5.3. SR 08-02-2004 - Laserfiche WebLink

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(d) Cancellation. All Series 2004A Bonds surrendered upon any transfer or exchange shall be promptly canceled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When any Series 2004A Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the same until it is satisfied that the endorsement on such Series 2004A Bond or separate instrument of transfer is legally authorized. The Registrar shall incur no liability for its refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the Person in whose name any Series 2004A Bond is at any time registered in the Bond Register as the absolute owner of such Series 2004A Bond, whether such Series 2004A Bond shall be overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on such Series 2004A Bond and for all other purposes, and all such payments so made to any such registered owner or upon the owner's order shall be valid and effectual to satisfy and discharge the liability of the City upon such Series 2004A Bond to the extent of the sum or sums so paid. (g) Taxes Fees and Charges. For every transfer or exchange of Series 2004A Bonds (except for an exchange upon a partial redemption of a Series 2004A Bond), the Registrar may impose upon the owner thereof a charge sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Series 2004A Bonds. In case any Series 2004A Bond shall become mutilated or be lost, stolen or destroyed, the City shall execute and the Registrar shall authenticate and deliver a new Series 2004A Bond of the same series, of like amount, number, maturity date and tenor, in exchange and substitution for and upon cancellation of any such mutilated Series 2004A Bond or in lieu of and in substitution for any such Series 2004A Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith, and, in the case of a Series 2004A Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith, and, in the case of a Series 2004A Bond lost, stolen or destroyed, upon filing with the Registrar of evidence satisfactory to it that such Series 2004A Bond was lost, stolen or destroyed, and of the ownership thereof, and upon fumishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to it, in which the City, the Commission, and the Registrar shall be named as obligees. All Series 2004A Bonds so surrendered to the Registrar shall be canceled by it and evidence of such cancellation shall be given to the Commission. If the mutilated, lost, stolen or destroyed Series 2004A Bond has already matured or been called for redemption in accordance with its terms, it shall not be necessary to issue a new Series 2004A Bond prior to payment. 6.02. Appointment of Initial Registrar. , in ., Minnesota, is hereby appointed as the initial Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank 1670578vl 15