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opinion to be printed on each of the Bonds, together with a <br />certificate to be signed by the facsimile signature of the <br />City Clerk in substantially the following form: <br />I hereby certify that the foregoing is a full, <br />true, and correct copy of the legal opinion <br />executed by the above-named attorneys, except as to <br />the dating thereof, which opinion has been handed <br />to me for filing in my office prior to the time of <br />delivery of the Bonds. <br />(facsimile signature) <br />City Clerk -Treasurer <br />City of Hugo, Minnesota <br />11. Registration; Transfer; Exchange. The City <br />will cause to be kept at the principal office of the Bond <br />Registrar a bond register in which, subject to such reasonable <br />regulations as the Bond Registrar may prescribe, the Bond <br />Registrar shall provide for the registration of Bonds and the <br />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 registered owner thereof, Bonds <br />may be 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 />registered owner 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 />16 <br />