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Resolution are on file in the principal office of the Bond <br /> Registrar. <br /> Transfer. This Bond is transferable by the Registered <br /> Owner in person or by the Registered Owner's attorney duly <br /> authorized in writing at the principal office of the Bond <br /> Registrar upon presentation and surrender hereof to the Bond <br /> Registrar, all subject to the terms and conditions provided in <br /> the Resolution and to reasonable regulations of the City <br /> contained in any agreement with the Bond Registrar. Thereupon <br /> the City shall execute and the Bond Registrar shall authenticate <br /> and deliver, in exchange for this Bond, one or more new fully <br /> registered Bonds in the name of the transferee (but not <br /> registered in blank or to "bearer" or similar designation) , of an <br /> authorized denomination or denominations, in aggregate principal <br /> amount equal to the principal amount of this Bond, of the same <br /> maturity and bearing interest at the same rate. <br /> Fees upon Transfer or Loss. The Bond Registrar may <br /> require payment of a sum sufficient to cover any tax or other <br /> governmental charge payable in connection with the transfer or <br /> exchange of this Bond and any legal or unusual costs regarding <br /> transfers and lost Bonds. <br /> Treatment of Registered Owners. The City and Bond <br /> Registrar may treat the person in whose name this Bond is <br /> registered as the owner hereof for the purpose of receiving <br /> payment as herein provided (except as otherwise provided on the <br /> reverse side hereof with respect to the Record Date) and for all <br /> other purposes, whether or not this Bond shall be overdue, and <br /> neither the City nor the Bond Registrar shall be affected by <br /> notice to the contrary. <br /> Authentication. This Bond shall not be valid or become <br /> obligatory for any purpose or be entitled to any security unless <br /> the Certificate of Authentication hereon shall have been executed <br /> by the Bond Registrar. <br /> Qualified Tax-Exempt Obligations. The Bonds have been <br /> designated-by the City as "qualified-tax-exempt obligations" for <br /> purposes of Section 265(b) (3) of the Internal Revenue Code of <br /> 1986, as amended. <br /> ABBREVIATIONS <br /> The following abbreviations, when used in the inscription on <br /> the face of this Bond, shall be construed as though they were <br /> written out in full according to applicable laws or regulations: <br /> 244882 <br /> 11 <br />