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<br />the endorsement on such Bond or separate instrument of transfer is valid and genuine and <br />that the requested transfer is legally authorized. The Registrar shall incur no liability for <br />the refusal, in good faith, to make transfers which it, in its judgment, deems improper or <br />unauthorized. <br /> <br />(f) Persons Deemed Owners. The City and the Registrar may treat the person in <br />whose name any Bond is at any time registered in the bond register as the absolute owner <br />of the Bond, whether the Bond shall be overdue or not, for the purpose of receiving <br />payment of or on account of, the principal of and interest on the Bond and for all other <br />purposes; and all payments made to any registered owner or upon the owner's order shall <br />be valid and effectual to satisfy and discharge the liability upon such Bond to the extent <br />of the sum or sums so paid. <br /> <br />(g) Taxes, Fees and Charges. For every transfer or exchange of Bonds (expect <br />for an exchange upon a partial redemption of a Bond), the Registrar may impose a charge <br />upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or other <br />governmental charge required to be paid with respect to such transfer or exchange. <br /> <br />(h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become <br />mutilated or be destroyed, stolen or lost, the Registrar shall deliver a new Bond of like <br />amount, number, maturity date and tenor in exchange and substitution for and upon <br />cancellation of any such mutilated Bond or in lieu of and in substitution for any Bond <br />destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the <br />Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, <br />upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, <br />stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar of an <br />appropriate bond or indemnity in form, substance and amount satisfactory to it, in which <br />both the City and the Registrar shall be named as obligees. All Bonds so surrendered to <br />the Registrar shall be canceled by it and evidence of such cancellation shall be given to <br />the City. If the mutilated, destroyed, stolen or lost Bond has already matured, or been <br />called for redemption in accordance with its terms, it shall not be necessary to issue a <br />new Bond prior to payment. <br /> <br />(i) Authenticating Agent. The Registrar is hereby designated authenticating <br />agent for the Bonds, within the meaning of Minnesota Statutes, Section 475.55, <br />Subdivision 1, as amended. <br /> <br />(j) Valid Obligations. All Bonds issued upon any transfer or exchange of Bonds <br />shall be the valid obligations of the City, evidencing the same debt, and entitled to the <br />same benefits under this resolution as the Bonds surrendered upon such transfer or <br />exchange. <br />2.07. Execution, Authentication and Delivery. The Bonds shall be prepared under the <br />direction of the City Manager and shall be executed on behalf of the City by the signatures of the <br />Mayor and the City Manager, provided that the signatures may be printed, engraved or <br />lithographed facsimiles of the originals. In case any officer whose signature or a facsimile of <br />whose signature shall appear on the Bonds shall cease to be such officer before the delivery of