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<br />(g) Taxes, Fees and Charges. For every transfer or exchange of Bonds
<br />(except for an exchange upon a partial redemption of a Bond), the Registrar may impose
<br />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 Registrar. The City hereby appoints Bond Trust Services
<br />Corporation in Roseville, Minnesota, as the initial Registrar. The Mayor and City Manager are
<br />authorized to execute and deliver, on behalf of the City, a contract with Bond Trust Services
<br />Corporation, as Registrar. Upon merger or consolidation of the Registrar with another
<br />corporation, if the resulting corporation is a bank or trust company authorized by law to conduct
<br />such business, such corporation shall be authorized to act as successor Registrar. The City
<br />agrees to pay the reasonable and customary charges of the Registrar for the services performed.
<br />The City reserves the 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 deliver all
<br />cash and Bonds in its possession to the successor Registrar. On or before each principal or
<br />interest due date, without further order of this Council, the Finance Director shall transmit to the
<br />Registrar from the 2011B Improvement Bond Fund described in Section 5 hereof, moneys
<br />sufficient for the payment of all principal and interest then due.
<br />3.05. Redemption. Bonds maturing in the years 2013 through 2019 shall not be subject
<br />to redemption prior to maturity, but Bonds maturing in the years 2020 and thereafter shall each
<br />be subject to redemption and prepayment, at the option of the City, in whole or in part, and if in
<br />part, in the maturities selected by the City and, within any maturity, in $5,000 principal amounts
<br />selected by the Registrar by lot, on February 1, 2019 and on any date thereafter at a price equal
<br />to the principal amount thereof to be redeemed plus interest accrued to the date of redemption.
<br />[Bonds maturing in the year shall be subject to mandatory sinking fund
<br />redemption by lot at a redemption price equal to the principal amount of the Bonds to be so
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