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2. (a) The Bonds shall be executed, for and on <br />behalf of the City, by the manual or facsimile signatures of the <br />Mayor and the Director of Finance of the City, and shall have an <br />impression of the corporate seal of the City or a facsimile <br />thereof affixed thereto or imprinted thereon, attested by the <br />manual or facsimile signature of the City Clerk of the City. <br /> <br /> (b)~ The City Manager shall direct the registrar for <br />the Bonds of a given series to authenticate such Bonds and no <br />such Bond shall be valid or obligatory for any purpose unless and <br />until the certificate of authentication endorsed on each Bond <br />shall have been manually executed by or on behalf of the <br />registrar. Upon the authentication of any Bonds the registrar <br />shall insert in the certificate of authentication the date as of <br />which such Bonds are authenticated as follows: (i) if the Bond <br />is authenticated prior to the first interest payment date, the <br />certificate shall be dated as of the date of the initial delivery <br />of and payment for the series of Bonds of which such Bond is one; <br />(ii) if the Bond is authenticated upon an interest payment date, <br />the certificate shall be dated as of such interest payment date; <br />(iii) if the Bond is authenticated after the fifteenth (15th) day <br />of the calendar month next preceding an interest payment date and <br />prior to such interest payment date, the certificate shall be <br />dated as of such interest payment date; and (iv) in all other <br />instances the certificate shall be dated as of the interest <br />payment date next preceding the date upon which the Bond is <br />authenticated. <br /> <br /> (c) The execution of the Bonds in the manner above set <br />forth is adopted as a due and sufficient authentication of the <br />Bonds. <br /> <br /> 3. (a) Both the principal of-and interest on the <br />Bonds shall be payable in such 'cain or Currency of the United <br />States of America as at the respective dates of payment thereof <br />is legal tender for public and private debts. <br /> <br /> (b) Interest on the Bonds shall be payable by check or <br />draft mailed by the registrar to the registered owners of such <br />Bonds at their respective addresses as such addresses appear on <br />the books of registry kept pursuant to the provisions of this <br />paragraph. Principal of and premium, if any, on the Bonds shall <br />be payable on presentation and surrender thereof at the principal <br />office of the registrar. <br /> <br /> (¢) At all times during which any Bond of any series <br />remains outstanding and unpaid, the registrar for such series <br />shall keep or cause to be kept at its principal office books of <br />registry for the registration, exchange and transfer of the <br />Bonds. Upon presentation at the principal office of the <br />registrar for such purpose, the registrar, under such reasonable <br />regulations as it may prescribe, shall register, exchange or <br /> <br /> <br />