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<br />. <br /> <br />. <br /> <br />. <br /> <br />records, as provided in Section 10 below. The City <br />Clerk/Administrator is authorized and directed to deliver a <br />certified copy of this Bond Resolution to the County Auditor of <br />Ramsey County, together with such other information as the County <br />Auditor may require, and obtain the certificate of the County <br />Auditor as to entry of the Bond on his bond register as required <br />by the Act and Section 475.63, Minnesota Statutes. <br /> <br />9. Mutilated. Lost. Stolen or Destroved Bond. If the <br />Bond is mutilated, lost, stolen or destroyed, the City may <br />execute and deliver to the Holder a new Bond of like amount, <br />date, number and tenor as that mutilated, lost, stolen or <br />destroyed; provided that, in the case of mutilation, the <br />mutilated Bond shall first be surrendered to the City, and in the <br />case of a lost, stolen or destroyed Bond, there shall be first <br />furnished to the City and the Borrower evidence of such loss, <br />theft or destruction satisfactory to the City and the Borrower, <br />together with indemnity satisfactory to them. The City and <br />Borrower may charge the Holder with their reasonable fees and <br />expenses in replacing any mutilated, lost, stolen or destroyed <br />Bond. <br /> <br />10. Transfer of Bond; Person Treated as Holder. The <br />Bond shall be transferable by the Holder only on the registration <br />records of the City, upon presentation of the Bond for notation <br />of such transfer thereon at the office of the City <br />Clerk/Administrator, as Bond registrar, accompanied by a written <br />instrument of transfer in form satisfactory to the City <br />Clerk/Administrator and the City Attorney duly executed by the <br />Holder or its attorney duly authorized in writing. The Bond <br />shall continue to be subject to successive transfers in such <br />manner at the option of the Holder of the Bond. No service <br />charge shall be made for any such transfer, but the City <br />Clerk/Administrator may require payment of a sum sufficient to <br />cover any tax or other governmental charge payable in connection <br />therewith, which the Borrower shall pay under the Loan Agreement. <br />The person in whose name the Bond shall be issued or, if <br />transferred, shall be registered from time to time shall be <br />deemed and regarded as the absolute Holder thereof for all <br />purposes, and payment of or on account of the principal of and <br />interest on the Bond shall be made only to or upon the order of <br />the Holder thereof, or its attorney duly authorized in writing, <br />and neither the City, the City Clerk/Administrator, the Borrower, <br />nor the Lender shall be affected by any notice to the contrary. <br />All such payments shall be valid and effectual to satisfy and <br />discharge the liability upon the Bond to the extent of the sum or <br />sums so paid. The Bond shall be initially registered in the name <br />of the Lender. <br /> <br />11. Amendments. Chanqes and Modifications to Documents <br />and Bond Resolution. Except pursuant to Section 9.09 of the Loan <br />Agreement, the City shall not enter into or make any change, <br /> <br />-5- <br />