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registration of transfers of. Bonds entitled to be registered <br />or transferred as herein provided. <br />Upon surrender for transfer of any Bond at the <br />principal office of the Bond Registrar, the City shall execute <br />(if necessary), and the Bond Registrar shall authenticate, <br />insert the date of registration (as provided in paragraph 10) <br />of, and deliver, in the name of the designated transferee or <br />transferees, one or more new Bonds of any authorized <br />denomination or denominations of a like aggregate principal <br />amount, having the same stated maturity and interest rate, as <br />requested by the transferor; provided, however, that no Bond <br />may be registered in blank or in the name of "bearer" or <br />similar designation. <br />At the option of the Holder thereof, Bonds may be <br />exchanged for Bonds of any authorized denomination or <br />denominations of a like aggregate principal amount and stated <br />maturity, upon surrender of the Bonds to be exchanged at the <br />principal office of the Bond Registrar. whenever any Bonds <br />are so surrendered for exchange, the City shall execute (if <br />necessary), and the Bond Registrar shall authenticate insert <br />the date of registration of, and deliver the Bonds which the <br />holder making the exchange is entitled to receive. <br />All Bonds surrendered upon any exchange or transfer <br />provided for in this resolution shall be promptly cancelled by <br />the Bond Registrar and thereafter disposed of as directed by <br />the City. <br />All Bonds delivered in exchange for or upon transfer <br />of Bonds shall be valid general obligations of the City <br />evidencing the same debt, and entitled to the same benefits <br />under this Resolution, as the Bonds surrendered for such <br />exchange or transfer. <br />Every Bond presented or surrendered for transfer or <br />exchange shall be duly endorsed or be accompanied by a written <br />instrument of transfer, in form satisfactory to the Bond <br />Registrar, duly executed by the Holder thereof or his, her or <br />its attorney duly authorized in writing. <br />The Bond Registrar may require payment of a sum <br />sufficient to cover any tax or other governmental charge <br />payable in connection with the transfer or exchange of any <br />Bond and any legal or unusual costs regarding transfers and <br />lost Bonds. <br />14 <br />