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<br />, . <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />1', <br /> <br />to the time set forth in Section IS(c) hereof, moneys for the <br />purpose of and sufficient to redeem, at the premiums, if any, <br />payable as provided in this Resolution, the Bonds designated in <br />the notice of redemption. The moneys must be set aside in the <br />Account solely for that purpose and shall be applied on or <br />after the redemption date to the payment (principal and <br />premium, if any) of the Bonds to be redeemed upon presentation <br />and surrender of the Bonds together with (except as to Fully <br />Registered Bonds) all interest coupons appertaining thereto <br />maturing after the redemption date. Any interest coupon due on <br />or prior to the redemption date shall be paid from the Special <br />Fund created by this Resolution upon presentation and surrender <br />of the Coupon. Any interest due on or prior to the redemption <br />date upon Fully Registered Bonds shall likewise be paid from <br />the Special Fund. Each Bearer Bond presented must have <br />attached to it or presented with it all interest coupons <br />maturing after the redemption date. <br /> <br />E. Partial Redemption of Fully Registered Bonds, <br />Upon surrender of any Fully Registered Bond redeemed in part <br />only, the Agency shall execute and the Fiscal Agent shall <br />authenticate and deliver to the registered owner, at the <br />expense of the Agency, a new Bond or Bonds of authorized <br />denominations equal in aggregate principal amount to the <br />unredeemed portion of the Fully Registered Bond surrendered and <br />of the same interest rate and same maturity. The new Bond or <br />Bonds may be, at the option of the registered owner, either a <br />Bearer Bond or Bearer Bonds with all unmatured coupons <br />appertaining thereto, or a Fully Registered Bond or Fully <br />Registered Bonds, or in part a Bearer Bond or Bearer Bonds and <br />the balance a Fully Registered Bond or Fully Registered Bonds. <br />The registered owner of any Fully Registered Bond may, in lieu <br />of surrendering the Bond for a new Bond, endorse on the reverse <br />of the Fully Registered Bond a notation of such partial <br />redemption. The endorsement shall be in a form satisfactory to <br />the Agency and the Fiscal Agent and under such conditions as <br />required by the Fiscal Agent. A partial redemption shall be <br />valid upon payment of the amount required to be paid to the <br />registered owner, and the Agency and the Fiscal Agent shall be <br />released and discharged from all liability to the extent of <br />such payment irrespective of whether the endorsement of partial <br />redemption shall or shall not have been made upon the reverse <br />of the Fully Registered Bond by the registered owner and <br />irrespective of any error or omission in the endorsement. <br /> <br />F. Effect of Redemption. Notice of redemption <br />having been duly given as provided above, and moneys for <br />payment of the princjpal of, premium, if any, and interest <br />payable upon redemption of the Bonds being set aside as <br />provided above, the Bonds, or parts thereof, called for <br />redemption shall, on the redemption date, become due and <br />payable at the redemption price specified in the notice. <br /> <br />02-22-83 <br />4141P/2306/00 <br /> <br />-12- 19~;). '1 <br /> <br />SA <br />