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the delive � of the Note such si nature shall nevertheless be valid and I�ufficient for all u oses, <br /> �5 , g P rP <br /> the same as if such officer had remained in office until delivery. � <br /> The execution by the City of the fully registered Note shall constitute full and due <br /> authorization of the Note, and the Note Registrar shall thereby be authc�rized to authenticate, date <br /> and deliver the Note. The person in whose name the Note shall be registered shall be deemed <br /> and regarded as the absolute owner thereof for all purposes, and payr�ent of the principal of or <br /> interest on the Note shall be made only to or upon the order of the registered owner thereof or the <br /> i <br /> owner's legal representative. All such payments shall be valid an� effectual to satisfy and <br /> discharge the liability upon the Note to the extent of the sum or sums sq paid. <br /> The Note shall have thereon a certificate of authentication d�Zly executed by the Note <br /> Registrar as authenticating agent of the City and showing the date of��authentication. The Note <br /> shall not be valid or obligatory for any purpose or be entitled to any se�urity or benefit under this <br /> Ordinance unless and until such certificate of authentication shall have �been duly executed by the <br /> Note Registrar by manual signature, and such certificate of authenticat�on upon the Note shall be <br /> conclusive evidence that the Note has been authenticated and delive�ed under this Ordinance. <br /> The certificate of authentication on the Note shall be deemed to have been executed by the Note <br /> Registrar if signed by an authorized officer of the Note Registrar. <br /> Section S. Sale and Delivery of Note The Director of Financaal Management is hereby ' <br /> authorized to sell all or any portion of the Note to the Purchaser from ti�ne to time as the Director ', <br /> of Financial Management shall determine that the proceeds of such sal s are needed and on such �I <br /> terms as he may deem to be in the best interests of the City. Nothing c ntained in this Ordinance ' <br /> shall limit the sale of the Note or any portion thereof or any maturity or maturities thereof at a <br /> price or prices in excess of the principal amount thereof. Subsequent �o the sale of the Note or <br />� subsequent to the sale of any portion thereof, the Director of Financial,Management shall file in <br /> _8_ <br />