2.5 ERMUSR 05-11-2021 - Laserfiche WebLink

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9 EL185-68-707442.v4 (b) Transfer of Series 2021B Bonds. Upon surrender for transfer of any Series 2021B Bond, duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Series 2021B Bonds of a like aggregate 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 2021B Bonds. Whenever any Series 2021B Bonds are surrendered by the registered owner for exchange, the Registrar will authenticate and deliver one or more new Series 2021B Bonds of a like aggregate principal amount and maturity, as requested by the registered owner or the owner’s duly authorized attorney in writing. (d) Cancellation. All Series 2021B Bonds surrendered upon any transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When a Series 2021B Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Series 2021B Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the 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 a Series 2021B Bond is at any time registered, as of the applicable record date, in the bond register as the absolute owner of such Series 2021B Bond, whether the Series 2021B Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Series 2021B Bond and for all other purposes, and payments so made to a registered owner or upon the owner’s order will be valid and effectual to satisfy and discharge the liability of the City upon the Series 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 thereof for a transfer or exchange of Series 2021B Bonds sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Series 2021B Bonds. If a Series 2021B Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new Series 2021B Bond, of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Series 2021B Bond or in lieu of and in substitution for any such Series 2021B Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; 70