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in the mail as aforesaid, those bonds and portions thereof shall continue to bear <br />interest, until they are paid, at the same rate as they would have borne had they <br />not been called for redemption. Ail moneys held by the Registrar for the <br />redemption of particular bonds shall be held in trust for the account of the <br />registered owners thereof and shall be paid to them, respectively, upon <br />presentation and surrender of those bonds. <br /> <br /> SECTION 4. Pursuant to Section 133.30(B), Ohio Revised Code, the <br />Fiscal Officer may combine the Bonds with other bonds into a single consolidated <br />issue of bonds for purposes of their sale as a single issue to be designated <br />"Various Purpose General Obligation Bonds, Series 1992" Such bonds shall <br />contain a summary statement of purposes encompassing the purpose for which the <br />Bonds are issued; shall state that they are issued pursuant to this ordinance; <br />shall be executed by the Mayor and by the Fiscal Officer, one or both of whose <br />signatures may be a facsimile signature; shall be issued only in fully registered <br />form; and shall be registered as to both principal and interest at the corporate <br />trust office of the Registrar. The Bonds shall be issued in the denominations <br />and numbers as requested by the Original Purchaser (as hereinafter defined) and <br />approved by the Fiscal Officer, and shall be numbered as determined by the Fiscal <br />Officer. The principal on the Bonds shall be payable upon presentation and <br />surrender to the Registrar. Interest on any Bond shall be paid on each Interest <br />Payment Date by check or draft, mailed to the person in whose name that Bond is <br />registered (the "Holder") on the registration books of the City maintained by the <br />Registrar and at the address appearing thereon at the close of business of the <br />fifteenth day of the calendar month next preceding the Interest Payment Date (the <br />"Regular Record Date"). Any interest not timely paid (the "Defaulted Interest") <br />shall cease to be payable to the person who is the Holder as of the Regular <br />Record Date and shall be payable to the person who is the Holder at the close of <br />business on a special record date for the payment of such defaulted interest. <br />Such Special Record Date (the "Special Record Date") shall be fixed by the <br />Council of the City whenever moneys become available for payment of the Defaulted <br />Interest, and the Registrar shall cause notice of the proposed payment of such <br />Defaulted Interest and the Special Record Date therefor to be mailed, first class <br />postage prepaid, not less than ten (10) days prior thereto to each Holder at his <br />address as it appears on the registration books of the City maintained by the <br />Registrar. The principal and interest on the Bonds is payable in lawful money <br />of the United States of America without deduction for the services of the <br />Registrar. <br /> <br /> No Bond shall be valid or become obligatory for any purpose unless <br />and until an authentication certificate appearing on the Bond shall have been <br />duly endorsed by the Registrar. <br /> <br /> Any Bond, upon surrender thereof at the principal corporate trust <br />office of the Registrar, together with an assignment duly executed by the Holder <br />or his duly authorized attorney in such form as shall be satisfactory to the <br />Registrar, at the option of the Holder thereof, may be exchanged for Bonds of any <br />authorized denomination or denominations in an aggregate principal amount not <br />exceeding the principal amount of the Bond so exchanged, and bearing interest at <br />the same rate and maturing on the same date. <br /> <br /> Any Bond may be transferred only upon the books kept for the <br />registration and transfer of Bonds upon surrender thereof at the principal <br />corporate trust office of the Registrar together with an assignment duly executed <br />by the Holder or his duly authorized attorney in such form as shall be <br />satisfactory to the Registrar. Upon the transfer of any such Bond and on request <br />of the RegiStrar, the City shall execute in the name of the transferee, and the <br />Registrar shall authenticate and deliver, a new Bond, of any authorized <br />denomination, in aggregate principal amount equal tothe principal amount of such <br />Bond, and bearing interest at the same rate and maturing on the same date. <br /> <br /> In all cases in which Bonds shall be exchanged or transferred, the <br />City shall execute and the Registrar shall authenticate and deliver Bonds in <br />accordance with the provisions of this ordinance. The City and Registrar may <br />make a charge for every such exchange or transfer of Bonds sufficient to <br /> <br />-4- <br /> <br /> <br />