95-77 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS

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r � � Y t , and such certificate of authentication upon any such Bond shall be conclusive evidence that such Bond has been authenticated and delivered under this Ordinance. The certificate of authentication on any Bond shall be deemecj to have been executed by it if signed by an authorized officer of the Bond Registrar, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Bonds issued hereunder. Section 6. Redemption. A. Mandatory Redemption. A portion of the Bonds as designated in the Bond Order (the "Term Bonds") may be subject to mandatory redemption at a price of par and accrued interest, without premium, on October 1 of the years and in the principal amounts as designated in the Bond Order. B. General Re: Term Bonds. The City covenants that it will redeem Term Bonds pursuant to the mandatory redemption requirement for such Term Bonds. Proper provision for mandatory redemption having been made, the City covenants that the Term Bonds so selected for redemption shall be payable as at maturity and taxes shall be levied and collected as provided herein accordingly. In the event that Term Bonds are redeemed pursuant to the optional redemption provisions for the same, the schedule of mandatory redemptions and the amount payable at maturity for such Term Bonds shall be reduced in such amounts and among such years as the City shall determine. In addition, on or prior to the 60th day preceding any maturity or mandatory redemption date of Term Bonds, the Bond Registrar, acting at the direction of the City, shall purchase such Term Bonds as aze so due or subject to mandatory redemption on such date, and the principal amount thereof shall be credited against the amount due or subject to mandatory redemption on such date. Any such purchase shall be at a price not to exceed par and accrued interest and may be of Bonds tendered by the City. -8-