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of and in substitution for any such Bond lost, stolen or destroyed, upon the <br /> • payment of the reasonable expenses and charges of the Registrar in <br /> connection therewith; and, in the case of a Bond lost, stolen or destroyed, <br /> upon filing with the Registrar of evidence satisfactory to it that such Bond <br /> was lost, stolen or destroyed, and of the ownership thereof, and upon <br /> furnishing to the Registrar of an appropriate bond or indemnity in form, <br /> substance and amount satisfactory to it, in which both the City and the <br /> Registrar shall be named as obligees. All Bonds so surrendered to the <br /> Registrar shall be cancelled by it and evidence of such cancellation shall be <br /> given to the City. If the mutilated, lost, stolen or destroyed Bond has already <br /> matured or been called for redemption in accordance with its terms, it shall <br /> not be necessary to issue a new Bond prior to payment. <br /> 3.04. A1212ointment of Initial Registrar. Norwest Bank Minnesota, <br /> National Association , of Minneapolis Minnesota , is hereby appointed as <br /> the initial Registrar. The Chairman and Secretary are hereby authorized to execute <br /> and deliver, on behalf of the City, a contract with Norwest Bank Minnesota, <br /> National Association , as Registrar. Upon merger or consolidation of the <br /> Registrar with another corporation, if the resulting corporation is a bank or trust <br /> company authorized by law to conduct such business, such corporation shall be <br /> authorized to act as successor Registrar. The City agrees to pay the reasonable and <br /> customary charges of the Registrar for the services performed. The City reserves the <br /> right to remove any Registrar upon thirty (30) days notice and upon the <br /> • appointment of a successor Registrar, in which event the predecessor Registrar shall <br /> deliver all cash and Bonds in its possession to the successor Registrar and shall <br /> deliver the Bond Register to the successor Registrar. <br /> 3.05. Preparation 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 <br /> facsimile signatures of the Mayor and the City Manager. On the reverse side of each <br /> Bond shall be a printed a copy of the legal opinion to be rendered by bond counsel, <br /> certified by the facsimile signatures of the Mayor and City Manager. In case any <br /> officer whose signature shall appear on the Bonds shall cease to be such officer <br /> before the delivery of any Bond, such signature shall nevertheless be valid and <br /> sufficient for all purposes, the same as if such officer had remained in office until <br /> delivery. Notwithstanding such execution, no Bond shall be valid or obligatory for <br /> any purpose or entitled to any security or benefit under this resolution unless and <br /> until a certificate of authentication on such Bond has been duly executed by the <br /> manual signature of an authorized representative of the Registrar. Certificates of <br /> authentication on different Bonds need not be signed by the same representative. <br /> The executed certificate of authentication on each Bond shall be conclusive evidence <br /> that it has been authenticated and delivered under this resolution. When the <br /> Bonds have been so executed and authenticated, they shall be delivered by the City <br /> Manager to the Purchaser upon payment of the purchase price in accordance with <br /> • -10- <br />