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(e) be payable as to both principal and interest <br /> to the registered holder thereof at the address shown on <br /> the Note Register; and <br /> (f) be subject to prepayment by the City from <br /> funds supplied by Plaisted at the times and prices set <br /> forth in Section 5. 01 of the Agreement. The redemption <br /> price having been so deposited and notice of redemption <br /> having been given if required under the provisions of said <br /> Section 5. 01, the principal amounts prepaid shall, after <br /> such date , cease to bear interest. <br /> 5. 03. Execution. The Note shall be executed on <br /> behalf of the City by the signatures of the Mayor and City <br /> Clerk and shall be sealed with its corporate seal. In <br /> case any officer whose signature shall appear on the Note <br /> shall cease to be such officer before the delivery <br /> thereof, such signature shall nevertheless be valid and <br /> sufficient for all purposes. <br /> 5. 04. Mutilated, Lost and Destroyed Note. In <br /> case the Note shall become mutilated or be destroyed or <br /> lost, the City shall cause to be executed and delivered a <br /> 410 new note of like outstanding principal amount and tenor in <br /> exchange and substitution for and upon cancellation of the <br /> mutilated note, or in lieu of and in substitution for such <br /> note destroyed or lost, upon the holder' s paying the <br /> reasonable expenses and charges of the City in connection <br /> therewith, and, in case the note is destroyed or lost, its <br /> filing with the City evidence satisfactory to it. <br /> 5. 05. Registration of Transfer. The City will <br /> cause to be kept at the office of the City Clerk a Note <br /> Register in which, subject to such reasonable regulations <br /> as it may prescribe, the City shall provide for the <br /> registration of transfers of ownership of the Note. The <br /> Note shall be transferable upon the Note Register by the <br /> holder thereof in person or by its attorney duly <br /> authorized in writing , upon surrender of the Note together <br /> with a written instrument of transfer satisfactory to the <br /> City Clerk, duly executed by the holder or its duly <br /> authorized attorney. Upon such transfer the City Clerk <br /> shall note the date of registration and the name and <br /> address of the new holder in the Note Register. The City <br /> may deem and treat the person in whose name each note is <br /> last registered in the Note Register as the absolute owner <br /> 111 <br /> -14- <br />