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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. (g) All transfers or exchanges pursuant to this paragraph shall be made without expense to the registered owner of such Bonds, except as otherwise herein provided, and except that the registrar shall require the payment by the registered owner of the Bond requesting such transfer or exchange of any tax or other governmental charges required to be paid with respect to such transfer or exchange. All Bonds surrendered pursuant to this paragraph shall be cancelled. . .. 4. The full faith and credit of the City shall be and hereby is irrevocably pledged to the payment of the principal of and interest on the Bonds as the same respectively become due and payable. In each year while the Bonds, or any of them, are outstanding and unpaid, there shall be assessed, levied and collected, at the time and in the same manner as other taxes in the City are assessed, levied and collected, an ad valorem tax upon all property subject to taxation by the City, without limitation as to rate or amount, sufficient to provide for the payment of the principal of and interest on the Bonds as the same respectively become due and payable, ff the revenues of the aforesaid undertaking consisting of the water and sewerage system are insufficient to meet the obligations herein set forth. 5. CUSIP identification numbers may be printed on the Bonds, but no such number shall constitute or be deemed to be a part of the contract evidenced by the particular Bond upon which it is printed and no liability shall attach to the City or any officer or agent thereof (including any paying agent for the Bonds) by reason of such numbers or any use made thereof (including any use made thereof by the City, any such officer or any such agent) or by reason of any inaccuracy, error or omission with respect thereto or in such use. All expenses in relation to the printing of such numbers on the Bonds shall be paid by the City including the CUSIP Service Bureau charge for the assignment of such numbers. 6. The City covenants that it shall comply with the provisions of Section 103 and 141-150 of the Internal Revenue Code of 1986 and the Treasury Regulations promulgated or proposed to be promulgated thereunder, applicable to the Bonds, throughout the term of the Bonds. 7. The Bonds shall not be included in determining the limitation upon the power of the City to incur indebtedness under the provisions of Article VII, Section 10, of the Constitution of Virginia, but from and after November 6, 1995, whenever and for so long as the City's water and sewerage system fails to produce sufficient revenues to pay the cost of operation and administration (including interest on bonds issued therefor), the cost of insurance against loss or injuries to persons and property, and an annual amount to be placed into a sinking fund sufficient m pay at or before maturity all bonds (including the Bonds) issued on account of such system, all such bonds (including the Bonds) outstanding )