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C <br /> <br />payment for the series of Bonds of which this Bond is one; (ii) if the Bond is authenticated <br />upon an interest payment' date, the certificate shall be dated as of such interest payment <br />date; (iii) if the Bond is authenticated after the fifteenth (15th) day of the calendar month <br />next preceding an interest payment date and prior to such interest payment date, the <br />certificate shall be dated as of such interest payment date; and (iv) in all other instances the <br />certificate shall be dated as of the interest payment date next preceding the date upon which <br />the Bond is authenticated. <br /> <br /> (c) The execution of the Bonds in the manner above set forth is adopted <br />as a due and sufficient authentication of the Bonds. '.~ <br /> <br /> 3. (a) Both the principal of and interest on the Bonds shall be payable <br />in such coin or currency of the United States of America as at the respective dates of <br />payment thereof is legal tender for public and private debts. <br /> <br /> (b) Interest on the Bonds shall be payable by check or draft mailed by the <br />registrar to the registered owners of such Bonds at their respective addresses as such <br />addresses appear on the books of registry kept pursuant to the provisions of this paragraph. <br />Principal of and premium, if any, on the Bonds shall be payable on presentation and <br />surrender thereof at the principal office of the registrar. <br /> <br /> (c) At all times during which any Bond of any series remains outstanding <br />and unpaid, the registrar for such series shall keep or cause to be kept at its principal office <br />books of registry for the registration, exchange and 'transfer:6f the': Bonds. Upon <br />presentation' at the principal office of the registrar for such purpose, the registrar, under <br />such reasonable regulations as it may prescribe, shall register, exchange or transfer, or cause <br />to be registered, exchanged or transferred, on the books of registry the Bonds as herein set <br />forth. .:~- :: ~z~- ~ -. <br /> <br /> (d) ' The books of registry shall at all times be open for inspection by the <br />City or any duly authorized officer thereof. <br /> <br /> (e) Any Bond may be exchanged at the principal office of the registrar for <br />such series of Bonds for a like aggregate principal amount of such Bonds in other authorized <br />principal amounts of the same series, interest rate and maturity <br /> <br /> (f) Any Bond of a given series may, in accordance with its terms, be <br />transferred upon the books of registry by the person in whose name it is registered, in <br />person or by his duly authorized .agent, upon surrender of such Bond to the registrar for <br />cancellation', accompanied by a writteninstrument of transfer ffuly executed by the registered <br />owner !n pers~_ n Or h_is duly aut~h_o[ize_d agent, in form satisfactory to the registrar. <br /> <br /> (g) All transfers or exchanges pursuant to this paragraph shall be made <br />without expense to the registered owner of such Bonds, except as otherwise herein provided, <br />and except that the registrar shall require the payment by the registered owner of the Bond <br /> <br /> <br />