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redemption price shall be as herein provided for payment of interest otherwise due. Upon <br /> surrender for any partial redemption of any Bond, there shall be prepared for the registered owner <br /> a new Bond or Bonds of like tenor, of authorized denominations, of the same maturity, and <br /> bearing the same rate of interest 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 <br /> surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest <br /> from the redemption date at the rate borne by the Bond or portion of Bond so called for <br /> redemption. All Bonds which have been redeemed shall be cancelled and destroyed by the Bond <br /> Registrar and shall 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 <br /> transfer of the Bonds as provided in this Ordinance to be kept at the principal corporate trust <br /> office of the Bond Registrar in the City of Chicago, Illinois, which is hereby constituted and <br /> appointed the registrar of the City for the Bonds. The City is authorized to prepare, and the Bond <br /> Registrar or such other agent as the City may designate shall keep custody of, multiple Bond <br /> blanks executed by the City for use in the transfer 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, <br /> duly endorsed by or accompanied by a written instrument or instruments of transfer or exchange <br /> in form satisfactory to the Bond Registrar and duly executed by the registered owner or an <br /> -15- <br /> 30 <br />