Laserfiche WebLink
its discretion, from the numbers so assigned to such Sonds, as many numbers as, at $5,000 for <br />each number, shall equal the principal amount of such Sonds to be redeemed. The Sonds to be <br />redeemed shall be the Sonds to which were assigned numbers so selected; provided, however, <br />that only so much of the principal amount of each such Sond of a denomination of more than <br />$5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If <br />a Sond is to be redeemed only in part, it shall be surrendered to the Sond Registrar (with, if the <br />City or Sond Registrar so requires, a written instrument of transfer in form satisfactory to the <br />City and Sond Registrar duly executed by the Holder thereof or the Holder's attorney duly <br />authorized in writing) and the City shall execute (if necessary) and the Sond Registrar shall <br />authenticate and deliver to the Holder of the Sond, without service charge, a new Sond or Sonds <br />having the same stated maturity and interest rate and of any Authorized Denomination or <br />Denominations, as requested by the Holder, in aggregate principal amount equal to and in <br />exchange for the unredeemed portion of the principal of the Sond so surrendered. <br />6. Sond Registrar. The Finance Director of the City is appointed to act as bond <br />registrar and transfer agent with respect to the Sonds (the "Sond Registrar"), and shall do so <br />unless and until a successor Sond Registrar is duly appointed, all pursuant to any contract the <br />City and Sond Registrar shall execute which is consistent herewith. The Sond Registrar shall <br />also serve as paying agent unless and until a successor paying agent is duly appointed. Principal <br />and interest on the Sonds shall be paid to the registered holders (or record holders) of the Sonds <br />in the manner set forth in the form of Sond and paragraph 12. <br />7. Form of Sond. The Sonds, together with the Sond Registrar's Certificate of <br />Authentication, the form of Assignment and the registration information thereon, shall be in <br />substantially the following form: <br />2377798v1 % <br />