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<br /> <br /> <br /> <br /> ~ <br /> <br /> <br /> <br /> have the right to inspect the Registration Books during regular <br /> business hours of the Paying Agent/Registrar, but otherwise the <br /> Paying Agent/Registrar shall keep the Registration Books <br /> confidential and, unless otherwise required by law, shall not <br /> permit their inspection by any other entity. Registration of <br /> each Certificate of Obligation may be transferred in the Registration Books only upon presentation and surrender of such <br /> Certificate of Obligation to the Paying Agent/Registrar for <br /> ~ transfer of registration and cancellation, together with proper <br /> written instruments of assignment, in form and with guarantee <br /> ' of signatures satisfactory to the Paying Agent/Registrar, (i) <br /> evidencing the assignment of the Certificate of Obligation, or <br /> any portion thereof in any integral multiple of $5,000, to the <br /> assignee or assignees thereof, and (ii) the right of such <br /> assignee or assignees to have the Certificate of Obligation or <br /> any such portion thereof registered in the name of such <br /> assignee or assignees. Upon the assignment and transfer of any <br /> Certificate of Obligation or any portion thereof, a new <br /> substitute Certificate of Obligation or Certificates of <br /> Obligation shall be issued in conversion and exchange therefor <br /> in the manner herein provided. The Initial Certificate of <br /> Obligation, to the extent of the unpaid or unredeemed principal <br /> balance thereof, may be assigned and transferred by the initial <br /> ~ registered owner thereof once only, and to one or more <br /> assignees designated in writing by the initial registered owner <br /> thereof. Al1 Certificates of Obligation issued and delivered <br /> in conversion of and exchange for the Initial Certificate of <br /> Obligation shall be in any denomination or denominations of any <br /> integral multiple of $5,000 (subject to the requirement <br /> hereinafter stated that each substitute Certificate of <br /> Obligation shall have a single stated principal maturity date) <br /> shall be in the form prescribed in the FORM OF SUBSTITUTE <br /> CERTIFICATE OF OBLIGATION set forth in this Ordinance, and <br /> ' shall have the characteristics, and may be assigned, trans- <br /> ~ ferred, and converted as hereinafter provided. If the Initial <br /> Certificate of Obligation or any portion thereof is assigned <br /> and transferred or converted the Initial Certificate of <br /> Obligation must be surrendered to the Paying Agent/Registrar <br /> for cancellation, and each Certificate of Obligation issued in <br /> exchange for any portion of the Initial Certificate of <br /> Obligation shall have a single stated principal maturity date, <br /> and shall not be payable in installments; and each such <br /> Certificate of Obligation sha11 have a principal maturity date <br /> corresponding to the due date of the installment of principal <br /> or portion thereof for which the substitute Certificate of <br /> Obligation is being exchanged; and each such Certificate of <br /> Obligation shall bear interest at the single rate applicable to <br /> and borne by such installment of principal or portion thereof <br /> for which it is being exchanged. If only a portion of the <br /> Initial Certificate of Obligation is assigned and transferred, <br /> there shall be delivered to and registered in the name of the <br /> initial registered owner substitute Certificates of Obligation <br /> in exchange for the unassigned balance of the Initial <br /> Certificate of Obligation in the same manner as if the initial <br /> registered owner were the assignee thereof. If any Certificate <br /> of Obligation or portion thereof other than the Initial <br /> Certificate of Obligation is assigned and transferred or <br /> converted each Certificate of Obligation issued in exchange <br /> therefor shall have the same principal maturity date and bear <br /> interest at the same rate as the Certificate of Obligation for <br /> which it is exchanged. A form of assignment shall be printed <br /> or endorsed on each Certificate of Obligation, excepting the <br /> Initial Certificate of Obligation, which shall be executed by <br /> the registered owner or its duly authorized attorney or <br /> representative to evidence an assignment thereof. Upon~ <br /> surrender of any Certificates of Obligation or any portion or <br /> portions thereof for transfer of registration, an authorized <br /> representative of the Paying Agent/Registrar shall make such <br /> transfer in the Registration Books, and shall deliver a new <br /> 8 <br />