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<br /> <br /> <br /> <br /> <br /> <br /> Agent/Registrar for transfer of registration and cancellation, together with proper written <br /> instruments of assignment, in form and with guarantee of signatures satisfactory to the <br /> Paying Agent/Registrar, (i) evidencing the assignment of the Bond, or any portion thereof <br /> in any integral multiple of $5,000, to the assignee or assignees thereof, and (ii) the right of <br /> such assignee or assignees to have the Bond or any such portion thereof registered in the <br /> name of such assignee or assignees. Upon the assignment and transfer of any Bond or any <br /> portion thereof, a new substitute Bond or Bonds shall be issued in conversion and exchange <br /> therefor in the manner herein provided. The Initial Bond, to the extent of the unpaid or <br /> unredeemed principal balance thereof, may be assigned and transferred by the initial regis- <br /> tered owner thereof once only, and to one or more assignees designated in writing by the <br /> initial registered owner thereof. All Bonds issued and delivered in conversion of and <br /> exchange for the Initial Bond shall be in any denomination or denominations of any integral <br /> multiple of $5,000 (subject to the requirement hereinafter stated that each substitute Bond <br /> shall have a single stated principal maturity date), shall be in the form prescribed in the <br /> FORM OF SUBSTITUTE BOND set forth in this Ordinance, and shall have the <br /> characteristics, and may be assigned, transferred, and converted as hereinafter provided. If <br /> the Initial Bond or any portion thereof is assigned and transferred or converted the Initial <br /> Bond must be surrendered to the Paying Agent/Registrar for cancellation, and each Bond <br /> issued in exchange for any portion of the Initial Bond shall have a single stated principal <br /> maturity date, and shall not be payable in installments; and each such Bond shall have a <br /> principal maturity date corresponding to the due date of the installment of principal or <br /> portion thereof for which the substitute Bond is being exchanged; and each such Bond shall <br /> bear interest at the single rate applicable to and borne by such installment of principal or <br /> portion thereof for which it is being exchanged. If only a portion of the Initial Bond is <br /> assigned and transferred, there shall be delivered to and registered in the name of the initial <br /> registered owner substitute Bonds in exchange for the unassigned balance of the Initial Bond <br /> in the same manner as if the initial registered owner were the assignee thereof. If any Bond <br /> or portion thereof other than the Initial Bond is assigned and transferred or converted each <br /> Bond issued in exchange shall have the same principal maturity date and bear interest at <br /> the same rate as the Bond for which it is exchanged. A form of assignment shall be printed <br /> or endorsed on each Bond, excepting the Initial Bond, which shall be executed by the <br /> registered owner or its duly authorized attorney or representative to evidence an assignment <br /> thereof. Upon surrender of any Bonds ar any portion or portions thereof for transfer of <br /> registration, an authorized representative of the Paying Agent/Registrar shall make such <br /> transfer in the Registration Books, and shall deliver a new fully registered substitute Bond <br /> or Bonds, having the characteristics herein described, payable to such assignee or assignees <br /> (which then will be the registered owner or owners of such new Bond or Bonds), or to the <br /> previous registered owner in case only a portion of a Bond is being assigned and transferred, <br /> all in conversion of and exchange for said assigned Bond or Bonds or any portion or portions <br /> thereof, in the same form and manner, and with the same effect, as provided in Section 6(d), <br /> below, for the conversion and exchange of Bonds by any registered owner of a Bond. The <br /> Issuer shall pay the Paying Agent/Registrar's standard or customary fees and charges for <br /> making such transfer and delivery of a substitute Bond or Bonds, but the one requesting <br /> such transfer shall pay any taxes or other governmental charges required to be paid with <br /> respect thereto. The Paying Agent/Registrar shall not be required to make transfers of <br /> <br /> 10 <br />