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1 / <br /> I <br /> Agent at the redemption price. Installments of interest due on or prior to the redemption date <br /> shall be payable as herein provided for payment of interest. Upon surrender for any partial <br /> redemption of any Bond, there shall be prepared for the registered holder a new Bond or Bonds <br /> of the same maturity 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 8. Registration and Exchange or Transfer of Bonds; Persons Treated as <br /> Owners. (a) General. The City shall cause books for the registration and for the transfer of the <br /> Bonds as provided in this Ordinance to be kept at the principal corporate trust office of the Bond <br /> Registrar, which is hereby constituted and appointed the registrar of the City for the Bonds. The <br /> 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, <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 /> -19- <br />