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denomination or denominations of a like aggregate principal <br /> amount, having the same stated maturity and interest rate, as <br /> requested by the transferor; provided, however, that no bond <br /> may be registered in blank or in the name of "bearer" or <br /> similar designation. <br /> At the option of the holder, Bonds may be exchanged <br /> for Bonds of any authorized denomination or denominations of a <br /> like aggregate principal amount and stated maturity, upon <br /> surrender of the Bonds to be exchanged at the principal office <br /> of the Bond Registrar. Whenever any Bonds are so surrendered <br /> for exchange, the City shall execute (if necessary) , and the <br /> Bond Registrar shall authenticate, insert the date of <br /> registration of, and deliver the Bonds which the holder making <br /> the exchange is entitled to receive. <br /> All Bonds surrendered upon any exchange or transfer <br /> provided for in this resolution shall be promptly cancelled by <br /> the Bond Registrar and thereafter disposed of as directed by <br /> the City. <br /> All Bonds delivered in exchange for or upon transfer <br /> of Bonds shall be valid general obligations of the City <br /> evidencing the same debt, and entitled to the same benefits <br /> under this resolution, as the Bonds surrendered for such <br /> exchange or transfer. <br /> • Every Bond presented or surrendered for transfer or <br /> exchange shall be duly endorsed or be accompanied by a written <br /> instrument of transfer, in form satisfactory to the Bond <br /> Registrar, duly executed by the holder thereof or his attorney <br /> duly authorized in writing. <br /> The Bond Registrar may require payment of a sum <br /> sufficient to cover any tax or other governmental charge <br /> payable in connection with the transfer or exchange of any <br /> Bond. <br /> Transfers shall also be subject to reasonable regula- <br /> tions of th City contained in any agreement with the Bond <br /> Registrar, 'ncluding regulations which permit the Bond <br /> Registrar t close its transfer books between record dates and <br /> payment dat s. <br /> 11 Each Bond delivered upon transfer of or in <br /> exchange fo or in lieu of any other Bond shall carry all the <br /> rights to i terest accrued and unpaid, and to accrue, which <br /> were carrie by such other Bond. <br /> • <br /> 13 <br />