Agenda 07/25/2000 - Laserfiche WebLink

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and authorized to act as Paying Agent and Registrar hereunder. The transfer of the Note may be registered only on the books kept for the registration and registration of transfer of the Note upon surrender thereof to the Registrar together with an assigmnent duly executed by the registered holder in person or by his duly authorized attorney or legal representative in such form as shall be satisfactory to the Registrar. Upon any such transfer, the City shall execute and the Registrar shall authenticate and deliver, in exchange of the Note, a new registered Note registered in the name of the transferee of the same series, maturity and interest rate as the Note so exchanged in any denomination or denominations authorized by this Ordinance. The Registrar shall not be required to make any such registration or registration of transfer during the thirty (30) days immediately preceding the Maturity Date or a redemption date. - Prior to due presentment for registration of transfer for the Note, tile Registrar shall treat the registered holder as the person exclusively entitled to payment of principal of~ premium, if any, and interest on, the Note and the exercise of all other rights and powers of the Holder. If the Note has been mutilated, lost or destroyed, the City shall execute and the Registrar shall authenticate and deliver a new Note of like date and tenor in exchange or substitution for, and upon cancellation of, such mutilated Note or in lieu of and in substitution for such lost or destroyed Note; provided, however, that the City and the Registrar shall execute, authenticate and deliver such Note only if the Holder has paid the reasonable expenses and charges of the City and the Registrar in connection therewith and, in the case of a lost or destroyed Note, has furnished to the City and the Registrar (a) evidence satisfactory to them that such Note was lost or destroyed and the Holder was the Owner thereof and (b) indemnity satisfactory to them. If the Note has matured, instead of issuing a new Note, the Registrar may pay the same without surrender thereof upon receipt of the aforesaid evidence and indemnity. If the Note has been paid (whether at maturity, by acceleration or otherwise) or delivered to the Paying Agent for cancellation, the Note shall not be reissued and the Registrar shall, unless otherwise directed by the City, cremate, shred or otherwise dispose of the Note. The Registrar shall deliver to the City a certificate of any such cremation, shredding or other disposition of the Note. CUSIP identification numbers may be printed on the Note, but such numbers shall not be deemed to be a part of the Note or a part of the contract evidenced thereby and no liability shall hereafter attach to the City or any of the officers or agents thereof because or on account of said CUSIP numbers. The Note, the Certificate of Authentication and the provision for the assignment to be inserted in the Note shall be substantially in the following forms, to-wit: 5