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<br />.. .~- <br /> <br />(f) Persons Deemed OWners. The.CityaDd the Registrar may treat the <br />I person in whose Dame a Bond is regis tered 1n the bond relis ter as the <br />absolute owner of the Bond. whether the Bond is overdue or Dot. for the <br />purpose of receiving payment of. or OD account of. the principal of anel <br />interest OD the Boad and for all. other purposes and payments so made to <br />registered owner or upon the ovaer's order will be valid and effectual to <br />satisfy aad discharge the liability upon such Bond to the ext.nt of the sum <br />or SUlDS so paid. <br /> <br />(I) Taxes. Fees aDd Charges. For a transfer or exchange of Bonds. <br />the Registrar may impos. a charge upon the owner thereof sufficient to <br />reimburse the Registrar for any tax. fe. or other govenulleDtal charge <br />required to b. paid with respect to th. transfer or exchanse. <br /> <br />(h) Mutilated. Lost, Stolen or Destroyed Boads. If a load becomes <br />mutilated or is d..troyed. stolen or losc. th. Registrar will deliver a De. <br />Bonel of like amoUDt. DUllber. maturity elaee anel teDor in exchaDge and <br />substitution for aDd upon cancellation of the mutilated BoDd or in lieu of <br />aDd 111 substitution for a Bond destroyed. stolen OJ: lost. upon the payment <br />of the reasoaable expenses aDd charses of the Registrar 111 COllD8C tion <br />therewith; aDd, 111 the case of a Bonel destroyed. stolen or lost, upon <br />filing with the Registrar of evidence satisfactory to it tbat the Bonel was <br />destroyed, stolen or .lo8t. aDd of the OWDership thereof. aDd UpOI1 <br />fuZ1lish:LDg to the Registrar of aD appropriate bond or iIldnm1ty 111 form. <br />substance aDd amount satisfactory to it &Del as provided by law. ill which <br />botb the City aDd the Registrar DlUse be D8III8d., a8 obligee.. BoDds so sur- <br />rendered to the Registrar will be cancelled by tbe Registrar aDd evidence <br />of such cancellation must be liVeD to the City. If the DIIItilated, <br />destroyed, stolen or lost Bonel has already matured or been called for <br />redemption ill accordance with its terms it 1s Dot Dece.sary to issue a Dew <br />Boad prior to payment. <br /> <br />(1) Redemotion. In the evenC any of the Bonds are called for redemp- <br />tion, DOtice thereof 1c1entifyiDl the Bonds to b. redeemed will b. liVeD by <br />the Registrar by .ailing a copy of the redemptioll Dot1e. by fust clas. <br />mal1 (postage prepaid) Dot more chaD 60 and Dot 1e.8 thaD 30 clays prior to <br />the clate f1secl for: redemption to the resistered own.r of each Bonel to be <br />redeemed at the address shown 9D the res1stratioD books kept by the Regis- <br />trar and by publishing the Dotice 1D the 1I8IIDer required by law. Failure <br />.to give DOtice by publicatioll or by mail to aDY resistereel OWDer. or. aD, <br />defect therein, will DOC affect the valicl1ty of aDY proceediDg for the <br />redemption of Bonels. Bonels so called for redemption will cease to bear <br />interest after the specified redemption date, provided that the funds for <br />the redemptioD are OD deposit with. the place of paymat at that time. <br /> <br />2.04. Ap~oint1Dent of Initial R.e~istrar. The C1~ appoints <br />American Nationa 1 Bank & Trust. t. paul . M:lnDesota, as the iD1t1al <br />Registrar. The Mayor aDd the City Clerk are authorized to execute aDd deliver. <br />on behalf of the City. a contract with the Registrar. UPOD merger or con- <br />solidation of the Registrar with another corporation. if the resulting <br />IlrporatioD is a bank or trust company authorized by law to conduct such busi- <br />ess, such corporation 1s authorized to act as successor Registrar. The City <br />agrees to pay the reasonable and customary charges of the Registrar for the <br />