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or duly prodded for. <br />Bonds, whether �emporarFor every such exchange or transfer of <br />Registrar ma egovernmental <br />Y mor definitive, the City or the Bond <br />tax, fee or othera charge sufficient to reimburse it for any <br />respect to suc" exchange orttransfer, which rsudmtorbpaid with <br />su <br />be paid by the person requesting such exchange or transferall <br />condition precedent to the exercise of the <br />such exchange or transfer, a <br />of this Resolution, the cost Nof4,thstandingpanylothe1of making <br />each exchange or transfer, preparing Provision <br />and an g each new Bond upon <br />or the Bond Registrar incurred inyconnectionetherewith nses of he City <br />any applicable .ax, fee or other governmental char a (except <br />paid by the C '.y. The City and the Bond Registrar gshall anot bb <br />obligated to make any such exchan e <br />the fifteen y or transfer of Bonds during <br />(15) days next preceding the date of the first <br />Publication or the mailing (if there is no <br />notice of redemption of Bonds. The City and uthe cBond nRegistrar <br />shall not be required to make any transfer or exchange or an <br />Bonds called for redemption for which notice was <br />mailed. y <br />Published or <br />2..,Q7. Interest oi, any Bond which is <br />Punctually paid or duly provided for. Payable, and is <br />date shall be paid to the person in whoseunamenthatsBondYm <br />one or more Bonds for which such Bcnd was exchanged) is (or <br />registered at the close of busi^ess on the 15th day of the <br />month preceding such interest <br />any ::�.�nd which is any date. A:1y interest on <br />apayable, but is not punctually paid or duly <br />provided for, On cease to be y interest payment datE, shall fofthc,,.�n <br />payable to the registered r.,lder on the re:evant <br />regular record date solely by virtue of such holder have been <br />such holder; and such defaulted interest may be <br />City in any lawful manner, if, after Paid by the <br />to the Bond Registrar of the notice given by the City <br />to t ra h Proposed payment pursuant to this <br />paragraph, , Suc.' paym,2nt shall be deemed <br />Registrar. Subject to the foregoing 1sions of Practicable hby <br />i the Bond <br />paragraph, each Bond delivered under this Resolution upon <br />transfer of u, in exchange for or in lieu of any other Bond <br />Shall carry all the rights to interest accrued and unpaid <br />to accrue, which were carried by such other Bond and each and <br />such <br />Bond shall bear interest from such date that neither gain nor <br />loss in interest shall result from such transfer, exchange or <br />substitution, g <br />and their <br />21es o As to any Lond, the City <br />pective successors and the Bond Registrar <br />deem and treat the , each in its discretion, Tray <br />bein Person in whose name the same for the time <br />urposes g shall be registered as the absolute owner thereof for all <br />respectivenduccessorsneither tshallhe tbenaffeor he Bond Registrar nor their <br />by <br />contrary. Payment of or on accountofthe <br />any notice to the <br />such Bond shall be made onlyPrincipal any <br />to or upon the order of tthhe <br />-10- <br />