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giving of notice of redemption of Bonds or to transfer or exchange any Bond all or a <br /> portion of which has been called for redemption. <br /> Those of the Bonds due on or after January 1, 2009, are subject to redemption prior <br /> to maturity at the option of the City, from any available funds, in whole or in part, on any <br /> date on or after January 1, 2008, and if in part, in any order of maturity as selected by the <br /> City, and if less than an entire maturity, in integral multiples of $5,000, selected by lot by <br /> the Bond Registrar as hereinafter provided, at the redemption price of par plus accrued <br /> interest to the redemption date. <br /> Unless waived by the Registered Owner of Bonds to be redeemed, notice of any such <br /> redemption shall be given by the Bond Registrar on behalf of the City by mailing the <br /> redemption notice by registered or certified mail not less than 30 days and not more than 60 <br /> days prior to the date fixed for redemption to each Registered Owner of the Bond or Bonds <br /> to be redeemed at the address shown on the Bond Register or at such other address as is <br /> furnished in writing by such Registered Owner to the Bond Registrar. Neither the failure to <br /> mail such redemption notice, nor any defect in any notice so mailed, to any particular <br /> Registered Owner of a Bond, shall affect the sufficiency of such notice with respect to other <br /> Registered Owners. Notice having been properly given, failure of a Registered Owner of a <br /> Bond to receive such notice shall not be deemed to invalidate, limit or delay the effect of the <br /> notice or redemption action described in the notice. Such notice may be waived in writing <br /> by a Registered Owner of a Bond entitled to receive such notice, either before or after the <br /> event, and such waiver shall be the equivalent of such notice. Notice of redemption having <br /> been given as aforesaid, the Bonds or portions of Bonds so to be redeemed shall, on the <br /> redemption date, become due and payable at the redemption price therein specified, and <br /> from and after such date (unless the City shall default in the payment of the redemption <br /> -17- I <br />