HomeMy WebLinkAbout0037_0035354,.
satisfactory to the Paying Agent/Registrar may be used to
evidence the assignment of this Bond or any such portion or
Portions hereof by the initial registered owner hereof. A new
bond or bonds payable to such assigned or assignees (which then
willbethe new registered owner or owners of such new Bond or
Bonds) or to the initial registered owner as to any portion of
this Bond which is not being assigned and transferred by the
initial registered owner, shall 'be delivered by the Paying
Agent/Registrar in conversion of and exchange for this Bond or
any portion or portions hereof, but solely in the form and
manner as provided in the next paragraph hereof for the conver-
sion and exchange of this Bond or any portion hereof. The
registered owner of this Bond shall be deemed and treated by
the Issuer and the Paying Agent/Registrar as the,absolute owner
hereof for all purposes, including payment and discharge of
liability upon this Bond to the extent of such payment and the
Issuer and the Paying Agent/Registrar shall not be affected by
any notice to the contrary.
AS PROVIDED above and in the Bond Ordinance, this Bond, to
the extent of the unpaid or unredeemed principal balance
hereof, may be converted into and exchanged for a like aggre-
gate principal amount of fully registered bonds, without
interest coupons, payable to the assignee or assignees duly
designated in writing by the initial registered owner hereof,
or to the initial registered owner as -to any portion of this
Bond which is not being assigned and transferred by the initial
registered owner, in any denomination or denominations in any.
integral -multiple of $5,000 (subject to the requirement here-
inafter stated.that each substitute bond issued in exchange for
any portion of this Bond shall have a single stated principal
maturity, date), upon surrender of this Bond to .'the Paying
Agent/Registrar. for cancellation, all in accordance with the
form and procedures set forth in the Bond Ordinance. °If this
Bond or any portion hereof is assigned and transferred or
converted each bond issued in exchange for any portion hereof
shall have a single stated principal maturity date correspond-
ing to the due date of the installment of principal of this
Bond or portion hereof for which the substitute bond is being
exchanged, and shall bear interest at the rate .applicable .to
and borne by such installment of principal or.portion thereof.
Such bonds, respectively, shall be subject to redemption prior
to maturity -on the same dates and for the same prices as the
corresponding installment of principal of this Bond or portion
hereof for which they are being exchanged.' No - such bond shall
be payable in installments, but shall have only one stated
principal -maturity date. AS PROVIDED IN THE, BOND ORDINANCE,
THIS B014D IN ITS PRESENT FORM MAY BE ASSIGNED AND TRANSFERRED
ORa CONVERTED ONCE ONLY, and to one or more assignees, but the
bonds issued and delivered in exchange for this Bond or any
portion hereof may be assigned and transferred, and converted,
subsequently, as provided in the Bond Ordinance. The Issuer
shall pay the Paying Agent/Registrar's standard or customary
Mees and charges for transferring, converting, and exchanging
this. Bond or any portion thereof, but the one requesting such
transfer, conversion, and exchange shall pay any taxes or
governmental charges required to be paid with respect, thereto.
The Paying Agent/Registrar shall not be required to 'make any
such assignment, conversion, or exchange (i) during the period
commencing with the close of business on any Record Date and
ending with the opening of business on the next following
principal or interest payment date, or, (ii) with respect to
any Bond or portion thereof called for prepayment or redemption
prior to maturity, within 45 days prior to its prepayment or,
redemption date.
IN THE:EVENT,any Paying Agent/Registraz for this Bond is
changed by the Issuer,, resigns, or otherwise ceases to act as
such, the Issuer has covenanted in the Band Ordinance that it
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