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-3 - authenticated after the fifteenth (15th) day of the calendar month next preceding an interest • payment date and prior to such following interest payment date, the certificate shall be dated as of such following interest payment date; and (iv) in all other instances the certificate shall be dated as of the actual date upon which the Bond is authenticated by the Registrar. (c) The execution and authentication of the Bonds in the manner above set forth is adopted as a due and sufficient authentication of the Bonds. 3. (a) Both the principal of and premium, if any, and interest on the Bonds shall be payable in such coin or currency of the United States of America as at the respective dates of payment thereof is legal tender for public and private debts. (b) Principal of and premium, if any, on the Bonds of a given series shall be payable upon presentation and surrender thereof at the principal corporate trust office of the Registrar for the Bonds of such series. (c) Interest on the Bonds shall be payable by check or draft mailed by the Registrar to the registered owners of such Bonds at their respective addresses as such addresses appear on the books of registry kept pursuant to the provisions of this Paragraph 3. (d) At all times during which any Bond of any series remains outstanding and unpaid, the Registrar for such series shall keep or cause to be kept, at its principal corporate trust office, books of registry for the registration, exchange and transfer of Bonds of such series. Upon • presentation of a Bond or Bonds for such purpose at the principal corporate trust office of the Registrar, the Registrar, under such reasonable regulations as it may prescribe, shall register, exchange or transfer, or cause to be registered, exchanged or transferred, such Bond or Bonds on the books of registry as hereinbefore set forth. (e) The books of registry shall at all times be open for inspection by the City or any duly authorized officer thereof. (f) Any Bond may be exchanged at the principal corporate trust office of the Registrar for such series of Bonds for a like aggregate principal amount of such Bonds in other authorized principal sums and of the same series, interest rate and maturity. (g) Any Bond of any series may, in accordance with its terms, be transferred upon the books of registry by the person in whose name it is registered, in person or by his duly authorized agent, upon surrender of such Bond to the Registrar for such series for cancellation, accompanied by a written instrument of transfer duly executed by the registered owner or his duly authorized agent, in form satisfactory to the Registrar. (h) All transfers or exchanges pursuant to this Paragraph 3 shall be made without expense to the registered owner of such Bond or Bonds, except as otherwise herein provided, and except that the Registrar for such series of Bonds shall require the payment by the registered owner of such Bond or Bonds requesting such transfer or exchange of any tax or other • governmental charges required to be paid with respect to such transfer or exchange. All Bonds surrendered pursuant to this Paragraph 3 shall be cancelled.