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• the endorsement on such Bond or separate instrument of <br /> transfer is legally authorized. The Registrar shall incur <br /> no liability for its refusal , in good faith, to make <br /> transfers which it, in its judgment , deems improper or <br /> unauthorized . <br /> ( f) Persons Deemed Owners . The City and the <br /> Registrar may treat the person in whose name any Bond is at <br /> any time registered in the bond register as the absolute <br /> owner of such Bond, whether such Bond shall be overdue or <br /> not , for the purpose of receiving payment of , or on account <br /> of , the principal of and interest on such Bond and for all <br /> other purposes , and all such payments so made to any such <br /> registered owner or upon the owner ' s order shall be valid <br /> and effectual to satisfy and discharge the liability of the <br /> City upon such Bond to the extent of the sum or sums so <br /> paid. <br /> (g) Taxes , Fees and Charges . For every transfer or <br /> exchange of Bonds (except for an exchange upon a partial <br /> redemption of a Bond) , the Registrar may impose a charge <br /> upon the owner thereof sufficient to reimburse the <br /> Registrar for any tax, fee or other governmental charge <br /> required to be paid with respect to such transfer or <br /> exchange. <br /> • (h) Mutilated, Lost , Stolen or Destroyed Bonds . In <br /> case any Bond shall become mutilated or be lost , stolen or <br /> destroyed, the Registrar shall deliver a new Bond of like <br /> amount , number , maturity date and tenor in exchange and <br /> substitution for and upon cancellation of any such <br /> mutilated Bond or in lieu of and in substitution for any <br /> such Bond lost , stolen or destroyed, upon the payment of <br /> the reasonable expenses and charges of the Registrar in <br /> connection therewith; and, in the case of a Bond lost , <br /> stolen or destroyed, upon filing with the Registrar of <br /> evidence satisfactory to it that such Bond was lost, stolen <br /> or destroyed, and of the ownership thereof , and upon <br /> furnishing to the Registrar of an appropriate bond or <br /> indemnity in form, substance and amount satisfactory to it , <br /> in which both the City and the Registrar shall be named as <br /> obligees . All Bonds so surrendered to the Registrar shall <br /> be cancelled by it and, evidence of such cancellation shall <br /> be given to the City. If the mutilated, lost , stolen or <br /> destroyed Bond has already matured. or been called for <br /> redemption in accordance with its terms , it shall not be <br /> necessary to issue a new Bond prior to payment . <br /> ( i ) Authenticating Agent . The Registrar is hereby <br /> designated authenticating agent for the Bonds , within the <br /> meaning of Minnesota Statutes , Section 475 . 55 , <br /> ® subdivision 1 . <br /> -9- <br />