210

196

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, Series B bonds numbered 198 to 1, 532, inclusive, maturing September 1, 1969 to September 1, 1993, 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 September 1, 1968, 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 September 1, 1973, 2 1/2% if redeemed thereafter and on or prior to September 1, 1978, 2% if redeemed thereafter and on or prior to September 1, 1983, 1 1/2% if redeemed thereafter and on or prior to September 1, 1988, and 1% if redeemed thereafter. Series B bonds numbered 1 to 197, inclusive, maturing September 1, 1963 to September 1, 1968, inclusive, shall not be subject to redemption. Notwithstanding any of the foregoing provisions, if the United States of America or any agency thereof holds any of such 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. This temporary bond is subject to redemption as provided above for the corresponding definitive coupon bonds, except that any redemption in part shall be in the inverse order of the maturity dates of the instalments of principal of this temporary bond.

The moneys in the Sinking Fund at any time available for the purchase or redemption of bonds shall be allocated pro rata to the Series A and the Series B bonds then outstanding so that the moneys so allocated shall be in proportion, as nearly as practicable, to the respective amounts of the bonds of each series issued under the Resolution, all as provided in the Resolution.

Any such redemption, either in whole or in part, shall be made upon at least thirty (30) days' prior notice by publication and otherwise as provided in the Resolution and shall be made in the manner and under the terms and conditions provided in the Resolution; provided, however, that notice by publication shall not be required for the redemption of any bonds held by the United State of America or any agency thereof. On the date designated for redemption, notice having been given and moneys for payment of the redemption price being held in trust for such purpose, all as provided in the Resolution, the portion of this