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- 3 - <br />. 2. (a) The Bonds shall be executed, for and on <br />behalf of the City, by the manual or facsimile signature of the <br />Mayor and the City Treasurer of the City and shall have a <br />facsimile of the corporate seal of the City imprinted thereon, <br />attested by the manual or facsimile signature of the Clerk of <br />Council of the City. <br />(b) The City Manager shall direct the Registrar <br />for the Bonds of a given series to authenticate such Bonds and no <br />such Bond shall be valid and obligatory for any purpose unless <br />and until the certificate of authentication endorsed on such Bond <br />shall have been manually executed by an authorized signator of <br />the Registrar. Upon the authentication of any Bonds, the <br />Registrar shall insert in the certificate of authentication the <br />date as of which such Bonds are authenticated as follows: (i) if <br />the Bond is authenticated prior to the first interest payment <br />date, the certificate shall be dated as of the date of the <br />initial issuance and delivery of the Bonds of the issue of which <br />such Bond is one; (ii) if the Bond is authenticated upon an <br />interest payment date, the certificate shall be dated as of such <br />interest payment date; (iii) if the Bond is authenticated after <br />the fifteenth (15th) day of the calendar month next preceding an <br />interest payment date and prior to such following interest <br />payment date, the certificate shall be dated as of such following <br />interest payment date; and (iv) in all other instances the <br />certificate shall be dated as of the actual date upon which the <br />• Bond is authenticated by the Registrar. <br />(c) The execution and authentication of the Bonds <br />in the manner above set forth is adopted as a due and sufficient <br />authentication of the Bonds. <br />3. (a) Both the principal of and premium, if any, <br />and interest on the Bonds shall be payable in such coin or <br />currency of the United States of America as at the respective <br />dates of payment thereof is legal tender for public and private <br />debts. <br />(b) Principal of and premium, if any, on the <br />Bonds of a given -series shall be payable upon presentation and <br />surrender thereof at the principal corporate trust office of the <br />Registrar for the Bonds of such series. <br />(c) Interest on the Bonds shall be payable by <br />check or draft mailed by the Registrar to the registered owners <br />of such Bonds at their respective addresses as such addresses <br />appear on the books of registry kept pursuant to the provisions <br />of this paragraph. <br />(d) At all times during which any Bond of any <br />series remains outstanding and unpaid, the Registrar for such <br />series shall keep or cause to be kept, at its principal corporate <br />• trust office, books of registry for the registration, exchange <br />and transfer of Bonds of such series. Upon presentation of a <br />