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� <br /> • i <br /> this Ordinance to be kept at the Bank as the Note Registrar. The Cit is authorized to prepare, <br /> and the Note Registrar shall keep custody of, multiple Note blanks ex cuted by the City for use <br /> in the transfer and exchange of the Note. <br /> Upon surrender for transfer of the Note, duly endorsed by, or ccompanied by a written <br /> instrument or instruments of transfer in form satisfactory to the Note R gistrar and duly executed <br /> by, the registered owner or his attorney duly authorized in writing, the City shall execute and the <br /> Note Registrar shall authenticate, date and deliver in the name of the ransferee or transferees a <br /> new fully registered Note for a like aggregate principal amount. Th execution by the City of <br /> any fully registered Note shall constitute full and due authorization such Note and the Note <br /> Registrar shall thereby be authorized to authenticate, date and deliver s ch Note. <br /> The person in whose name the Note shall be registered shall b deemed and regarded as <br /> the absolute owner thereof for all purposes, and payment of the princ pal of or interest on such <br /> Note shall be made only to or upon the order of the registered o ner thereof or his legal <br /> representative. All such payments shall be valid and effectual to atisfy and discharge the <br /> liability upon such Note to the extent of the sum or sums so paid. <br /> No registered owner shall be charged a service charge for any t ansfer or exchange of the <br /> Note, but the City may require payment of a sum sufficient to cover any tax or other <br /> governmental charge that may be imposed in connection with any tr nsfer or exchange of the <br /> Note exchanged in the case of the issuance of a new Note for the outst nding portion of the Note <br /> surrendered for redemption. <br /> Section 9. Form of Note. The Note shall be in substantiall the form hereinafter set <br /> forth; provided, however, that if the text of the Note is to be printed n its entirety on the front <br /> side of the Note, then the second paragraph of the front side of the ote and the legend "See <br /> -9- <br />