5.2b ERMUSR 04-13-2021 - Laserfiche WebLink

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TEMPLATE RESOLUTION principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the 15th day of the month preceding each interest payment date and until that interest payment date. (c)Exchange of Series 2021BBonds. Whenever any Series 2021BBonds are surrendered by the registered owner for exchange, the Registrar will authenticate and deliver one or more new Series 2021BBonds of alike aggregate principal amount and maturity, as requested by the registered owner or the ownersduly authorizedattorney in writing. (d)Cancellation. All Series 2021BBonds surrendered upon any transfer or exchange will be promptly cancelled by the Registrar and thereafter disposedof as directed by the City. (e)Improper or Unauthorized Transfer. When aSeries 2021BBond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bonduntil the Registrar is satisfied that the endorsement on theSeries 2021BBond or separate instrument of transfer isvalid andgenuine and that the requestedtransfer islegally authorized. The Registrar will incur no liability fortherefusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f)Persons Deemed Owners. The City and the Registrar maytreat the person in whose name aSeries 2021BBond is at any time registered, as of the applicable record date, in the bondregister as the absolute owner of such Series 2021BBond, whether the Series 2021BBond isoverdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on theSeries 2021BBond and for all other purposes, and payments so made to aregistered owner or upon the owners order will be valid and effectual to satisfy and discharge the liability of the City upon theSeries 2021B Bond to the extent of the sum or sums so paid. (g)Taxes Fees and Charges. The Registrar may impose a charge upon the owner thereofforatransfer or exchange of Series 2021B Bondssufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect tothetransfer or exchange. (h)Mutilated, Lost, Stolen or Destroyed Series 2021BBonds. IfaSeries 2021BBond becomesmutilated or isdestroyed,stolen or lost,theRegistrar willdeliver a new Series 2021BBond, of like amount, number, maturity date and tenorin exchange and substitution for and upon cancellation of themutilated Series2021BBond or in lieu of and in substitution for any such Series 2021BBond destroyed, stolen orlost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Series 2021BBond destroyed,stolen or lost, upon filing with the Registrar of evidence satisfactory to the RegistrarthattheSeries 2021BBond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing tothe Registrar an appropriate bond or indemnity in form,substance and amount satisfactory to itand as provided by law, in which the City, the Commission, and the Registrar mustbe named as obligees. Series 2021BBonds so surrendered to the Registrar willbe cancelled 9 EL185-68-707442.v2 395