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system is used for determining beneficial ownership of the Bonds, <br />if less than all of the Bonds of any one maturity shall be called <br />for redemption, the Securities Depository shall determine by lot <br />the amount of interest of each direct participant of the Securities <br />Depository in said Bonds within such maturity to be redeemed. If <br />less than all of the Bonds stated to mature on different dates <br />shall be called for redemption, the particular Bonds or portions <br />thereof to be redeemed shall be called in such maturities and <br />amounts of those maturities as shall be determined by the Issuer. <br /> <br /> Not more than 60 nor less than 30 days before the redemption <br />date of any Bonds to be redeemed, whether such redemption be in <br />whole or in part, the Issuer shall cause a notice of such <br />redemption to be filed with the Bond Registrar and to be mailed, <br />postage prepaid, to the registered owner of each Bond to be <br />redeemed in whole or in part at the address of said owner appearing <br />upon the registration books of the Issuer; provided, however, so <br />long as a book-entry system is used for determining beneficial <br />ownership of the Bonds, such notice shall be given to the <br />Securities Depository Nominee by certified or registered mail or by <br />such other method as the Issuer may determine to be necessary or <br />advisable with the concurrence of the Securities Depository. <br />Failure to mail such notice or any defect therein as to any Bond or <br />portion thereof shall not affect the validity of the redemption as <br />to any Bond or portion thereof for which such notice was given as <br />required hereby. Each such notice shall set forth the date <br />designated for redemption, the redemption price to be paid and the <br />maturities of the Bonds to be redeemed. In the event that <br /> <br />19 <br /> <br /> <br />