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the principal amount of each such Bond of a denomination of more than $5,000 shall be <br />redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be <br />redeemed only in part, it shall be surrendered to the Registrar (with, if the City or Registrar so <br />requires, a written instrument of transfer in form satisfactory to the City and Registrar duly <br />executed by the holder thereof or the Holder's attorney duly authorized in writing) and the City <br />shall execute (if necessary) and the Registrar shall authenticate and deliver to the Holder of such <br />Bond, without service charge, a new Bond or Bonds of the same series having the same stated <br />maturity and interest rate and of any Authorized Denomination or Denominations, as requested <br />by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed <br />portion of the principal of the Bond so surrendered. <br />6. Bond Registrar. U.S. Bank National Association, in St. Paul, Minnesota, is <br />appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond <br />Registrar"), and shall do so unless and until a successor Bond Registrar is duly appointed, all <br />pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. <br />The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is <br />duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or <br />record holders) of the Bonds in the manner set forth in the form of Bond and paragraph 12. <br />