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redemption in accordance with said notice, such Bonds shall be paid by the Paying Agent at the <br /> redemption price. The procedure for the payment of interest due as part of the redemption price <br /> shall be as herein provided for payment of interest otherwise due. Upon surrender for any partial <br /> redemption of any Bond, there shall be prepared for the registered owner a new Bond or Bonds of <br /> like tenor,of authorized denominations, of the same maturity, and bearing the same rate of interest <br /> in the amount of the unpaid principal. <br /> If any Bond or portion of a Bond called for redemption shall not be so paid upon surrender <br /> thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the <br /> redemption date at the rate borne by the Bond or portion of Bond so called for redemption. All <br /> Bonds which have been redeemed shall be cancelled and destroyed by the Bond Registrar and shall <br /> not be reissued. <br /> As part of their respective duties hereunder, the Bond Registrar and Paying Agent shall <br /> prepare and forward to the City a statement as to notice given with respect to each redemption <br /> together with copies of the notices as mailed and published. <br /> Section 11. Registration and Exchange or Transfer of Bonds; Persons Treated as <br /> Owners. The City shall cause books(the "Bond Register")for the registration and for the transfer <br /> of the Bonds as provided in this Ordinance to be kept at the principal corporate trust office of the <br /> Bond Registrar,which is hereby constituted and appointed the registrar of the City for the Bonds. <br /> The City is authorized to prepare, and the Bond Registrar or such other agent as the City may <br /> designate shall keep custody of, multiple Bond blanks executed by the City for use in the transfer <br /> and exchange of Bonds. <br /> Any Bond may be transferred or exchanged, but only in the manner, subject to the <br /> limitations, and upon payment of the charges as set forth in this Ordinance. Upon surrender for <br /> transfer or exchange of any Bond at the principal corporate trust office of the Bond Registrar,duly <br /> -12- <br />