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payment of, or on account of, the principal of and interest on such Bond and for all other
<br />purposes, and all such payments so made to any such registered owner or upon the
<br />owner's order shall be valid and effectual to satisfy and discharge the liability. of the City
<br />upon such Bond to the extent of the sum or sums _so paid.
<br />(g) Taxes, Fees and Charges. For every transfer or exchange of Bonds (except
<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 />(h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall become
<br />mutilated or be lost, stolen or destroyed, 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 such
<br />Bond lost, stolen or destroyed, upon the payment of the reasonable expenses and charges
<br />of the Registrar in connection therewith; and, in the case of a Bond lost, stolen or
<br />destroyed, upon filing with the Registrar of evidence satisfactory to it that such Bond was
<br />lost, stolen or destroyed, and of the Ownership thereof, and upon furnishing to the
<br />Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory
<br />to it, in which both the City and the Registrar shall be named as obligees. All Bonds so
<br />surrendered to the Registrar shall be cancelled by it and evidence of such cancellation
<br />shall be 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 not be
<br />necessary to issue a new Bond prior to payment.
<br />3.04. Appointment of Initial Registrar. The City hereby appoints wells Fargo
<br />Bank, National Association in Minneapolis, Minnesota, as the initial Registrar. The Mayor and
<br />City Manager are authorized to execute and deliver, on behalf of the City, a contract with Wells
<br />Fargo Bim, National Association, as Registrar. Upon merger or consolidation of the Registrar
<br />with another corporation, if the resulting corporation is a bank or trust company authorized by
<br />law to conduct such business, such corporation shall be authorized to act as successor Registrar.
<br />The 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 2006A General Obligation Bonds Bond Fund described in
<br />Section 4 hereof, moneys sufficient for thepaymprincipal ent of all rinci al and interest then due.
<br />3.05. Redemption. (a) Bonds maturing in the years 2007 through 2013 shall not
<br />be subject to redemption prior to maturity, but Bonds maturing in the years 2014 through 2022
<br />shall each be subject to redemption and prepayment, at the option of the City, in whole or in part,
<br />and if in part, in the maturities selected by the City and, within any maturity, in $5,000 principal
<br />amounts selected by the Registrar by lot, on February 1, 2013 and on any date thereafter at a
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