2.3a ERMUSR 06-08-2021 - Laserfiche WebLink

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Bond and for all other purposes, and payments so made to a registered owner or upon the d and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. (g)Taxes, Fees and Charges. The Registrar mayimpose a charge upon the owner thereof for a transfer or exchange of Bonds, sufficient to reimburse theRegistrar 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 Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will delivera new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for any Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory tothe Registrarthat the Bond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to the RegistrarFand as provided by law, in which both the City, the Commission,and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the Commission. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it willnotbenecessary to issue a new Bond prior to payment. (i)Redemption. In theevent any of the Bonds are called for redemption, written notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemptionnotice by first class mail (postage prepaid) not less than 30 days prior to the date of redemptionto the registered owner of each Bond to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail toany registered owner, or any defect therein, will not affect the validity of the proceedingsfor the redemption of Bonds. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are ondeposit with the place of payment at that time. 3.04.Appointmentof Initial Registrar. The City appoints U.S. Bank National Association,St. Paul, Minnesota, as the initialRegistrar. ThePresident and Secretaryare authorized to execute and deliver,on behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conductsuch business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the rightto remove the Registrar upon 30cessor Registrar, in which event the predecessor Registrar must deliver all cashand Bonds in its possession to the successor Registrar and deliver the bond register to thesuccessor Registrar. On or before each principal or EL185-69-713323.v2 6 41