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Interest on the Bonds shall be payable by check mailed by the Registrar to the registered <br />• owners of such Bonds at their respective addresses as such addresses appear on the books of <br />registry kept pursuant to the provisions of this Paragraph 4. <br />At all times during which any Bond of any series remains outstanding and unpaid, the <br />Registrar shall keep or cause to be kept, at its office, books of registry for the registration, <br />exchange and transfer of Bonds of such series. Upon presentation of a Bond or Bonds at the <br />office of the Registrar, the Registrar, under such reasonable regulations as the Registrar may <br />prescribe, shall register, exchange or transfer, or cause to be registered, exchanged or transferred, <br />such Bond or Bonds on the books of registry as hereinbefore set forth. <br />The books of registry shall at all times be open for inspection by the City or any duly <br />authorized officer thereof. <br />Any Bond may be exchanged at the office of the Registrar for a like aggregate principal <br />amount of such Bonds in other authorized principal sums and of the same series, interest rate and <br />maturity. <br />Any Bond of any series may, in accordance with its terms, be transferred upon the books <br />of registry by the person in whose name it is registered, in person or by his duly authorized <br />agent, upon surrender of such Bond to the Registrar for cancellation, accompanied by a written <br />instrument of transfer duly executed by the registered owner or his duly authorized agent, in <br />form satisfactory to the Registrar. <br />• All transfers or exchanges pursuant to this Paragraph 4 shall be made without expense to <br />the registered owner of such Bond or Bonds, except as otherwise herein provided, and except <br />that the Registrar shall require the payment by the registered owner of such Bond or Bonds <br />requesting such transfer or exchange of any tax or other governmental charges required to be <br />paid with respect to such transfer or exchange. All Bonds surrendered for transfer or exchange <br />pursuant to this Paragraph 4 shall be cancelled. <br />The full faith and credit of the City shall be and is irrevocably pledged to the punctual payment <br />of the principal of and interest on the Bonds as the same become due. In each year while the <br />Bonds, or any of them, are outstanding and unpaid, the Council is authorized and required to <br />levy and collect annually, at the same time and in the same manner as other taxes of the City are <br />assessed, levied and collected, a tax upon all taxable property within the City, over and above all <br />other taxes, authorized or limited by law and without limitation as to rate or amount, sufficient to <br />pay when due the principal of and interest on the Bonds to the extent other funds of the City are <br />not lawfully available and appropriated for such purpose. <br />CUSIP identification numbers may be printed on the Bonds, but no such number shall constitute <br />a part of the contract evidenced by the particular Bonds upon which it is printed and no liability <br />shall attach to the City or any officer or agent thereof (including any paying agent for the Bonds) <br />by reason of such numbers or any use made thereof (including any use thereof made by the City, <br />any such officer or any such agent) or by reason of any inaccuracy, error or omission with <br />respect thereto or in such use. All expenses in relation to the printing of such numbers on the <br />• Bonds shall be paid by the City; provided, however, that the CUSIP Service Bureau charge for <br />-7- <br />