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only in part, it shall be surrendered to the Bond Registrar <br /> • (with, if the City or the Bond Registrar so requires, a written <br /> instrument of transfer in form satisfactory to the City and the <br /> Bond Registrar duly executed by the holder thereof or his <br /> attorney duly authorized in writing) and the City shall execute <br /> and the Bond Registrar shall authenticate and deliver to the <br /> holder of such Bond, without service charge, a new Bond or <br /> Bonds of the same series having the same stated maturity and <br /> interest rate and of any authorized denomination or <br /> denominations, as requested by such holder, in aggregate <br /> principal amount equal to and in exchange for the unredeemed <br /> portion of the principal of the Bond so surrendered. <br /> 6. , in <br /> Minnesota is appointed to act as bond registrar and transfer <br /> agent (the "Bond Registrar") and shall do so unless and until a <br /> successor Bond Registrar is duly appointed, all pursuant to any <br /> contract the City and Bond Registrar shall execute which is <br /> consistent herewith. The Bond Registrar shall also serve as <br /> paying agent unless and until a successor paying agent is duly <br /> appointed. Principal and interest on the Bonds shall be paid <br /> to the registered holders (or record holder) of the Bonds in <br /> the manner set forth in the form of Bond and paragraph 12 of <br /> this resolution. <br /> 7. The Bonds to be issued hereunder, together with <br /> • the Bond Registrar's Certificate of Authentication, the form of <br /> Assignment and the registration information thereon shall be in <br /> substantially the following form: <br /> III <br /> 4 <br />