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<br />previously purchased or which the City has previously redeemed pursuant to any optional <br />redemption provision. <br /> <br />(C) So long as Bonds are in book-entry only form, the Registrar shall notify DTC of any early <br />redemption not less than 30 days prior to the date fixed for redemption unless DTC <br />permits a shorter notice period, and shall provide such information in connection <br />therewith as required by a letter of representation submitted to DTC in connection with <br />the issuance of the Bonds. The City shall notify the Registrar of any intended redemption <br />not less than 45 days prior to the redemption date, unless the Registrar consents to a <br />shorter notice period. <br /> <br />(D) During any period in which the Bonds are not in book-entry only form, unless waived by <br />any Owner of the Bonds to be redeemed, official notice of any redemption of Bonds shall <br />be given by the Registrar on behalf of the City by mailing a copy of an official <br />redemption notice by first class mail postage prepaid at least 30 days and not more than <br />60 days prior to the date fixed for redemption to the Owner of the Bond or Bonds to be <br />redeemed at the address shown on the Bond register or at such other address as is <br />furnished in writing by such Owner to the Registrar. The City shall notify the Registrar <br />of any intended redemption not less than 45 days prior to the redemption date, unless the <br />Registrar consents to a shorter notice period. All such official notices of redemption shall <br />be dated and shall state: <br /> <br />(1) the redemption date, <br /> <br />(2) the redemption price, <br /> <br />(3) if less than all outstanding Bonds are to be redeemed, the identification (and, in the <br />case of partial redemption, the respective principal amounts) of the Bonds to be <br />redeemed, <br /> <br />(4) that on the redemption date the redemption price will become due and payable <br />upon each such Bond or portion thereof called for redemption, and that interest <br />thereon shall cease to accrue from and after said date, and <br /> <br />(5) the place where such Bonds are to be surrendered for payment of the redemption <br />price, which place of payment shall be the principal office of the Registrar. <br /> <br />12.3 Authentication, Registration and Transfer. <br /> <br />(A) No Bond shall be entitled to any right or benefit under this Master Resolution unless it <br />shall have been authenticated by an authorized officer of the Registrar. The Registrar <br />shall authenticate all Bonds to be delivered at closing of the Bonds, and shall additionally <br />authenticate all Bonds properly surrendered for exchange or transfer pursuant to this <br />Master Resolution. <br /> <br />(B) The Ownership of all Bonds shall be entered in the Bond register maintained by the <br />Registrar, and the City and the Registrar may treat the person listed as Owner in the Bond <br />register as the Owner of the Bond for all purposes. <br /> <br />Page 22 - Resolution <br /> <br />March 23, 2000 <br />