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IP-' <br />r s <br />t'iM <br />i <br />V <br />(>{i::: <br />:/ <br />5 <br />rA-.'it .;♦ <br />■ ’w/ :Vv <br />te'’ <br />office of the Bond Registrar an office or agency for the payment <br />of the principal of and interest on such Bonds, as in this <br />Resolution provided, and for the registration and transfer of <br />such Bonds, and shall also keep at said office of the Bond <br />Registrar books for such registration and transfer. Upon <br />surrender for treuisfer of any Bond at the office of the Bond <br />Registrar with a written instrument of transfer satisfactory to <br />the Bond Registrar, duly executed by the registered owner or the <br />owner's duly authorized attorney, and upon payment of any tax, <br />fee or other governmental charge rec[uired to be paid with respect <br />to such transfer, the City shall execute and the Bond Registrar <br />shall authenticate and deliver, in the name of the designated <br />trauosferee or transferees, one or more fully registered Bonds of <br />the same series, of any authorized denominations and of a like <br />aggregate principal amount, interest rate and maturity. The <br />Bonds, upon surrender thereof at the office of the Bond <br />Registrar, may, at the option of the registered owner thereof, be <br />exchanged for aui equal aggregate principal amount of Bonds of the <br />same maturity and interest rate of any authorized denominations. <br />In all cases in which the privilege of exchanging Bonds or <br />transferring fully registered Bonds is exercised, the City shall <br />execute and the Bond Registrar shall deliver Bonds in accordance <br />with the provisions of this Resolution. For eve^ such exchange <br />or transfer of Bonds, whether temporary or definitive, the City <br />or the Bond Registrar may make a charge sufficient to reimburse <br />it for any tax, fee or other governmental charge required to be <br />paid with respect to such exchange or transfer, which sum or sums <br />shall be paid by the person requesting such exchange or transfer <br />as a condition precedent to the exercise of the privilege of <br />making such exchamge or transfer. Notwithstanding any other <br />provision of this Resolution, the cost of preparing each new Bond <br />upon each exchange or transfer, emd any other expenses of the <br />City or the Bond Registrar incurred in connection therewith <br />(except any appliccd^le tax, fee or other governmental charge) <br />shal.l be paid by the City. The City and the Bond Registrar shall <br />not be obligated to make any such exchange or transfer of Bonds <br />during the fifteen (15) days next preceding the date of the first <br />publication or the mailing (if there is no publication) of notice <br />of redein)tion in the case of a proposed reden^tion of Bonds or to <br />make any transfer or exchange of any Bonds during the fifteen <br />(15) days next preceding any February 1 or August 1 interest <br />payment date. <br />7. Interest on any Bond which is payable, and is <br />punctually paid or duly provided for, c^. any interest payment <br />date shall be paid to the person in whcje name that Bond (or one <br />or more Bonds for which such Bond was exchanged) is registered at <br />the close of business on the 15th day of the month preceding such <br />interest payment date. Any interest on any Bond which is <br />payable, but is not punctually paid or duly provided for, on any <br />interest payment date shall forthwith cease to be payable to the <br />registered holder on the relevant regular record date solely by <br />-9-