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<br />cancellation, all in accordance with the form and procedures set forth in the Bond Ordinance. The Issuer <br />shall pay the Paying Agent/Registmr's standard or customary fees and charges for transferring, converting, <br />and exchanging any Bond or any portion thereof, but the one requesting such tmnsfer, conversion, and <br />exchange shall pay any taxes or governmental charges required to be paid with respect thereto as a condition <br />precedent to the exercise of such privilege of conversion and exchange. The Paying AgentJRegistrar shall <br />not be required to make any such conversion and exchange (i) during the period commencing with the close <br />of business on any Record Date and ending with the opening of business on the next following principal or <br />interest payment date, or, (ii) with respect to any Bond or portion thereof called for redemption prior to <br />maturity, withiJ:l45 days prior to its redemption date. <br /> <br />IN 1HE EVENT any Paying Agent/Registmr for the Bonds is changed by the Issuer, resigns, or <br />otherwise ceases to act as such, the Issuer has covenanted in the Bond Ordinance that it promptly will appoint <br />a competent and legally qualified substitute therefor, and promptly will cause written notice thereof to be <br />mailed to the registered owners of the Bonds. <br /> <br />IT IS HEREBY certified, recited, and covenanted that this Bond has been duly and valiilly authorized, <br />issued, sold, and delivered; that all acts, conditions, and things required or proper to be performed, exist, and <br />be done precedent to or in the authorization, issuance, and delivery of this Bond have been performed, existed, <br />and been done in accordance with law; that this Bond is a general obligation of the Issuer, issued on the full <br />faith and credit thereof; and that ad valorem taxes sufficient to provide for the payment of the interest on and <br />principal of this Bond, as such interest and principal come due, have been levied and ordered to be levied <br />against all taxable property in the Issuer, and have been pledged for such payment, within the limit prescribed <br />by law. <br /> <br />BY BECOMING the registered owner of this Bond, the registered owner thereby acknowledges all <br />of the terms and provisions of the Bond Ordinance, agrees to be bound by such terms and provisions, <br />acknowledges that the Bond Ordinance is duly recorded and available for inspection in the official minutes <br />and records of the governing body of the Issuer, and agrees that the terms and provisions of this Bond and <br />the Bond Ordinance constitute a contmct between each registered owner hereof and the Issuer. <br /> <br />IN WITNESS WHEREOF, the Issuer has caused this Bond to be signed with the manual or facsimile <br />signature of the Mayor of the Issuer and countersigned with the manual or facsimile signature of the City <br />Secretary of the Issuer, and has caused the official seal of the Issuer to be duly impressed, or placed in <br />facsimile, on this Bond <br /> <br />City Secretary <br /> <br />Mayor <br /> <br />(CITY SEAL) <br /> <br />16 <br />