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0 0 <br />G35 <br />E3cat 18 FACE 63i <br />8. The Bonds maturing on and after May 1, 2012 shall be subject to <br />redemption prior to their stated maturities at the option of the Issuer on or after May 1, 2011, in <br />whole at any time or in part on any interest payment date, at a redemption price equal to the <br />principal amount of each Bond to be redeemed together with accrued interest thereon to the <br />redemption date plus a redemption premium of one-half of one percent (1/2 of 1%).of the <br />principal amount of each Bond to be redeemed for each period of twelve months or part thereof <br />between the redemption date and the maturity date of each Bond to be redeemed, provided that <br />such premium shall not exceed two percent (2%) of such principal amount. If less than all of the <br />Bonds of any maturity are called for redemption, the Bonds to be redeemed shall be selected in <br />such manner as the Issuer shall determine; provided, however, that the portion of any Bond to be <br />redeemed shall be in the principal amount of $5,000 or some multiple thereof and that, in <br />selecting Bonds for redemption, the hereinafter designated Bond Registrar shall treat each Bond <br />as representing that number of Bonds which is obtained by dividing the principal amount of such <br />Bonds by $5,000. For so long as a DTC book-entry system is used for determining beneficial <br />ownership of the Bonds, if less than all of the Bonds within a maturity are to be redeemed, DTC <br />and its participants shall determine which of the Bonds within a maturity are to be redeemed. If <br />less than all of the Bonds of different maturities are called for redemption, the Bonds to be <br />redeemed shall be called in the inverse order of their maturities. <br />Not more than forty-five (45) nor less than thirty (30) days before the redemption <br />date of any Bonds to be redeemed, whether such redemption be in whole or in part, the Issuer <br />shall cause a notice of such redemption to be mailed, postage prepaid, to DTC or its nominee. <br />Each such notice shall identify the Bonds or portions thereof to be redeemed by reference to their <br />numbers and shall set forth the date designated for redemption, the redemption price to be paid <br />and the maturities of the Bonds to be redeemed. If any Bond is to be redeemed in part only, the <br />notice of redemption shall state also that on or after the redemption date, upon surrender of such <br />Bond, a new Bond or Bonds in principal amount equal to the unredeemed portion of such bond <br />will be issued. <br />On or before the date fixed for redemption, moneys shall be deposited with the <br />Bond Registrar to pay the principal of and the redemption premium, if any, on the Bonds or <br />portions thereof called for redemption as well as the interest accruing thereon to the redemption <br />date thereof. <br />On the date fixed for redemption, notice having been given in the manner and <br />under the conditions.hereinabove provided, the Bonds or portions thereof called for redemption <br />shall be due and payable at the redemption price provided therefor, plus accrued interest to such <br />date. <br />If a portion of a Bond shall be selected for redemption, the registered owner <br />thereof or his attorney or legal representative shall present and surrender such Bond to the Bond <br />Registrar for payment of the principal amount thereof so called for redemption and the <br />redemption premium, if any, on such principal amount, and the Bond Registrar shall authenticate <br />and deliver to or upon the order of such registered owner or his legal representative, without <br />charge therefor, for the unredeemed portion of the principal amount of the Bond so surrendered, <br />a Bond or Bonds of the same maturity, of any denomination or denominations authorized by this <br />resolution and bearing interest at the same rate. <br />35 <br />