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<br />account may be maintained by the Bond Registrar or by an agent. On or before the date fixed for <br /> <br />redemption, moneys shall be deposited with the Bond Registrar in its capacity as such for deposit <br /> <br />in such account to pay the principal of and the redemption premium, if any, on the Bonds or <br /> <br />portions thereof called for redemption as well as the interest accruing thereon to the redemption <br /> <br />date thereof. <br /> <br />On the date fixed for redemption, notice having been given in the manner and under the <br /> <br />conditions hereinabove provided, the Bonds or portions thereof so called for redemption shall be <br /> <br />due and payable from the moneys required to be deposited in such account at the redemption <br /> <br />price provided therefor, plus accrued interest to such date. If moneys sufficient to pay the <br /> <br />redemption price of the Bonds or portions thereof to be redeemed, plus accrued interest thereon <br /> <br />to the date fixed for redemption, are held by the Bond Registrar in such account in trust for the <br /> <br />registered owners of Bonds or portions thereof to be redeemed, interest on the Bonds or portions <br /> <br />thereof called for redemption shall cease to accrue, such Bonds or portions thereof shall cease to <br /> <br />be entitled to any benefits or security under this resolution or to be deemed outstanding, and the <br /> <br />registered owners of such Bonds or portions thereof shall have no rights in respect thereof except <br /> <br />to receive payment of the redemption price thereof, plus accrued interest to the date of <br /> <br />redemption. <br /> <br />If a portion of a Bond shall be selected for redemption, the registered owner thereof or his <br /> <br />attorney or legal representative shall present and surrender such Bond to the Bond Registrar for <br /> <br />payment of the principal amount thereof so called for redemption and the redemption premium, <br /> <br />if any, on such principal amount, and the Bond Registrar shall authenticate and deliver to or upon <br /> <br />the order of such registered owner or his legal representative, without charge therefor, for the <br /> <br />unredeemed portion of the principal amount of the Bond so surrendered, a Bond or Bonds of the <br />18 <br /> <br />~4- <br />