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If less than all of the Bonds of any one maturity shall be <br /> called for redemption, the particular Bonds or portions of Bonds of <br /> such maturity to be redeemed shall be selected by lot in such <br /> manner as the Issuer in its discretion may determine; provided, <br /> however, that the portion of any Bond to be redeemed shall be in <br /> the principal amount of $5, 000 or some multiple thereof and that, <br /> in selecting Bonds for redemption, each Bond shall be considered as <br /> representing that number of Bonds which is obtained by dividing the <br /> principal amount of such Bond by $5, 000, and, further, that DTC <br /> will determine by lot the amount of interest of each direct <br /> participant of DTC in such Bonds to be redeemed so long as a <br /> book-entry system with DTC is continued. If less than all of the <br /> Bonds stated to mature on different dates shall be called for <br /> redemption, the particular Bonds or portions thereof to be redeemed <br /> shall be called in the inverse order of their maturities. <br /> Not more than sixty (60) nor less than thirty (30) days before <br /> the redemption date of any Bonds to be redeemed, whether such <br /> redemption be in whole or in part, the Issuer shall cause a notice <br /> of such redemption to be filed with the Bond Registrar and to be <br /> mailed, postage prepaid, to the registered owner of each Bond to be <br /> redeemed in whole or in part at his address appearing upon the <br /> registration books of the Issuer, provided that such notice to Cede <br /> & Co. shall be given by certified or registered mail. Failure to <br /> mail such notice or any defect therein shall not affect the <br /> validity of the redemption as regards registered owners to whom <br /> 16 <br />