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<br />b~ secured by the Ordinance and shall not be deemed to be outstanding. If a portion of this Bond <br /> <br />shall be calhl for redemption. a new Bond in principal amount equal to the unredeemed portion <br /> <br />hcn:ofwil1 be issued to the registered owner upon the surrender of this Bond. <br /> <br />The Bonds are issuable as fully registered bonds in denominations of $5.000 and integral <br /> <br />multipks thcreof. Any Bond may be exchanged for a like aggregate principal amount of Bonds <br /> <br />of thc same maturity of other authorized denominations at the principal office of the Registrar. <br /> <br />This Bond may be trans felTed only by an assignment duly executed by the registered <br /> <br />owner hereof or such owner's attorney or legal representative in a form satisfactory to the <br /> <br />Registrar. Such transfer shall be made in the registration books kept by the Registrar upon <br /> <br />prcsentation and surrender hereof and the City shall execute, and the Registrar shall authenticate <br /> <br />and deliver in cxchange, a new Bond or Bonds having an equal aggregate principal amount, in <br /> <br />authorized denominations, of the same form and maturity, bearing interest at the same rate, and <br /> <br />regis\Cred in names as requested by the then registered owner hereof or such owner's attorney or <br /> <br />legal representative. Any such exchange shall be at the expense of the City, except that the <br /> <br />Registrar may charge the person requesting such exchange the amount of any tax or other <br /> <br />governmental charge required to be paid with respect thereto. <br /> <br />The City may designate a successor Registrar and/or paying agent, provided that written <br /> <br />notice specifying the name and location of the principal office of any such successor shall be <br /> <br />given to the rcgistered owner of the Bonds. Upon registration of transfer of this Bond, the <br /> <br />Registrar shall furnish written notice to the transferee of the name and location of the principal <br /> <br />office 01' the Registrar and/or the paying agent. <br /> <br />The R~gistrar shall treat the registered owner as the person eXClusively entitled to <br /> <br />paYJl1~nt of principal and intercst and the exercise of all other rights and powers of the owner. <br /> <br />-4- <br />