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new Bond or Bonds of the same series having the same stated <br />maturity and interest rate and of any authorized denomination <br />• or denominations, as requested by such holder, in aggregate <br />principal amount equal to and in exchange for the unredeemed <br />portion of the principal of the Bond so surrendered. <br />7. Bond Registrar. , <br />in Minnesota, is appointed to act as bond <br />registrar and transfer agent (the "Bond Registrar") and shall <br />do so unless and until a successor Bond Registrar is duly <br />appointed, all pursuant to any contract the City and Bond <br />Registrar shall execute which is consistent herewith. The Bond <br />Registrar shall also serve as paying agent unless and until a <br />successor paying agent is duly appointed. Principal and <br />interest on the Bonds shall be paid to the registered holders <br />(or record holder) of the Bonds in the manner set forth in the <br />form of Bond and paragraph 13 of this resolution. <br />8. Form of Bond. The Bonds to be issued hereunder, <br />together with the Bond Registrar's Certificate of <br />Authentication, the form of Assignment and the registration <br />information thereon, shall be in substantially the following <br />form: <br />• <br />• <br />5 <br />