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and Section 5, upon presentation and surrender thereof at the place or places specified in that notice, <br />shall be paid at the redemption price, plus accrued interest to the redemption date. If moneys for the <br />redemption of all of the Bonds and portions thereof to be redeemed, together with accrued interest <br />thereon to the redemption date, are held by the Bond Registrar on the redemption date, so as to be <br />available therefor on that 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 shall <br />cease to bear interest and no longer shall be considered to be outstanding. If those moneys shall not <br />be so available on the redemption date, or that notice shall not have been deposited in the mail as <br />aforesaid, those Bonds and portions thereof shall continue to bear interest, until they are paid, at the <br />same rate as they would have borne had they not been called for redemption. All moneys held by the <br />Bond Registrar for the 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 presentation and surrender of <br />those Bonds; provided that any interest earned on the moneys so held by the Bond Registrar shall be <br />for the account of and paid to the City to the extent not required for the payment of the Bonds called <br />for redemption. <br />Section 4. Execution and Authentication of Bonds; Appointment of Bond Re i?. <br />The Bonds shall be signed by the Mayor and the Director of Finance, in the name of the City and in <br />their official capacities, provided that either or both of those signatures may be a facsimile. The <br />Bonds 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 Director <br />of Finance in order to distinguish each Bond from any other Bond and to distinguish Current Interest <br />Bonds from any Capital Appreciation Bonds, and shall express upon their faces the purpose, in <br />summary terms, for which they are issued and that they are issued pursuant to this ordinance. <br />The Huntington National Bank, Columbus, Ohio, is appointed to act as the initial <br />Bond Registrar. The Mayar and the Director of Finance shall sign and deliver, in the name and on <br />behalf of the City and in their official capacities, the Registrar Agreement between the City and the <br />Bond Registrar, in substantially the form as is now on file with the Clerk of CounciL The Registrar <br />Agreement is approved, together with any changes or amendments that are not inconsistent with this <br />ordinance and not substantially adverse to the City and that are approved by the Mayor and the <br />Director of Finance on behalf of the City, all of which shall be conclusively evidenced by the signing <br />of the Registrar Agreement or amendments thereto. The Director of Finance shall provide for the <br />payment of the services rendered and for reimbursement of expenses incurred pursuant to the <br />Registrar Agreement, except to the extent paid or reimbursed by the Original Purchaser in accordance <br />with the Purchase Agreement, from the proceeds of the Bonds to the extent available and then from <br />other money lawfully available and 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 <br />security ar benefit under the Bond proceedings unless and until the certificate of authentication <br />printed on the Bond is signed by the Bond Registrar as authenticating agent. Authentication by the <br />Bond Registrar shall be conclusive evidence that the Bond so authenticated has been duly issued, <br />signed and delivered under, and is entitled to the security and benefit of, the Bond proceedings. The <br />certificate of authentication may be signed by any authorized officer or employee of the Bond <br />Registrar or by any other person acting as an agent of the Bond Registrar and approved by the <br />Director of Finance on behalf of the City. The same person need not sign the certificate of <br />authentication on all of the Bonds. <br />-9-