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<br />the redemption date, are held by the Registrar on the redemption date, so as to be available <br />therefor on tha,t date and, if notice of redemption has been deposited in the mail as aforesaid, <br />then from and after the redemption date those Bonds and portions thereof called for redemption <br />shall cease to bear interest and no longer shall be considered to. be outstanding. If those moneys <br />shall not be so available on the redemption date, or that notice shall not have been deposited in <br />the mail as aforesaid, those Bonds and portions thereof shall continue to bear interest, until they <br />are paicL at the same rate as they would have borne had they not bem called for redemption. All <br />moneys held by the Registrar for the redemption of particular Bonds shall be held in trust for the <br />account of the registered owners thereof and shall be paid to them, respectively, upon <br />pfësenlation and surrender of those Bonds _u;_",_~', <br /> <br />SECTION 4, Pursuant to Section 133 .30(B) of the Ohio Revised Code, the Fiscal <br />Officer is authorized to combine the Bonds with other bonds into a single consolidated issued of <br />bonds, for purposes of their sale, as a single issue to be designated "Various Purpose General <br />Obligation Bonds, Series 2005" Such consolidated bonds shall contain a summary statement of <br />purpose encompassing the pmpose for which the Bonds are issued and shall state that they are <br />issued pursuant to this Ordinance; shall be executed by the Mayor and by the Fiscal Officer, one <br />or both of whose signatures may be afacsímile signature;, shall be issued only in fully registered <br />fonn; and, shall be registered as to both principal and interest at the corporate trust office of the <br />Registrar. The Bonds shall be issued in the denominations and numbers as requested by the <br />Original Purchaser and approved by the Fiscal Officer, and shall be numbered as determined by <br />the Fiscal Officer. The principal ofllie Bonds shall be payable upon presentation and surrender <br />to the Registrar, Interest on any Bond shan be paid on each Interest Payment Date by check or <br />draft mailed to the person in whose name that Bond is registered (the "Holder") on the <br />registration books of the City maintained by the Registrar and at the address appearing thereon at <br />the close of business of the fifteenth day of the calendar month next preceding the Interest <br />Payment Date (the "R~gular,Recordpat~"J or by wire transfer made at the written request of a <br />Holder of at Jeast $1,000,000 in aggregate principal amount of the Bonds Any interest not <br />timely paid (the "Defaulted Interest") shall cease to be payable to the person who is the Holder <br />as of the Regular Record Date and shan be payable to the person who is the Holder at the close <br />of business on a special, record, date for the payment of such defaulted interest (the "Special <br />Record Date"). Such Special Record Date shall be fixed by the Council of the City whenever <br />moneys' become available for payment of the Defaulted Interest, and the Registrar shall cause <br />notice of the proposed payment of snch Defaulted Interest and the Special Record Date therefor <br />to be mailed, first class postage prepaid, not less than ten (10) days prior thereto to each Holder <br />at the address pertaining to each Holder that appears on the registration books of the City <br />maintained by the 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 Registrar <br /> <br />No Bond shall be valid or become obligatory for any purpose unless and 1U1til an <br />authentication certificate appearing on the Bond shall have been duly endorsed by the Registrar <br /> <br />Any Bond, upon surrender thereof at the principal corporate trust office of the <br />Registrar, together with an assignmenl duly executed by the Holder or his duly authorized <br />attorney in such form as shall be satisfactory to the Registrar, at the option of the Holder thereof, <br />may be exchanged for Bonds of any authorized denomination or denomÎnations in an aggregate <br />principal amount not exceeding the principal amount of the Bond so exchanged, and bearing <br />interest at the same rate and maturing on the same date <br /> <br />Any Bond may be transferred only upon the books kept for the registration and <br />transfer of Bonds upon surrender thereof at the principal corporate trust office of the Registrar <br />together with an assignment duly executed by the Holder or his duly authorized attorney in such <br />fonn as shall be satisfactory to the Registrar. Upon the transfer of any such Bond and on request <br />of the Registrar, the City shall execute in the n~e o(the transferee, and the Registrar shall <br />authenticate and deliver, a new Bond, of any authorized denomination, in aggregate principal <br />amount equal to the principal' amount of such Bond, and bearing interest at the same rate and <br />maturing on the same date. <br /> <br />In all cases in which Bonds shan be exchanged or transferred, the City shall <br />execute and the Registrar shall authenticate and deliver Bonds in accordance with the provisions <br />of this Ordinance. The City and Registrar may make a charge for every such exchange or <br />transfer of Bonds sufficient to reimburse them for any tax or other governmental charge required <br /> <br />{CT0124;1} <br /> <br />5 <br />