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. . <br /> . , • <br /> � C. Optional Redemption. The Bonds due on or after October 1, 2006, are subject to <br /> redemption prior to maturity at the option of the City, from any available funds, in whole or in <br /> part on any date on or after October 1, 2005, and if in part, in any order of maturity as determined <br /> by the 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 interest to <br /> the redemption date. <br /> Section 7. Redemption Procedure. The Bond Registrar shall proceed with mandatory <br /> redemption, if any, as designated in the Bond Order, without further notice or direction from the <br /> City. <br /> The 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 the <br /> allocation of the amount to be redeemed to the mandatory redemption requirements for any Term <br /> Bonds. For purposes of any redemption of less than all of the Bonds of a single maturity, the <br /> particular Bonds or portions of Bonds to be redeemed shall be selected by lot not more than 60 <br /> days prior to the redemption date by the Bond Registrar for the Bonds of such maturity by such <br /> method of lottery as the Bond Registraz shall deem fair and appropriate;provided, however, that <br /> such lottery shall provide for the selection for redemption of Bonds or portions thereof so that any <br /> $5,000 Bond or $5,000 portion of a Bond shall be as likely to be called for redemption as any <br /> other such $5,000 Bond or$5,000 portion. <br /> -9- <br />