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<br />legally authorized. The Registrar shall incur no liability for its refusal, in good faith, to make <br />transfers which it, in its judgment, deems improper or unauthorized. <br /> <br />(e) Persons Deemed Owners. The City and the Registrar may treat the person(s) in <br />whose name( s) the Bonds are at any time registered in the bond register as the absolute owners <br />of the Bonds, whether the Bonds shall be overdue or not, for the purpose of receiving payment <br />of, or on account of, the principal of or interest on such Bonds and for all other purposes, and all <br />such payments so made to any such registered owners or upon the owners' order shall be valid <br />and effectual to satisfy and discharge the liability of the City upon such Bonds to the extent of <br />the sum or sums so paid. <br /> <br />(f) Taxes. Fees and Charges. For every transfer or exchange of Bonds, the Registrar <br />may impose a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, <br />fee, or other governmental charge required to be paid with respect to such transfer or exchange. <br /> <br />(g) Mutilated. Lost. Stolen or Destroved Bonds. In case any Bond shall become <br />mutilated or be lost, stolen, or destroyed, the Registrar shall deliver a new Bond of like amount, <br />maturity dates and tenor in exchange and substitution for and upon cancellation of such mutilated <br />Bond or in lieu of and in substitution for such Bond lost, stolen, or destroyed, upon the payment <br />of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case <br />of a Bond lost, stolen, or destroyed, upon filing with the Registrar of evidence satisfactory to it <br />that such Bond was lost, stolen or destroyed, and of the ownership thereof, and upon furnishing <br />to the Registrar of an appropriate bond or indemnity in form, substance, and amount satisfactory <br />to it, in which both the City and the Registrar shall be named as obligees. All Bonds so <br />surrendered to the Registrar shall be canceled by it and evidence of such cancellation shall be <br />given to the City. If the mutilated, lost, stolen, or destroyed Bond has already matured or been <br />called for redemption in accordance with its terms, it shall not be necessary to issue a new Bond <br />prior to payment. <br /> <br />(h) Redemption. In the event the Bonds are called for redemption, if applicable, notice <br />thereof will be given by the Registrar by mailing a copy of the redemption notice by first class <br />mail (postage prepaid) not less than 30 days prior to the date fixed for redemption to the <br />registered owner of the Bonds to be redeemed at the address shown on the registration books <br />kept by the Registrar. Failure to give notice by publication or by mail to any registered owner, or <br />any defect therein, will not affect the validity of any proceeding for the redemption ofthe Bonds. <br />The Bonds when so called for redemption will cease to bear interest after the specified <br />redemption date, provided that the funds for the redemption are on deposit with the Registrar at <br />the place of payment at the time. <br /> <br />Section 7. Execution. Authentication and Delivery. The Bonds shall be prepared <br />under the direction of the City Clerk of the City and shall be executed on behalf of the City by <br />the manual signatures, or facsimile thereof, of its City Clerk and Mayor. In case any officer <br />whose signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be <br />such officer before the delivery of the Bonds, such signature or facsimile shall nevertheless be <br />valid and sufficient for all purposes, the same as if such officer had remained in office until <br />delivery. Notwithstanding such execution, the Bonds shall not be valid or obligatory for any <br /> <br />7 <br />