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L. S. ~~ D 6512?276~ TO 35©~tt6429tt3ts9165 P. 0519 Section 2.05. Notice of Redemption. At least thirty (30} days prior to the date set for redemption of any Bond, the Issuer shall cause notice of the call for redemption to be mailed to the registered owner of each Bond to be redeemed, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Bond not affected by such defect or failure. The notice of redemption shall specify the redemption date, redemption price, the numbers, interest rates and CUSIP numbers of the Bonds to be redeemed and the place at which the Bonds are to be surrendered for payment, which is the principal office of the Registrar. Official notice of redemption having been given as aforesaid, the Bonds or portions thereof so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified and from and after such date (unless the Issuer sha11 default in the payment of the redemption price} such Bonds or portions thereof shall cease to bear interest. 2.06. Appointment of Initial Rem. The Issuer hereby appoints = U.S. Bank Trust National Association. Saint Paul' Minnesota, as the initial bond registrar, transfer agent and paying agent (the "Registrar") for the Bonds. The Mayor and City Administrator are authorized to execute and deliver, on behalf of the Issuer, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or tract company authorized by law to conduct such business, such corporation shall be authorized to act as successor Registrar. The Issuer agrees to pay the reasonable and customary charges of the Registrar for the services performed. The Issuer reserves the right to remove the Registrar upon thirty days' notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar and shall deliver the bond register to the successor Registrar. • 2.07. Reg,~shation. The effect of registration and the rights and duties of the Issuer and the Registrar with respect thereto shall be as follows: (a) a 'stcr. The Registrar shall keep at its principal corporate trust ooBce a bond register in which the Registrar shall provide for the registration of ownership of Bonds and the registration of transfers and exchanges ofBonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender for transfer of any Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, is form satisfactory to the Registrar, duty executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a trice aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until such interest payment date. (c} Exchange of and . Whenever any Bonds are surrendered by the registered owner for exchange, the Registrar shall authenticate and deliver one or more new Bonds of alike aggregate principal amount and maturity, as requested by the registered owner or the owner's attorney in writing. • 1?96697.0~