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determined that one or more, but not all, of the $5,000 units of face value represented by any Bond are <br />selected for redemption, then upon notice of intention to redeem such $5,000 unit or units, the Registered <br />Owner of such Bond or the Registered Owner's duly authorized agent shall present and surrender such <br />Bond to the Paying Agent (1) for payment of the Redemption Price and interest to the Redemption Date <br />of such $5,000 unit or units of face value called for redemption, and (2) for exchange, without charge to <br />the Registered Owner thereof, for a new Bond or Bonds of the aggregate principal amount of the <br />unredeemed portion of the principal amount of such Bond. If the Registered Owner of any such Bond <br />fails to present such Bond to the Paying Agent for payment and exchange as aforesaid, such Bond shall, <br />nevertheless, become due and payable on the redemption date to the extent of the $5,000 unit or units of <br />face value called for redemption (and to that extent only). <br /> <br /> Section 303. Notice and Effect of Call for RederUption. Unless waived by any Registered Owner <br />of Bonds to be redeemed, official notice of any redemption shall be given by the Paying Agent on behalf <br />of the City by mailing a copy of an official redemption notice by first class mail at least 30 days but not <br />more than 60 days prior to the Redemption Date to the State Auditor of Missouri, the Purchaser of the <br />Bonds and each Registered Owner of the Bond or Bonds to be redeemed at the address shown on the Bond <br />Register. <br /> <br />All official notices of redemption shall be dated and shall contain the following information: <br /> <br />(a) the Redemption Date; <br /> <br />Co) the Redemption Price; <br /> <br /> (c) if less than all Outstanding Bonds are to be redeemed, the identification (and, in <br />the case of partial redemption of any Bonds, the respective principal amounts) of the Bonds to be <br />redeemed; <br /> <br /> (d) a statement that on the Redemption Date the Redemption Price will become due <br />and payable upon each such Bond or portion thereof called for redemption and that interest <br />thereon shall cease to accrue from and after the Redemption Date; and <br /> <br /> (e) the place where such Bonds are to be surrendered for payment of the Redemption <br />Price, which shall be the principal corporate trust office of the Paying Agent. <br /> <br /> Prior to any Redemption Date, the City shall deposit with the Paying Agent an amount of money <br />sufficient to pay the Redemption Price of all the Bonds or portions of Bonds that are to be redeemed on <br />that date. <br /> <br /> Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to <br />be redeemed shall become due and payable on the Redemption Date, at the Redemption Price therein <br />specified, and from and after the Redemption Date (unless the City defaults in the payment of the <br />Redemption Price) such Bonds or portion of Bonds shall cease to bear interest. Upon surrender of such <br />Bonds for redemption in accordance with such notice, the Redemption Price of such Bonds shall be paid <br />by the Paying Agent. Installments of interest due on or prior to the Redemption Date shall be payable <br />as herein provided for payment of interest. Upon surrender for any partial redemption of any Bond, there <br />shall be prepared for the Registered Owner a new Bond or Bonds of the same Stated Maturity in the <br />amount of the unpaid principal as provided herein. All Bonds that have been surrendered for redemption <br />shall be cancelled and destroyed by the Paying Agent as provided herein and shall not be reissued. <br /> <br />-11- <br /> <br /> <br />