Laserfiche WebLink
<br />Agent/Registrar may be used to evidence the assignment of this Bond or any such portion or portions hereof <br />by the initial registered owner hereof. A new bond or bonds payable to such assignee or assignees (which <br />then will be the new registered owner or owners of such new Bond or Bonds) or to the initial registered <br />owner as to any portion of this Bond which is not being assigned and transferred by the initial registered <br />owner, shall be delivered by the Paying Agent/Registrar in conversion of and exchange for this Bond or any <br />portion or portions hereof, but solely in the form and manner as provided in the next paragraph hereof for the <br />conversion and exchange of this Bond or any portion hereof. The registered owner of this Bond shall be <br />deemed and treated by the Issuer and the Paying Agent/Registrar as the absolute owner ~ereof for all <br />purposes, including payment and discharge of liability upon this Bond to the extent of such payment, and the <br />Issuer and the Paying Agent/Registrar shall not be affected by any notice to the contrary. <br /> <br />AS PROVIDED above and in the Bond Ordinance, this Bond, to the extent of the unpaid or <br />unredeemed principal balance hereof, may be converted into and exchanged for a like aggregate principal <br />amount of fully registered bonds, without interest coupons, payable to the assignee or assignees duly <br />designated in writing by the initial registered owner hereof, or to the initial registered owner as to any portion <br />of this Bond which is not being assigned and transferred by the initial registered owner, in any denomination <br />or denominations in any integral multiple of $5,000 (subject to the requirement hereinafter stated that each <br />substitute bond issued in exchange for any portion of this Bond shall have a single stated principal maturity <br />date), upon surrender of this Bond to the Paying Agent/Registrar for cancellation, all in accordance with the <br />form and procedures set forth in the Bond Ordinance. If this Bond or any portion hereof is assigned and <br />transferred or converted each bond issued in exchange for any portion hereof shall have a single stated <br />principal maturity date corresponding to the due date of the installment of principal of this Bond or portion <br />hereof for which the substitute bond is being exchanged, and shall bear interest at the rate applicable to and <br />borne by such installment of principal or portion thereof. Such bonds, respectively, shall be subject to <br />redemption prior to maturity on the same dates and for the same prices as the corresponding installment of <br />principal of this Bond or portion hereof for which they are being exchanged No such bond shall be payable <br />in installments, but shall have only one stated principal maturity date. AS PROVIDED IN THE BOND <br />ORDINANCE. THIS BOND IN ITS PRESENT FORM MAY BE ASSIGNED AND TRANSFERRED <br />OR CONVERTED ONCE ONLY, and to one or more assignees, but the bonds issued and delivered in <br />exchange for this Bond or any portion hereofmay be assigned and transferred, and converted, subsequently, <br />as provided in the Bond Ordinance. The Issuer shall pay the Paying Agent/Registrar's standard or customary <br />fees and charges for transferring, converting, and exchanging this Bond or any portion thereof, but the one <br />requesting such transfer, conversion, and exchange shall pay any taxes or governmental charges required to <br />be paid with respect thereto. The Paying Agent/Registrar shall not be required to make any such assignment, <br />conversion, or exchange (i) during the period commencing with the close of business on any Record Date and <br />ending with the opening of business on the next following principal or interest payment date, or, (ii) with <br />respect to any Bond or portion thereof called for prepayment or redemption prior to maturity, within 45 days <br />prior to its prepayment or redemption date. <br /> <br />IN THE EVENT any Paying Agent/Registrar for this Bond 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 owner of this Bond. <br /> <br />IT IS HEREBY certified., recited., and covenanted that this Bond has been duly and validly authorized., <br />issued, sold, and delivered; that all acts, conditions, and things required or proper to be performed., exist, and <br /> <br />6 <br />