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7. Registration. Transfer and Exchange. Upon surrender for transfer or exchange of the 2001 Notes at the principal office of the Registrar, the City shall execute and deliver and the Registrar shall authenticate in the name of the transferee or transferees a new 2001 Note or Notes of any authorized denomination in an aggregate principal amount equal to the 2001 Note surrendered and of the same form and maturity and bearing interest at the same rate as the 2001 Note surrendered, subject in each case to such reasonable regulations as the City and the Registrar may prescribe. All 2001 Notes presented for transfer or exchange shall be accompanied by a written instrument or instruments of transfer or anthorization for exchange, in form and substance reasonably satisfactory to the City and the Registrar, duly executed by the registered owner or by his or her duly authorized attorney-in-fact or legal representative. No 2001 Note may be registered to bearer. New 2001 Notes delivered upon any transfer or exchange shall be valid obligations of the City, evidencing the same debt as the 2001 Notes surrendered, shall be entitled to all of the security and benefits hereof to the same extent as the 2001 Notes surrendered. 8. Charges for Exchange or Transfer. No charge shall be made for any exchange or transfer of 2001 Notes, but the City may require payment by the registered owner of any 2001 Note of a sum sufficient to cover any tax or other governmental charge which may be imposed with respect to the transfer or exchange of such 2001 Note. 9. Further Actions. The City Manager and the Chief Financial Officer and such officers and agents of the City as either of them may designate are authorized and directed to take such further action as they deem necessary regarding the issuance and sale of the 2001