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. f . <br /> The Bond Registrar sha11 not be required to transfer or exchange any Bond during the <br /> period from the close of business on the Record Date for an interest payment to the opening of <br /> business on such interest payment date or during the period of 15 days preceding the giving of <br /> 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 Bonds may be subject to mandatory and optional redemption, and the holder of this <br /> Bond shall refer to the provisions of the Ordinance for the terms and provision for notice of <br /> redemption. <br /> The City, the Bond Registrar and the Paying Agent may deem and treat the Registered <br /> Owner hereof as the absolute owner hereof for the purpose of receiving payment of or on <br /> account of principal hereof and interest due hereon and for all other purposes, and the City, the <br /> Bond Registraz and the Paying Agent shall not be affected by any notice to the contrary. <br /> -21- <br />