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-5- If any Bond (or any portion of the principal amount thereof in installments of $5,000) shall be cai/ed for redemption, notice of the redemption thereof, specifying the date, number and maturity of such Bond, the date and place or places fixed for its redemption, the premium, if any, payable upon such redemption, and if less than the entire principal amount of such Bond is to be redeemed, that such Bond must be surrendered in exchange for the principal amount thereof to be redeemed and a new Bond or Bonds issued equalling in principal amount that portion of the principal amount thereof not to be redeemed, shall be mailed not less than thirty (30) days prior to. the date fixed for redemption by first class mail, posrage prepaid, m the registered owner of such Bond at his address as it appears on the books of registry kept by the Director of Finance of the City, as the Registrar and ?aying Agent for the Bonds (the "Registrar"), as of the close of business on the forty-fifth (45th) day next preceding the date fixed for redemption. If notice of the redemption of any Bond shall have been given as aforesaid, and payment of the principal amount of such Bond (or the portion of the principal amount thereof to be redeemed) and of the accrued interest and premium, if any, payable upon such redemption shall have been duly made or provided for, interest on such Bond shall cease to accrue from and after the date so specified for the redemption thereof. 2. The principal of and premium, if any, and interest on the Bonds shall be payable in such coin or currency of the United States of America as at the respective dates of payment is legal tender for public and private debts. The principal of and premium, if any, on the Bonds shall be payable at the off'me of the Registrar. The interest on the Bonds shall be paid by check mailed by the Registrar to the registered owners of record of the Bonds as of the fifteenth (15th) day of the calendar month next preceding each interest payment date. At all times during which any Bond remains outstanding and unpaid, the Registrar shall keep, or cause to be kept, at its principal office books of registry for the registration, exchange and transfer of the Bonds. Upon presentation at its office for such puxpose, the Registrar, under such reasonable regulations as it may prescribe, shall register, exchange or transfer, or cause to be registered, exchanged or transferred, on the books, of registry the Bonds as herein set forth. The books of registry shall at all times be open for inspection by the City or any duly authorized officer thereof. Any Bond may be exchanged at the office of the Registrar for a like aggregate principal amount of such Bonds in other authorized principal amounts of the same interest rate and maturity. Any Bond may, in accordance with its terms, be transferred upon the books of registry by the person in whose name it is registered, in person or by his duly authorized agent, upon surrender of such Bond to the Registrar for cancellation, accompanied by a written instrument of transfer duly executed by the registered owner in person or his duly authorized agent, in form satisfactory to the Registrar.