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they not been called for redemption. All money held by the Bond Registrar for the <br />redemption of particular Bonds shall be held intrust for the account of the registered owners <br />thereof and shall be paid to them; respectively, upon presentation and surrender of those <br />Bonds. <br />Section 4. Wining and Authentication of Bonds• Appointment of Bond Registraz. The <br />Bonds shall be signed by the Mayor and the Director of Finance, in the name of the City and in their <br />official capacities, provided that either or both of those signatures may be a facsimile. The Bonds <br />shall be issued in the Authorized Denominations and numbers as requested by the Original <br />Purchaser and approved by the Director of Finance, shall be numbered as determined by the <br />Director of Finance in order to distinguish each Bond from any other Bond and shall express upon <br />their faces the purpose, in surmnary terms, for which they are issued and that they are issued <br />pursuant to this Ordinance. <br />The Huntington National Bank is hereby appointed to act as the initial Bond Registrar. The <br />Bond Registraz Agreement in the form now on file with the Clerk is approved, and the Director of <br />Finance is authorized to sign and deliver, in the name and on behalf of the City,. the Bond Registrar <br />Agreement with any changes that are not inconsistent with this Ordinance, are not materially <br />adverse to the City and are approved by the Director of Finance. That such changes are not <br />materially adverse to the Ciry and have been approved by the Director of Finance shall be <br />conclusively evidenced by the Director of Finance's signing of the Bond Registrar Agreement. The <br />Director of Finance shall provide for the payment of the services rendered and for reimbursement of <br />expenses incurred pursuant to the Bond Registrar Agreement, except to the extent paid or <br />reimbursed by the Original Purchaser in accordance with the Bond Purchase Agreement,. from the <br />proceeds of the Bonds to the extent available and then from other money lawfully available and <br />appropriated or to be appropriated for that purpose. <br />No Bond shall be valid or obligatory for any purpose or shall be entitled to any security or <br />benefit under the Bond proceedings unless and until the certificate of authentication printed on the <br />Bond is signed by the Bond Registrar as authenficating agent. Authentication by the Bond Registrar <br />shall be conclusive evidence that the Bond so authenticated has been duly issued, signed and <br />delivered under, and is entitled to the security and benefit of, the Bond proceedings. The certificate <br />of authentication may be signed by any authorized officer or employee of the Bond Registrar or by <br />any other person acting as an agent of the Bond Registrar and approved by the Director of Finance <br />on behalf of the City. The same person need not sign the certificate of authentication on all of the <br />Bonds. <br />Section 5. Re~istration• Transfer and Exchange• Book Entry System. <br />(a) Bond Registrar. So long as any of the Bonds remain outstanding, the City will cause <br />the Bond Registrar to maintain and keep the Bond Register at its designated corporate trust office. <br />Subject to the provisions of Section 5(c), the person in whose name a Bond is registered on the <br />Bond Register shall be regazded as the absolute owner of that Bond for all purposes of the Bond <br />proceedings. Payment of or on account of the debt charges on any Bond shall be made only to or <br />upon the order of that person; neither the Ciry nor the Bond Registrar shall be affected by any notice <br />to the contrary, but the registration maybe changed as provided in this Section. All such payments <br />9 <br />