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-5- <br /> The bonds maturing on or after January 1, 1998 , shall <br /> be sub�ect to redemption and payment prior to their maturity at <br /> the option of the City, in whole or in part, but if in part in <br /> the inverse order of their maturity and by lot within a maturity, <br /> on any interest payment date on or after January 1 , 1997 , at the <br /> price of par and accrued interest to the date of redemption. <br /> Written notice of its option to redeem any or all of <br /> said bonds shall be given by the City to the holder of each such <br /> bond called for redemption, if known, by registered mail, or if <br /> the holders of such bonds are unknown, then notice of redemption <br /> shall be given by publication of such notice published at least <br /> once in The Wall Street Journal, or in the event it ceases <br /> publication, then in one financial newspaper published and of <br /> general circulation in the City of Chicago, Illinois, or in the <br /> City of New York, New York. Such notice of redemption as so , <br /> mailed or published shall be mailed or published not less than II <br /> 30 days nor more than 60 days prior to the date of redemption ! <br /> and shall designate the date and place of redemption of said <br /> bonds, which shall be at the paying agent, shall designate the <br /> serial numbers and the aggregate principal amount of the bonds <br /> to be redeemed and shall indicate that on the designated date of <br /> redemption said bonds will be redeemed by payment of the principal <br /> thereof and accrued interest thereon and that from and after the <br /> designated redemption date interest in respect of said bonds so <br /> called for redemption shall cease. <br />