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5 books of registry kept by the Registrar and Paying Agent for the Bonds to be hereinafter designated by the Council (the "Registrar"), as of the close of business on the forty-fifth (45th) day 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 amoun~ 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 ~o 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 a~ the respec- tive da~es of paymen~ is legal tender for public and private debts. The principal of and premium, if any, on the Bonds shall be payable at the principal corporate trust office of the Registrar. The interest on the Bonds shall be paid by check mailed by the Registrar to the holders of record o~ the Bonds as of the fifteenth (15th) day of the calendar month next preceding each interest paymen~ date. At all times during which any Bond remains outstanding and unpaid, the Registrar shall keep, or cause to be kept, at its principal corporate trust office books of registry for the registration, exchange and transfer of the Bonds. Upon presentation at its principal corporate trust office for such purpose, the Registrar, under such reason- able 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 principal corporate trust 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 holder in person or his duly authorized agent, in form satisfactory to the Registrar.