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Issuer . If the mutilated, destroyed, stolen or lost Bond <br /> has already matured or been called for redemption in <br /> accordance with its terms it shall not be necessary to <br /> issue a new Bond prior to payment . <br /> 2 . 03 . Appointment of Initial Registrar . The Issuer <br /> hereby appoints <br /> as the initial Registrar . The <br /> Mayor and the City Manager are authorized to execute and <br /> deliver, on behalf of the Issuer , a contract with said <br /> Registrar . Upon merger or consolidation of the Registrar with <br /> another corporation, if the resulting corporation is a bank or <br /> trust company authorized by law to conduct such business, such <br /> corporation shall be authorized to act as successor Registrar . <br /> The Issuer agrees to pay the reasonable and customary charges <br /> of the Registrar for the services performed. The Issuer <br /> reserves the right to remove the Registrar upon thirty (30) <br /> days notice and upon the appointment of a successor Registrar , <br /> in which event the predecessor Registrar shall deliver all cash <br /> and Bonds in its possession to the successor Registrar and <br /> shall deliver the bond register to the successor Registrar . <br /> 2 . 04 . Redemption. The Bonds shall be subject to <br /> • redemption and prepayment at the option of the Issuer, in whole <br /> or in part, by lot as selected by the Registrar, on July 1, <br /> 1992 or January 1 , 1993 at a price equal to the accreted amount <br /> as of the date of redemption. The Clerk shall cause notice of <br /> the call for redemption thereof to be published as required by <br /> law, and, at least 30 days prior to the designated redemption <br /> date, shall cause notice of the call thereof for redemption to <br /> be mailed, by certified or registered mail, to the registered <br /> holders of any Bonds to be redeemed at their addresses as they <br /> appear on the bond register described in Section 2 . 02 hereof, <br /> and to the bank at which principal and interest are then <br /> payable . Official notice of redemption having been given as <br /> aforesaid, the Bonds or portions of Bonds so to be redeemed <br /> shall, on the redemption date, become due and payable at the <br /> redemption price therein specified, and from and after such <br /> date (unless the Issuer shall default in the payment of the <br /> redemption price) such Bonds or portions of Bonds shall cease <br /> to accrue interest . <br /> 2 . 05 . Execution, Authentication and Delivery. The <br /> Bonds shall be prepared under the direction of the Clerk and <br /> shall be executed on behalf of the Issuer by the signatures of <br /> the Mayor and the City Manager, provided that all signatures <br /> may be printed, engraved or lithographed facsimiles of the <br /> originals . In case any officer whose signature or a facsimile <br /> • of whose signature shall appear on the Bonds shall cease to be <br /> such officer before the delivery of any Bond, such signature or <br /> -4- <br />