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13 <br /> <br />(iv)So long as the Bonds are in book-entry-only form, any notice of <br />redemption will be given only to DTC or its nominee. The City shall not be responsible <br />for providing any beneficial owner of the Bonds any notice of redemption. <br /> <br />3.(a) The Bonds shall be executed, for and on behalf of the City, <br />by the manual or facsimile signature of the Mayor of the City and shall have a facsimile <br />of the corporate seal of the City imprinted thereon, attested by the manual or facsimile <br />signature of the Clerk of Council of the City. <br />(b) The City Manager shall direct the Registrar for the Bonds of a <br />given series to authenticate such Bonds and no such Bond shall be valid and obligatory <br />for any purpose unless and until the certificate of authentication endorsed on such Bond <br />shall have been manually executed by an authorized signator of the Registrar. Upon the <br />authentication of any Bonds, the Registrar shall insert in the certificate of authentication <br />the date as of which such Bonds are authenticated as follows: (i) if the Bond is <br />authenticated prior to the first interest payment date, the certificate shall be dated as of <br />the date of the initial issuance and delivery of the Bonds of the series of which such Bond <br />is one, (ii) if the Bond is authenticated upon an interest payment date, the certificate shall <br />be dated as of such interest payment date, (iii) if the Bond is authenticated after the <br />fifteenth (15th) day of the calendar month next preceding an interest payment date and <br />prior to such following interest payment date, the certificate shall be dated as of such <br />following interest payment date and (iv) in all other instances the certificate shall be <br />dated as of the actual date upon which the Bond is authenticated by the Registrar. <br />(c) The execution and authentication of the Bonds in the manner <br />above set forth is adopted as a due and sufficient authentication of the Bonds. <br /> <br />4.(a) The principal of and interest on the Bonds shall be payable <br />in such coin or currency of the United States of America as at the respective dates of <br />payment thereof is legal tender for public and private debts. <br />(b) Principal of the Bonds of a given series shall be payable upon <br />presentation and surrender thereof at the office of the Registrar. <br />(c) Interest on the Bonds shall be payable by check mailed by the <br />Registrar to the registered owners of such Bonds at their respective addresses as such <br />addresses appear on the books of registry kept pursuant to the provisions of this <br />Paragraph 4; provided, however, that so long as the Bonds are in book-entry form and <br />registered in the name of Cede & Co., as nominee of DTC, or in the name of such other <br />nominee of DTC as may be requested by an authorized representative of DTC, interest on <br />the Bonds shall be paid directly to Cede & Co. or such other nominee of DTC by wire <br />transfer. <br />(d) At all times during which any Bond of any series remains <br />outstanding and unpaid, the Registrar shall keep or cause to be kept, at its office, books of <br />registry for the registration, exchange and transfer of Bonds of such series. Upon <br />presentation of a Bond or Bonds at the office of the Registrar, the Registrar, under such <br />reasonable regulations as the Registrar may prescribe, shall register, exchange or transfer, <br />or cause to be registered, exchanged or transferred, such Bond or Bonds on the books of <br />registry as hereinbefore set forth. <br />(e) The books of registry shall at all times be open for inspection by <br />the City or any duly authorized officer thereof. <br />(f) Any Bond may be exchanged at the office of the Registrar for a <br />like aggregate principal amount of such Bonds in other authorized principal sums and of <br />the same series, interest rate and maturity. <br />(g) Any Bond of any series may, in accordance with its terms, be <br />transferred upon the books of registry by the person in whose name it is registered, in <br />person or by his duly authorized agent, upon surrender of such Bond to the Registrar for <br />cancellation, accompanied by a written instrument of transfer duly executed by the <br />registered owner or his duly authorized agent, in form satisfactory to the Registrar. <br /> <br />