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"Resolution") , for the purpose of providing money to finance <br /> certain costs of improvements to the City's municipal water <br /> system. This Bond constitutes a general obligation of the City, <br /> and to provide moneys for the prompt and full payment of its <br /> principal, premium, if any, and interest when the same become <br /> due, the full faith and credit and taxing powers of the City have <br /> been and are hereby irrevocably pledged. <br /> Denominations; Exchange; Resolution. The Bonds are <br /> issuable solely as fully registered bonds in the denominations of <br /> $5, 000 and integral multiples thereof of a single maturity and <br /> are exchangeable for fully registered bonds of other authorized <br /> denominations in equal aggregate principal amounts at the <br /> principal office of the Bond Registrar, but only in the manner <br /> and subject to the limitations provided in the Resolution. <br /> Reference is hereby made to the Resolution for a description of <br /> the rights and duties of the Bond Registrar. Copies of the <br /> 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 /> 16244 <br /> 10 <br />