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price) such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such <br /> Bonds for redemption in accordance with said notice, such Bonds shall be paid by the Bond <br /> Registrar at the redemption price. The procedure for the payment of interest due as part of <br /> the redemption price sha11 be as herein provided for payment of interest otherwise due. <br /> Upon surrender for any partial redemption of any Bond, there shall be prepared for the <br /> Registered Owner a new Bond or Bonds of like tenor, of authorized denominations, of the <br /> same maturity, and bearing the same rate of interest in the amount of the unpaid principal. <br /> The City, the Bond Registrar and the Paying Agent may deem and treat the Registered <br /> Owner hereof as the absolute owner hereof for the purpose of receiving payment of or on <br /> account of principal hereof and interest due hereon and for all other purposes, and the City, <br /> the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. <br /> -18- <br />