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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 far 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 />t~aaz <br />11 <br />