Laserfiche WebLink
<br />same stated maturity and interest rate, as requested by the <br />transferor; provided, however, that no Bond may be registered in <br />blank or in the name of "bearer" or similar designation. <br /> <br />. <br /> <br />At the option of the registered owner of a Bond, Bonds may <br />be exchanged for Bonds of any authorized denomination or <br />denominations of a like aggregate principal amount and stated <br />maturity, upon surrender of the Bonds to be exchanged at the <br />principal office of the Bond Registrar. Whenever any Bonds are <br />so surrendered for exchange, the City shall execute (if <br />necessary), and the Bond Registrar shall authenticate, insert the <br />date of registration of, and deliver the Bonds which the <br />registered owner making the exchange is entitled to receive. <br /> <br />All Bonds surrendered upon any exchange or transfer provided <br />for in this Resolution shall be promptly canceled by the Bond <br />Registrar and thereafter disposed of as directed by the City. <br /> <br />All Bonds delivered in exchange for or upon transfer of <br />Bonds shall be valid obligations of the City evidencing the same <br />debt, and entitled to the same benefits under this Resolution, as <br />the Bonds surrendered for such exchange or transfer. <br /> <br />Every Bond presented or surrendered for transfer or exchange <br />shall be duly endorsed or be accompanied by a written instrument <br />of transfer, in form satisfactory to the Bond.Registrar, duly <br />executed by the registered owner thereof or his, her or its <br />attorney duly authorized in writing. . <br /> <br />The Bond Registrar may require paYment of a sum sufficient <br />to cover any tax or other governmental charge payable in <br />connection with the transfer or exchange of any Bond and any <br />legal or unusual costs regarding transfers and lost Bonds. <br /> <br />Transfers shall also be subject to reasonable regulations of <br />the City contained in any agreement with, or notice to, the Bond <br />Registrar, including regulations which permit the Bond Registrar <br />to close its transfer books between record dates and paYment <br />dates. <br /> <br />12. Riqhts Upon Transfer or Exchange. Each Bond delivered <br />upon transfer of or in exchange for or in lieu of any other Bond <br />shall carryall the rights to interest accrued and unpaid, and to <br />accrue, which were carried by such other Bond. <br /> <br />13. Interest PaYment: Record Date. Interest on any Bond <br />shall be paid on each Interest Payment Date by check or draft <br />mailed to the person in whose name the Bond is registered on the <br />registration books of the City maintained by the Bond Registrar <br />and at the address appearing thereon at the close of business on <br />the fifteenth (15th) day of the calendar month preceding such <br />Interest Payment Date (the "Regular Record Date"). Any such <br />interest not so timely paid shall cease to be payable to the <br />person who is the registered owner thereof as of the Regular . <br />Record Date, and shall be payable to the person who is the <br /> <br />1079939.2 <br /> <br />18 <br />