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transferor. The Registrar may, however, close the books for registration of <br />any transfer after the fifteenth day of the month preceding each interest <br />payment date and unto such interest payment date 4 <br />( c) Exchange of Bonds. When Bonds are surrendered by the <br />registered owner for exchange the Registrar will authenticate and deliver one <br />or more new Bonds of a like agate principal amount and maturity, as <br />requested by the registered owner or the owner's attorney in writing <br />(d) Cancellation F Bonds surrendered upon any transfer or exchange <br />will be promptly cancelled by the Registrar and thereafter disposed of as <br />directed by the City <br />(e) lm ro er or Unauthorized 'transfer. When a Bond is presented <br />to the Registrar for transfer, the Registrar may refuse to transfer the Bond <br />-until the registrar is satisfied that the endorsement on the Bond or separate <br />instrument of transfer is valid and genuine and that the requested transfer <br />is legally authorized. The Registrar will incur no liability for the refusal, in <br />good faith, to make transfers which it, in its judgment, deems improper or <br />unauthorized <br />(f) Persons Deemed Owners, The City and the registrar may treat <br />the P arson in whose name a Bond is registered in the bond register as the <br />absolute owner of the Bond, whether the Bond is overdue or not, for the <br />purpose of receiving payment of . or -on account of , the principal of and <br />interest on the Bond and for all other purposes and payments so made to <br />registered owner or upon the owner's order will be valid and effectual to <br />satisf y and discharge the liability upon such Bond to the extent of the sum or <br />sums so Paid . <br />Taxes Fees and char s . For a transfer or exchange of Bonds , <br />(g) � thereof sufficient to <br />the Registrar may impose a charge upon the owner h <br />reimburse the registrar for any tax, fee or other governmental charge <br />required to be paid with respect to the transfer or exchange <br />(h) Mutilated Lost Stolen or Destroyed Bonds. If a Bond becomes <br />mutilated or is destroyed, stolen or lost, the registrar will deliver a new Bond <br />of like amount, number, maturity date and tenor in exchange and substitution <br />for and upon cancellation of the mutilated Bond or in lieu of and in <br />substitution for a Bond destroyed, stolen or lost, upon the payment of the <br />reasonable expenses and urges -of the registrar in connection therewith; <br />and in the case of a Bond destroyed ,� stolen or lost, upon filing with the <br />Registrar of evidence satisfactory to it that the Bond was destroyed, stolen <br />or lost, and of the ownership thereof, and upon furnishing to the Registrar <br />of an appropriate bond or indemnity in form, substance and amount <br />satisfactory to it and as provided by law, in which both the City and the <br />Registrar must be named as obligees, Bonds so surrendered to the registrar <br />will be cancelled by the registrar and evidence of such cancellation must be <br />given to the City, If the mutilated, destroyed, stolen or lost Bond has <br />alread y matured or been called for redemption in accordance with its terms it <br />Is not necessary to issue a new Bond prior to payment. <br />(i) Redemption , In the event any of the Bonds are called for <br />redemption, notice thereof identifying the Bonds to be redeemed wfll be given <br />=47466 <br />Do -10 4 <br />