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• a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or <br /> other governmental charge required to be paid with respect to such transfer or exchange. <br /> (h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall <br /> become mutilated or be lost, stolen or destroyed,the Registrar shall deliver a new Bond <br /> of like amount, number, interest rate, maturity date and tenor in exchange and <br /> substitution for and upon cancellation of any such mutilated Bond or in lieu of and in <br /> substitution for any such Bond lost, stolen or destroyed, upon the payment of the <br /> reasonable expenses and charges of the Registrar in connection therewith; and, in the case <br /> of a Bond lost, stolen or destroyed, upon receipt by the Registrar of evidence satisfactory <br /> to it that such Bond was lost, stolen or destroyed, and of the ownership thereof, and upon <br /> receipt by the Registrar of an appropriate bond or indemnity in form, substance and <br /> amount satisfactory to it, in which both the City and the Registrar shall be named as <br /> obligees. All Bonds so surrendered to the Registrar shall be cancelled by it and evidence <br /> of such cancellation shall be given to the City. If the mutilated, lost, stolen or destroyed <br /> Bond has already matured or been called for redemption in accordance with its terms, it <br /> shall not be necessary to issue a new Bond prior to payment. <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. <br /> 3.04. Appointment of Initial Re ice. The City hereby appoints Wells Fargo Bank, <br /> . National Association in Minneapolis, Minnesota, as the initial Registrar. The Mayor and City <br /> Manager are authorized to execute and deliver, on behalf of the City, a contract with Wells Fargo <br /> Bank,National Association, as Registrar. Upon merger or consolidation of the Registrar with <br /> another corporation, if the resulting corporation is a bank or trust company authorized by law to <br /> conduct such business, such corporation shall be authorized to act as successor Registrar. The <br /> City agrees to pay the reasonable and customary charges of the Registrar for the services <br /> performed. The City reserves the right to remove any Registrar upon thirty (30) days' notice and <br /> upon the 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. On or before each <br /> principal or interest due date, without further order of this Council, the Finance Director shall <br /> transmit to the Registrar from the 2009B Improvement Bond Fund described in Section 5 hereof, <br /> moneys sufficient for the payment of all principal and interest then due. <br /> 3.05. Redemption. The Bonds are not subject to redemption prior to maturity. <br /> Preparation and Delivery. The Bonds shall be prepared under the direction of the <br /> City Manager and shall be executed on behalf of the City by the signatures of the Mayor and the <br /> City Manager; provided that said signatures may be printed, engraved, or lithographed facsimiles <br /> thereof. In case any officer whose signature, or a facsimile of whose signature, shall appear on <br /> the Bonds shall cease to be such officer before the delivery of any Bond, such signature or <br /> facsimile shall nevertheless be valid and sufficient for all purposes, the same as if such officer <br /> had remained in office until delivery. Notwithstanding such execution, no Bond shall be valid or <br /> • obligatory for 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 manual signature <br /> -9- <br />