1983 022 Ordinance - Laserfiche WebLink

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nor the Company shall be affected by any notice to the contrary, but the registration may be changed as herein provided. The Bond, upon presentation and surrender thereof at the office of the Registrar, together with a request for exchange signed by the registered Holder or by a person authorized by the Holder to do so by a power of attorney satisfactory to the Registrar, may be exchanged, at the option of the Holder, for a Bond in a denomination equal in the aggregate to the unmatured and unredeemed principal amount of the Bond surrendered, bearing interest at the same rate and maturing on the same date. The Bond may be transferred only on the Register, upon presentation and surrender thereof at the principal corporate office of the Registrar, together with an assignment executed by the registered Holder or by a person authorized by the registered Holder to do so by a power of attorney in a form satisfactory to the Registrar. Upon that transfer, the Registrar shall (i) reissue the surrendered Bond to the transferee, or (ii) if requested by the transferee, complete, authenticate and deliver a new Bond in the authorized denomination, provided that in all cases in which a Bond is exchanged or transferred hereunder for a new Bond, the Issuer shall execute the new Bond by the officers authorized under this Bond Legislation and the Registrar shall undertake actions to authenticate and deliver the Bond only after execution of the new Bond by the duly authorized officers of the Issuer. Every exchange or transfer of the Bond shall be without charge to the Holder; except that the Issuer and the Registrar may make a charge sufficient to reimburse them, respectively, for any tax or excise required to be paid before it begins the procedure for the exchange or transfer. The Issuer or the Registrar may require that those charges, if any, shall be paid before a new or reissued Bond shall be delivered. Any Bond issued upon a transfer or exchange shall be the valid special obligation of the Issuer, evidencing the same debt, and entitled to the same benefits under this Bond Legislation and the Assignment, as the Bond surrendered upon that transfer or exchange. Any Bond surrendered to the Registrar pursuant to this Bond Legisla- tion for the purpose of payment or retirement, or for exchange, replacement or transfer, shall be cancelled by the Registrar, unless, in the case of a trans- fer, the surrendered Bond is to be.reissued to the transferee. Certification of the surrender and cancellation,of Bonds shall be made, and cancelled Bonds shall be retained for a period of time and then destroyed by the Registrar, all in arcordance with the Bond Register Agreement. =Section 4. Payment of aud Security for the Bond. The Bond shall be payable sulely from the Revenues and shall be secured by an assignment of the Revenues and by the Assignment. The Bond shall be further secured by the Note, the Mortgage and a security interest in related fixtures given by the Company to the Holder pursuant to the Agreement. Anything`in this Bond Legis- lation or the Bond to the contrary notwithstanding, neither this Bond Legisla- tion, the Bond nor the Agreement shall constitute a debt or a pledge of the faith and credit of the Issuer, and the Bond shall contain a statement to that effect and that the Bond is payable solely from the Revenues; provided, that nothing herein shall be deemed to prohibit the Issuer, of its own volition, 7