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At the option of the City, Bonds maturing on or after February 1, 2021, shall each be <br /> subject to call and prior payment on February 1, 2020, or on any date thereafter at a price equal <br /> to the principal amount thereof to be redeemed plus interest accrued to the date of redemption. <br /> Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in <br /> part, the selection of the Bonds remaining unpaid to be prepaid shall be at the discretion of the <br /> City. If only part of the Bonds having a common maturity date are called for prepayment the <br /> City will notify the Depository of the particular amount of such maturity to be prepaid. The <br /> Depository will determine by lot the amount of participant's interest in such maturity to be <br /> redeemed and each participant will then select by lot the beneficial ownership interest in such <br /> maturity to be redeemed. <br /> Bonds maturing in the year(s) 2020, 2025, 2027, and 2029 (the "Term Bonds ") are <br /> subject to mandatory redemption on February 1 in the years and principal amounts as follows: <br /> Mandatory Redemption Schedule <br /> Term Bonds Due 2020 Term Bonds Due 2027 <br /> Redemption Redemption <br /> (February 1) Amount (February 1 ) Amount <br /> 2016 $10,000 2026 $165,000 <br /> 2017 $10,000 2027 $170,000 <br /> 2018 $10,000 <br /> 2019 $10,000 <br /> 2020 $10,000 <br /> Term Bonds Due 2025 Term Bonds Due 2029 <br /> Redemption Redemption <br /> (February 1) Amount (February) Amount <br /> 2024 $160,000 2028 $170,000 <br /> 2025 $160,000 2029 $150,000 <br /> or, if less than such amount is then outstanding, an amount equal to the aggregate principal <br /> amount of the Bonds then outstanding. The City may, at its option, to be exercised on or before <br /> the thirtieth day preceding any mandatory redemption date specified above deliver to the <br /> Registrar written notice which shall (a) specify a principal amount of Term Bonds previously <br /> redeemed (otherwise than pursuant to the above Mandatory Redemption Schedule) or purchased <br /> and cancelled by the Registrar and not theretofore applied as a credit against any redemption of <br /> Term Bonds pursuant to the above Mandatory Redemption Schedule, and (b) instruct the <br /> Registrar to apply the principal amount of such Term Bonds so delivered or previously redeemed <br /> or purchased and cancelled for credit against the principal installments to be prepaid pursuant to <br /> the Mandatory Redemption Schedule. Each such Term Bond so delivered or previously <br /> redeemed or purchased and cancelled shall be credited by the Registrar in the order directed by <br /> 10 <br />