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t <br /> name each Book-Entry Bond is registered in the Bond Register as <br /> the holder and absolute owner of such Bond for the purpose of <br /> payment of Compound Accreted Value of, principal, and interest. <br /> with respect to such Bond, for the purpose of giving notices of <br /> redemption and other matters with respect to such Bond, for the <br /> purpose of registering transfers with respect to such Bond, and <br /> for all other purposes whatsoever . The Bond Registrar shall pay <br /> all Compound Accreted Value of, principal of, and interest on the <br /> Book-Entry Bonds only to or upon the order of the respective I <br /> registered owners of the Book-Entry Bonds, as shown in the Bond � <br /> Register, or their respective attorneys duly authorized in writ- i <br /> ing, and all such payments shall be valid and effective to <br /> satisfy and discharge fully the City 's obligations with respect <br /> to the payment of Compound Accreted Value of, principal of, and <br /> interest on the Book-Entry Bonds to the extent of the sum or sums <br /> so paid. No person other than a registered owner of a Book-Entry <br /> Bond as shown in the Bond Register shall receive a certificate <br /> evidencing the obligation of the City to make payments of Com- <br /> pound Accreted Value of, principal, and interest with respect to <br /> any Bond. Upon delivery by Midwest to the Bond Registrar of <br /> written notice to � the effect that Midwest has determined to <br /> substitute a new nominee in place of Kray, and subject to the <br /> provisions in Section 2 hereof with respect to the payment of <br /> interest by the mailing of checks or drafts or by wire transfer <br /> to the registered owners of Current Interest Bonds at the close <br /> -11- <br />