Laserfiche WebLink
11. <br /> <br />12. <br /> <br />transferor; provided, however, that no Bond may be registered in blank or in the <br />name of "bearer" or similar designation. <br /> <br /> At the option of the registered owner thereof, Bonds may be exchanged for <br />Bonds of any authorized denomination or denominations of alike aggregate principal <br />amount and stated maturity, upon surrender of the Bonds to be exchanged at the <br />principal office of the Bond Registrar. Whenever any Bonds are so surrendered for <br />exchange, the City shall execute (if necessary), and the Bond Registrar shall <br />authenticate, insert the 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 for in this <br />Resolution shall be promptly canceled by the Bond Registrar and thereafter disposed <br />of as directed by the City. <br /> <br /> All Bonds delivered in exchange for or upon transfer of Bonds shall be valid <br />obligations of the City evidencing the same debt and entitled to the same benefits <br />under this Resolution as the Bonds surrendered for such exchange or transfer. <br /> <br /> Every Bond presented or surrendered for transfer or exchange shall be duly <br />endorsed or be accompanied by a written instrument of transfer, in form satisfactory <br />to the Bond Registrar, duly executed by the registered owner thereof or the registered <br />owner's attorney duly authorized in writing. <br /> <br /> The Bond Registrar may require payment of a sum sufficient to cover any tax <br />or other governmental charge payable in connection with the transfer or exchange of <br />any Bond and any legal or unusual costs regarding transfers and lost Bonds. <br /> <br /> Transfers shall also be subject to reasonable regulations of the City contained <br />in any agreement with the Bond Registrar, including regulations which permit the <br />Bond Registrar to close its transfer books between record dates and payment dates. <br /> <br />Rights Upon Transfer or Exchange. Each Bond delivered upon transfer of or in <br />exchange for or in lieu of any other Bond shall carry all the rights to interest accrued <br />and unpaid, and to accrue, which were carried by such other Bond. <br /> <br />Interest Payment; Record Date. Interest on any Bond shall be paid on each Interest <br />Payment Date by check or draft mailed to the person in whose name the Bond is <br />registered (the "Holder") on the registration books of the City maintained by the <br />Bond Registrar and at the address appearing thereon at the close of business on the <br />fifteenth (15 th) day of the calendar month next preceding such Interest Payment Date <br />(the "Regular Record Date"). Any such interest not so timely paid shall cease to be <br />payable to the person who is the Holder thereof as of the Regular Record Date and <br /> <br />1217692.1 17 <br /> <br /> <br />