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of an appropriate bond or indemnity in form. substance and amount satisfactory to it and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed. stolen or lost Bond has already matured or been called for redemption -in a-ccordance with its terms it is not necessary to issue a new Bond prior to payment. (i) Redemption. In the event any of the Bonds are called for redemption, notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) not more than 60 and not less than 30 days prior to the date fixed for redemption to the refrlstered owner of each Bond to be redeemed at the address shõwn on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of the proceedin.zs for the redemption of Bonds. Bonds so called for redemption will cease to -bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time. 2.04. Appointment of Initial Ree:istrar. The City appoints the Finance Director of the City of Roseville, Minnesota, as the initial Registrar. The Mayor and the City Manager are authorized to execute and deliver, on behalf of the City, a contract with the ReQ."Ístrar. Unon mer2'er or consolidation of the RefZÏstrar with another corporation,~ if the resulting corporation is a bank or trušt company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary C!hRY'Ø'P-!':: of thp- Rp-o;!'::tY'RY' foY' thp- !'::AY'viC!P-s nRY'formAd. ThA Citv reserves the ri2'ht ----1:11-- ....- --- ---D------ --- --- --- .---- r--------- ---- ---., - - -. -- - to remove the Registrar upon 30 days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond 'N:>mQtø.,. tn t'hø Q11l'l'øQQn.,. 'RømQt'r'R'" _ On n1" 'hpf'nyop PArh n'1"inC'ina1 OY' intArAst dUA --b"'-·-'" -- .......- --------- ..--b...-....-..· -- -. ------ ---- r----z:'- -- ---- -- -. ----- date, without further order of this Council, the Finance Director must transmit to the Registrar monies sufficient for the payment of all principal and interest then due. - 2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the direction of the City Finance Director and executed on behalf of the City by the signatures of the Mayor and the City Manager, provided that all signatures mAU 'hø .....,...¡"'-t...A "''''ð"YO£IuøA'''''' 1Hhnð"YO£l.....høA i'Af\c:dmnØQ ni' thø nriøinAb:. Tf an officer -'-'J -.... J:'........."'''''''''''' '"'"&.&I!Þ&.~"'"'- -.. ...........-t::...-r......-- ...---..---- -- --- ---D-" - - ------- whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and unti.J. a certjficate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on c:lifferent Bonds need not be signed by the same representative. The executed certificate of authentication on a Bond is conclusive e'\'idence that it has been authenticated and delivered under this DJ1U03226 lUI2oo-16