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by this Ordinance. There may be endorsed on the Bonds such legend or text as may be necessary or appropriate to conform to any applicable rules and regulations of any governmental authority or any usage or requirement of law with respect thereto. 6. Appointment of Registrar and Paying Agent. The City Representative is authorized and directed to appoint a Registrar and Paying Agent for the Bonds, which may be a bank or other financial institution capable of performing such duties, and as long as the Bonds are in book entry form, such Registrar and Paying Agent may be the Chief Financial Officer. The City Council may appoint a subsequent Registrar and/or one or more Paying Agents for the Bonds by subsequent resolution and upon giving written notice to the owners of the Bonds specifying the name and location of the principal office of any such Registrar or Paying Agent. 7. Execution of Bonds. The City Manager and the Clerk of the City are authorized and directed to execute the Bonds, to affix the seal of the City thereto, and to deliver the Bonds to the purchaser thereof upon payment of the purchase price. The manner of execution and affixation of the seal may be by facsimile, provided, however, that if the signatures of the City Manager and the Clerk are both by facsimile, the Bonds shall not be valid until signed at the foot thereof by the manual signature of the Registrar. 8. Registration, Transfer and Exchange. Upon surrender for transfer or exchange of any Bond at the principal office of the Registrar, the City shall execute and deliver and the Registrar shall authenticate in the name of the transferee or transferees a new Bond or Bonds of any authorized denomination in an aggregate principal amount equal to the Bond surrendered