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c <br /> � <br /> redemption date at the rate borne by the Note or portion of Note so called for redemption. All <br /> Notes which have been redeemed shall be cancelled and destroyed by the Note Registrar and <br /> shall not be reissued. <br /> Section 8. Registration of Notes; Persons Treated as Owners. The City shall cause <br /> books (the `?Vote Register") for the registration and for the transfer of the Notes as provided in <br /> this Ordinance to be kept at the Bank as the Note Registrar. <br /> The execution by the City of any fully registered Note shall constitute full and due <br /> authorization of such Note, and the Note Registrar shall thereby be authorized to authenticate, <br /> date and deliver such Note;provided, however, the principal amount of Notes of each maturity I <br /> authenticated by the Note Registrar shall not at any one time exceed the authorized principal I <br /> amount of Notes less the amount of such Notes which have been paid. ' <br /> The Bank shall be deemed and regarded as the absolute owner thereof for all purposes, �i <br /> and payment of the principal of or interest on any Note shall be made only to or upon the order I <br /> of the Bank or its legal representative. All such payments shall be valid and effectual to satisfy <br /> and discharge the liability upon such Note to the extent of the sum or sums so paid. <br /> Section 9. Form of Note. The Notes shall be in substantially the form hereinafter set <br /> forth;provided, however, that if the text of the Note is to be printed in its entirety on the front <br /> side of the Note, then the second paragraph of the front side of the Note and the legend "See <br /> Reverse Side for Additional Provisions" shall be omitted and paragraphs on the reverse side of <br /> the Note shall be inserted immediately after the first paragraph on the front side. <br /> -9- <br />