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transfers of Bonds ent it led to be registered or transferred as <br /> herein provided. <br /> Upon surrender for transfer of any Bond at the <br /> principal office of the Bond Registrar, the City shall execute <br /> (if necessary) , and the Bond Registrar shall authenticate, insert <br /> the date of registration (as provided in paragraph 9) of, and <br /> deliver, in the name of the deg ignated transferee or transferees, <br /> one or more new Bonds of any Authorized Denomination or <br /> Denominations of a like aggregate principal amount, having the <br /> same stated maturity and interest rate, as requested by the <br /> transferor; provided, however, that no Bond may be registered in <br /> blank or in the name of "bearer" or similar designation. <br /> At the option of the Holder, Bonds may be exchanged for <br /> Bonds of any Authorized Denomination or Denominations of a like <br /> aggregate principal amount and stated maturit yr upon surrender of <br /> the Bonds to be exchanged at the principal office of the Bond <br /> Registrar. Whenever` any Bonds are so surrendered for exchange, <br /> the Cit y shall execute (if necessary) , and the Bond Registrar <br /> shall authenticate, insert the date of registration of, and <br /> deliver the Bonds which the Holder making the exchange is <br /> entitled to receive. <br /> All Bonds surrendered upon any exchange or transfer <br /> provided for in this resolution shall be promptly cancelled by <br /> the Bond Registrar and thereafter disposed of as directed by the <br /> city. <br /> All Bonds delivered in exchange for or upon transfer o f <br /> Bonds shall be valid general obligations of the City evidencing <br /> the same debt, and entitled to the same benefits under this <br /> resolution, as the Bonds surrendered for such exchange or <br /> transfer. <br /> Every Bond presented or surrendered for transfer or <br /> exchange shall be duly endorsed or be accompanied by a written <br /> instrument of transfer, in form satisfactory to the Bond <br /> Registrar, duly executed by the Holder thereof or his, her or its <br /> attorney duly authorized in writing.. <br /> The Bond Registrar may require payment of a sure <br /> sufficient to cover any tax or other governmental charge payable <br /> in connection with the transfer or exchange of any Bond and any <br /> legal or unusual costs regarding transfers and lost Bonds . <br /> 906107.01 19 <br />