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f3~~K i~ ~'rr o l.J <br />It] <br />7. The Bonds maturing on and after February 1, 2003 <br />shall be subject to redemption prior to their stated maturities <br />at the option of the Issuer on or after February 1, 2002, in <br />whole at any time or in part on any interest payment date, at a <br />redemption price equal to the principal amount of each Bond to be <br />redeemed together with accrued interest thereon to the redemption <br />date plus a redemption premium of one-half of one percent (1/2 of <br />1%) of the principal amount of each Bond to be redeemed for each <br />period of twelve months or part thereof between the redemption <br />date and the maturity date of each Bond to be redeemed, provided <br />that such premium shall not exceed two percent (2%) of such <br />principal amount. If less than all of the Bonds of any maturity <br />are called for redemption, the Bonds to be redeemed shall be <br />selected by lot; provided, however, that the portion of any Bond <br />to be redeemed shall be in the principal amount of $5,000 or some <br />multiple thereof and that, in selecting Bonds for redemption, the <br />Bond Registrar shall treat each Bond as representing that number <br />of Bonds which is obtained by dividing the principal amount of <br />such Bonds by $5,000. For so long as a book-entry system is used <br />for determining beneficial ownership of the Bonds, if less than <br />all of the Bonds within a maturity are to be redeemed, DTC and <br />its participants shall determine which of the Bonds within a <br />maturity are to be redeemed by lot. If less than all of the <br />Bonds of different maturities are called for redemption, the <br />Bonds to be redeemed shall be called in the inverse order of <br />their maturities. <br />Not more than forty-five (45) nor less than thirty (30) <br />days before the redemption date of any Bonds to be redeemed, <br />whether such redemption be in whole or in part, the Issuer shall <br />cause a notice of such redemption to be mailed, postage prepaid, <br />to DTC or its nominee. Each such notice shall identify the Bonds <br />or portions thereof to be redeemed by reference to their numbers <br />and shall set forth the date designated for redemption, the <br />redemption price to be paid and the maturities of the Bonds to be <br />redeemed. If any Bond is to be redeemed in part only, the notice <br />of redemption shall state also that on or after the redemption <br />date, upon surrender of such Bond, a new Bond or Bonds in <br />principal amount equal to the unredeemed portion of such bond <br />will be issued. <br />on or before the date fixed for redemption, moneys <br />shall be deposited with the Bond Registrar to pay the principal <br />of and the redemption premium, if any, on the Bonds or portions <br />thereof called for redemption as well as the interest accruing <br />thereon to the redemption date thereof. <br />On the date fixed for redemption, notice having been <br />given in the manner and under the conditions hereinabove <br />provided, the Bonds or portions thereof called for redemption <br />shall be due and payable at the redemption price provided <br />therefor, plus accrued interest to such date. If moneys <br />12 <br />