes of any redemption of less than all of the Bonds of a single maturity, <br /> the particulaz Bonds or portions of Bonds to be redeemed shall be selected by lot not more than <br /> 60 days prior to the redemption date by the Bond Registrar for the Bonds of such maturity by <br /> such method of lottery as the Bond Registraz shall deem fair and appropriate;provided, however, <br /> that such lottery shall provide for the selection for redemption of Bonds or portions thereof so <br /> -8- <br />