Laserfiche WebLink
notice of redemption of Bonds or to transfer or exchange any Bond all or a portion of which has <br /> been called for redemption. <br /> The execution by the City of any fully registered Bond shall constitute full and due <br /> authorization of such Bond, and the Bond Registrar shall thereby be authorized to authenticate, <br /> date and deliver such Bond; provided, however, that the principal amount of Bonds of each <br /> maturity authenticated by the Bond Registrar shall not at any one time exceed the authorized <br /> principal amount of Bonds for such maturity less the amount of such Bonds which have been paid. <br /> The person in whose name any Bond shall be registered shall be deemed and regarded as <br /> the absolute owner thereof for all purposes,and payment of the principal of or interest on any Bond <br /> shall be made only to or upon the order of the registered owner thereof or his legal representative. <br /> All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond <br /> to the extent of the sum or sums so paid. <br /> No service charge shall be made for any transfer or exchange of Bonds,but the City or the <br /> Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental <br /> charge that may be imposed in connection with any transfer or exchange of Bonds, except in the <br /> case of the issuance of a Bond or Bonds for the unredeemed portion of a Bond surrendered for <br /> redemption. <br /> Section 11. Form of Bond. The Bonds shall be in substantially the form hereinafter set <br /> forth;provided, however, that if the text of the Bonds is to be printed in its entirety on the front <br /> side of the Bonds, then the second paragraph on the front side and the legend "See Reverse Side <br /> for Additional Provisions"shall be omitted and the text of paragraphs set forth for the reverse side <br /> shall be inserted immediately after the first paragraph. <br /> -17- <br />