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4. The Bonds shall bear interest payable semi- annually on May 1 and November 1 of each year commencing May 1, 1986 at the respective rates per annum set forth opposite the maturity years as follows: Maturity Years Interest Rates 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 6.25% 6.50% 6.90% 7.10% 7.25% 7.40% 7.60% 7.80% 8.00% 8.15% 8.30% 8.40% 8.50% 8.50% 8.50% 5. All Bonds of this issue maturing in the years 1993 to 2002, both inclusive, shall be subject to redemption. and prepayment at the option of the City on November 1, 1992 and on any interest payment date thereafter at par and accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, those Bonds remaining unpaid which have the latest maturity date shall be prepaid first; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Published notice of redemption shall in each case be given in accordance with law, and mailed notice of redemption shall be given to the paying agent and to each registered holder of the Bonds. To effect a partial redemption of Bonds having a com- mon maturity date, the Bond Registrar prior to giving notice of redemption, shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, numbers so assigned to such Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so 3