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paid c)i- tnado available.ror payinetit; .in which case the gono wi II bedated as of the date of authentioatioit, *0 (ii) the date of'.authenticatibn i;, prior to the first interest payment: {bite; ill which case the Bond will be dated as of.the date of oViginal issue. Theinteresr on the Bond i is payabIc on Fcbri►ary I and Augasi I o!' each year_ Com)ttencing Fcbruary 1, 2016. to the registered owncr:s of record as of the close of busineSS att the -fiftccn th day orthe iininediatelN preccdino nxmtlr, whethe► or n:cit thA day is a btrsiriess iliiy. 2.0, f e_gistration.. The OUN will appoint a boned nN)ristrar. transfer agent. audlentic rtin., agent and paying agent (.the '`t�cgisrrar')" The eller~f of registration and th& rights and duties of tilt City :rn�i rht Rgpstrar� .Nv ith respect: thereto are ,t, !'allows' (a) Register. The Registrar must keep at its princijial eorpoi ate trust office a bond regi$iQr in which the Registrar provides 'for the :r•egistration Uf ownership of Bonds. and tltr registration of transfers aid exclianges of Bonds entitled to* be.. 'registered;. transferred or exchanged.. (b) Frttnsler) Bonds. Upon surrender for tr��nsfer of.a gond duly endorsed by the registered owner thereof or accompanied by a written instrument of:transfer, in lorrn satisf:iciory to rile Registrar; dilly executed by the registered. owner thereof Or by an attorney ,duly ircJ by the registered owner in writing, the; Registrar will authenticate and deliver. in the naittc of tl1c ,designated transferee or transferees, rind or more newBonds of a like aggregate principal aino lnr an¢ inawrity, as -regirested by the transferor: The Registrar may, however, close. ti►e books lcyr 'registration. of ariy transfer after the liiftee.nth :clay of the month preceding each interest payment date and t itil that inter est.paynicill date. (C) Exgharig_e gf*8bnds, When Bonds:are surrendered by the registered o\ ner flor �xehattge the Registrar wi11 authenticate and deliver one or more new .Oonds of a like og rc,a(kc .principal amount and maturity as requested by the registered owner or the owner's attornc: ilt writing. (d) Cancellation. Bonds surrendered upon transfer or exchange will be promptly caneeiicd bv the Registrar ancf tltereaftcr ciisj�ose�i of as directed by the City. ('c) fn7nrciper or_Ugi utljorjzed Tratis�feir. When a Bon is: presented to the Registrar lair transfer.. the Registrar Wray refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or scparatt instrument of tr'ansier is Valid and genuine and .titai the retltrestcd transfer is legally autlturircd. The Registrar will lnctll Ilh 1j�iblJlty' for tilt` I•efti al, in good laith. to make transfers Which it, jn its LIdgment, deerns improper -or unauthorized. (f) Persons Deemed_Owners. The city Ad the Registrar may treat the persc}rt in whosenatnt: a Sond is registered W the bond register as the absolute owner of the..Bond, 4vhethtKr the Bond is overdue or not, for the purpose of receiving payment f'. or on account of:the principal. of and interest on the 0ond and for all other purposes, and phynients so made to -a registered owner orltpon the. owneCs..ord.er `t'iI I be valid itiid efft;c:tual to sati0j* and disOarge.tlie Iiab.i.lihl upon the Bond to the extent. Of the sum i�i sums so paid. 6:0 Taxcs: Feed" ancf Gliarpaes. The Registrar inay impose a.. charge upon the oWIM, thereof for a vansfer or exchange of Bonds suffcient to reirnburse the Registrar for any tax, fee or other governinental."charge required to bepaid with respect to the transferor exehange.. (h) Nititilat f osfYStc�ien.ar I)estroti d f3u.r�ds. If a. Bond becomes mutilitled.or is destroyed, stolen or last, the Registrar will deliver a new Boild of dike aniouttt, Mimbe;r; maturity #,12S5�j1 t;AII f.i I- 190- t 2