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The City may designate a successor Bond Registrar and/or paying agem, provided that <br /> written notice specifying the name and location of the pnnc~pal office of any such successor <br /> shall be g~ven to the registered owner of the Bonds. Upon registration of transfer of this Bond, <br /> the Bond Registrar shall furnish written notice to the transferee of the name and location of the <br /> principal office of the Bond Registrar and/or the pa3qng agent. <br /> <br /> The Bond Registrar shall treat the registered owner as the person exclusively entitled to <br />payment of principal and interest and the exercise of all other rights and powers of the owner, <br />except that interest payments shalI be made to the person shown as the owner on the registration <br />books on the 15th day of the month preceding each interest payment date. <br /> <br /> This Bond shall not be valid or obligatory for any purpose unless and until authenticated <br />at the foot hereof by the Bond Registrar <br /> <br /> It is hereby certified and recited that al1 acts. conditions and things required by the <br />Consutution and statutes of the Commonwealth of Virgima to happen, exist or be performed <br />precedent to the issuance of this Bond have happened, exist or been performed in due time. form <br />and manner as so required and that the indebtedness evidenced by this Bond is within every debt <br />and other limit prescribed by the Constitution and statutes of the Commonwealth of Virginia. <br /> <br /> <br />