2.3a ERMUSR 06-08-2021 - Laserfiche WebLink

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which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds is payable on February 1 and August 1 of each year, commencing February 1, th 2022, to the registered owners thereof of record as of the close of business on the 15day of the immediately preceding month, whether or not that day is a business day. 3.03.Registration. TheCity,by the Commission, will appointand will maintain,a bond registrar, transfer agent, of registrationand the rights and duties of the City and the Registrar with respect thereto are as follows: (a)Register. The Registrar will keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to beregistered, transferred or exchanged. (b)Transfer of Bonds. Upon surrender for transfer of anyBond 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 Bonds of a like aggregateprincipal 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 eachinterest payment date and until that interest payment date. (c)Exchange of Bonds. Whenever any Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owns attorney in writing. (d)Cancellation. All 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 Bond is presentedto the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registraris satisfied that the endorsement on the 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 itsjudgment, deems improper or unauthorized. (f)Persons Deemed Owners. The City andthe Registrar may treat the person in whose name a Bond is at any time registered, as of the applicable record date,in the bond register as the absolute owner of such Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the EL185-69-713323.v2 5 40