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Registrar, but failure to mail such notice shall not affect the validity of the proceedings for <br />redemption. Provided funds for their red~aption are on deposit at the place of payment on the <br />redemption date, all Bonds or portions thereof so called for redemption shall cease to bear <br />interest on such date, shall no longer be secured by the Resolution and shall not be deemed to be <br />outstanding. If a portion of this Bond shall be called for redemption, a new Bond in principal <br />amount equal to the unredeemed port/on he~mof will be issued to the registered owner upon the <br />surrender of this Bond. <br /> <br /> The Bonds are issuable as fully registered bonds in denominations of $5,000 and integral <br /> multiples thereof. Any Bond may be exchanged for a like aggregate principal amount of Bonds <br /> of the same maturity of other authorized denominations at the principal office of the Bond <br /> Registrar. <br /> <br /> This Bond may be transferred only by an assignment duly executed by the registered <br /> owner hereof or such owner's attorney or legal representative ~n a form satisfactory to the Bond <br /> Registrar. Such transfer shall be made in the registration books kept by the Bond Registrar upon <br /> presentation and surrender hereof and the City shall execute, and the Bond Registrar shall <br /> authenticate and deliver m exchange, a new Bond or Bonds having an equal aggregate principal <br /> amoum, in authorized denominanons, of the same form and maturity, bearing interest at the same <br /> rare, and registered in names as requested by the then registered owner hereof or such owner's <br /> attorney or legal representative. Any such exchange shall be at the expense of the City, except <br /> that the Bond Registrar may charge the person requesting such exchange the amount of any tax <br /> or other governmental charge required to be paid with respect thereto. <br /> <br /> <br />