421

395

respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium. Subject to the redemption of such bonds, definitive coupon 1963 Series E bonds numbered 1-E to 415-E, inclusive, maturing November 1, 1992 to November 1, 1995, inclusive, may be redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after November 1, 1970 at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to November 1, 1975, 2-1/2% if redeemed thereafter and on or prior to November 1, 1980, 2% if redeemed thereafter and on or prior to November 1, 1985, 1-1/2% if redeemed thereafter and on or prior to November 1, 1990, and 1% if redeemed thereafter.

Definitive coupon 1963 Series F bonds numbered 1, 993-F to 2, 544-F, inclusive, maturing November 1, 1999 to November 1,2003, inclusive, may be redeemed on any interest payment date prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, without the payment of any redemption premium. Subject to the prior redemption of such bonds, definitive coupon 1963 Series F bonds numbered 274-F to 1,992-F, inclusive, maturing November 1, 1974 to November 1, 1998, inclusive, maybe redeemed prior to their respective maturities, at the option of the Board, from any moneys that may be made available for such purpose, either in whole or in part in the inverse order of their numbers, on any interest payment date after November 1, 1973 at the principal amount of the bonds to be redeemed, together with the interest accrued thereon to the date fixed for redemption, plus a premium of 3% of such principal amount if redeemed on or prior to November 1, 1978, 2-1/2% if redeemed thereafter and on or prior to November 1, 1983, 2% if redeemed thereafter and on or prior to November 1, 1988, 1-1/2% if redeemed thereafter and on or prior to November 1, 1993, and 1% if redeemed thereafter. Definitive coupon 1963 Series F bonds numbered 1-F to 273-F, inclusive, maturing November 1, 1967 to November 1, 1973, inclusive, shall not be subject to redemption.

Notwithstanding any of the foregoing provisions of this Section, if the United States of America or any agency thereof holds any 1963 Series A bonds, and 1963 Series C bonds, any 1963 Series D bonds, any 1963 Series E bonds or any 1963 Series F bonds, all such bonds so held may be redeemed in the inverse order of their numbers on any interest payment date prior to their respective maturities and without the payment of any redemption premium.

The bonds issued at any one time under the provisions of Section 211 of this Resolution may be made subject to redemption, either in whole or in part and at such times and prices, as may be provided by resolution adopted by the Board or the Executive Committee prior to the issuance of such bonds and any redemption of any such bonds in part shall be in the inverse order of their maturities.

A redemption of any bonds issued under the provisions of this Resolution and then outstanding less then the whole thereof shall be subject to the conditions set forth in paragraph (c) of Section 507 of this Resolution.

Any temporary bond or bonds without coupons shall be subject to redemption as provided above for the definitive coupon bonds of corresponding series and maturities, except that any redemption in part shall be in the inverse order of the maturity dates of the instalments of principal of such temporary bond or bonds without coupons.

Section 302. At least thirty (30) days before the redemption date a notice of any such redemption, either in whole or in part, signed in the name of the Board by the Secretary of the Board, (a) shall be published