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This Bond may be transferred only by an assignment duly executed by the registered <br />owner hereof or such owner's attorney or legal representative in a form satisfactory, to the Bond <br />Registrar. Such transfer shall be made in the registration books kept by the Bond Registrar upon <br />presentation and surrender hereof and the City shall execute, and the Bond Registrar shall <br />authenticate and deliver in exchange, a new Bond or Bonds having an equal aggregate principal <br />mount, in authorized denominations, of the same form and maturity, bearing interest at the same <br />rate, and registered in names as requested by the then registered owner hereof or such owners <br />attorney or legal representative. Any such exchange shall be at the expense of the City, except <br />that the Bond Registrar may charge the person requesting such exchange the amount of any tax <br />or other governmental charge required to be paid with respect thereto. <br /> <br /> The City may designate a successor Bond Registrar and/or paying agent, provided that <br />written notice specifying the name and location of the principal office of any such successor <br />shall be given to the registered owner of the Bonds. Upon registration of transfer of this Bond, <br />the Bond Registrar shall famish written notice to the transferee of the name and location of the <br />principal office of the Bond Registrar and/or the paying agent. <br /> <br /> The Bond Registrar shall treat the registered owner as the person exclusively entitled to <br />payment of principal and interest and the exercise of all other rights and powers of the owner, <br />except that interest payments shall be made to the person shown as the owner on the registration <br />books on the 15th day of the month preceding each interest payment date. <br /> <br /> This Bond shall not be valid or obligatory for any purpose unless and until authenticated <br />at the foot hereof by the Bond Registrar. <br /> <br /> It is hereby certified and recited that all acts, conditions and things required by the <br />Constitution and statutes of the Commonwealth of Virginia to happen, exist or be performed <br />-13- <br /> <br /> <br />