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"Term Bonds") are subject to scheduled mandatory redemption by the Paying Agent/Registrar by <br />lot, or by any other customary method that results in a random selection, at a price equal to the <br />principal amount thereof, plus accrued interest to the redemption date, out of moneys available <br />for such purpose in the interest and sinking fund for the Bonds, on the dates and in the respective <br />principal amounts, set forth in the following schedule: <br />Bonds Maturing <br />� <br />Principal <br />Year Amount <br />Final maturity of Bond. <br />Bonds Maturing <br />� <br />Principal <br />Year Amount <br />Bonds Maturing <br />� <br />Principal <br />Year Amount <br />The principal amount of Term Bonds of a stated maturity required to be redeemed on any <br />mandatory redemption date pursuant to the operation of the mandatory sinking fund redemption <br />provisions shall be reduced, at the option of the City, by the principal amount of any Term Bonds <br />of the same maturity which, at least 45 days prior to a mandatory redemption date (1) shall have <br />been acquired by the City and delivered to the Paying Agent/Registrar for cancellation or (2) <br />shall have been redeemed pursuant to the optional redemption provisions and not theretofore <br />credited against a mandatory redemption requirement. <br />11 <br />-� 71 <br />