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Clerk-Administrator in substantially the form set forth in the <br />foregoing form of the Bonds. <br />11. Registration: Transfer; Exchange. The City will <br />cause to be kept at the principal office of the Bond Registrar a <br />bond register in which, subject to such reasonable regulations as <br />the Bond Registrar may prescribe, the Bond Registrar shall <br />provide for the registration of Bonds and the registration of <br />transfers of Bonds entitled to be registered or transferred as <br />herein provided. <br />Upon surrender for transfer of any Bond at the <br />principal office of the Bond Registrar, the City shall execute <br />(if necessary), and the Bond Registrar shall authenticate, insert <br />the date of registration (as provided in paragraph 10) of, and <br />deliver, in the name of the designated transferee or transferees, <br />one or more new Bonds of any authorized denomination or <br />denominations of a like aggregate principal amount, having the <br />same stated maturity and interest rate, as requested by the <br />transferor; provided, however, that no Bond may be registered in <br />blank or in the name of "bearer" or similar designation. <br />At the option of the registered owner thereof, Bonds <br />may be exchanged for Bonds of any authorized denomination or <br />denominations of a like aggregate principal amount and stated <br />maturity, upon surrender of the Bonds to be exchanged at the <br />principal office of the Bond Registrar. Whenever any Bonds are <br />so surrendered for exchange, the City shall execute (if <br />necessary), and the Bond Registrar shall authenticate, insert the <br />date of registration of, and deliver the Bonds which the <br />registered owner making the exchange is entitled to receive. <br />All Bonds surrendered upon any exchange or transfer <br />provided for in this Resolution shall be promptly cancelled by <br />the Bond Registrar and thereafter disposed of as directed by the <br />City. <br />All Bonds delivered in exchange for or upon transfer of <br />Bonds shall be valid obligations of the City evidencing the same <br />debt, and entitled to the same benefits under this Resolution, as <br />the Bonds surrendered for such exchange or transfer. <br />Every Bond presented or surrendered for transfer or <br />exchange shall be duly endorsed or be accompanied by a written <br />instrument of transfer, in form satisfactory to the Bond <br />Registrar, duly executed by the registered owner thereof or the <br />registered owner's attorney duly authorized in writing. <br />s z <br />15 <br />