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_?, .?,?...?,.?,.,?.:?,........?.?,. ,. ?,.,?., . .. <br />provide for the payment of the services rendered and for reimbursement of <br />expenses incurred pursuant to the Agreement from the proceeds of the Bonds to <br />the extent available and then from other money lawfully available and appro- <br />priated or to be appropriated for that purpose. <br />Section 5. The debt charges on the Bonds shall be payable in lawful <br />money of the United States of America without deduction for the services of <br />the Bond Registrar as paying agent. Principal shall be payable when due upon <br />presentation and surrender of the Bonds at the principal corporate trust <br />office of the Bond Registrar. Interest on a Bond shall be paid on each <br />Interest Payment Date by check or draft mailed to the person in whose name the <br />Bond was registered, and to that person's address appearing, on the Bond <br />Register (as defined in Section 6) at the close of business on the first day <br />of the calendar month next preceding that Interest Payment Date (the Record <br />Date). <br />Notwithstanding the foregoing, if and so long as the Bonds are issued <br />in book entry form in accordance with Section 6, principal of and interest on <br />the Bonds shall be payable in the manner provided in the agreement between the <br />City and the Depository described in Section 6. <br />Section 6. So long as any of the Bonds remain outstanding, the City <br />will cause the Bond Registrar to maintain and keep at its principal corporate <br />trust office all books and records necessary for the registration, exchange <br />and transfer of Bonds as provided in this Section (the Bond Register). <br />Subject to the provisions of Section 5, the person in whose name a Bond is <br />registered on the Bond Register shall be regarded as the absolute owner of <br />that Bond for all purposes of this ordinance. Payment of or on account of the <br />debt charges on any Bond shall be made only to or upon the order of that <br />person; neither the City nor the Bond Registrar shall be affected by any <br />notice to the contrary, but the registration may be changed as provided in <br />this Section. All such payments shall be valid and effectual to satisfy and <br />discharge the City's liability upon the Bond, including interest, to the <br />extent of the amount or amounts so paid. <br />Any Bond may be exchanged for Bonds of any Authorized Denomination <br />upon presentation and surrender at the principal corporate trust office of the <br />Bond Registrar, together with a request for exchange signed by the registered <br />owner or by a person legally empowered to do so in a form satisfactory to the <br />Bond Registrar. A Bond may be transferred only on the Bond Register upon <br />presentation and surrender of the Bond at the principal corporate trust office <br />of the Bond Registrar together with an assignment signed by the registered <br />owner or by a person legally empowered to do so in a form satisfactory to the <br />Bond Registrar. Upon exchange or transfer the Bond Registrar shall complete, <br />authenticate and deliver a new Bond or Bonds of any Authorized Denomination or <br />Denominations requested by the owner equal in the aggregate to the unmatured <br />principal atnount of the Bond surrendered and bearing interest at the same rate <br />and maturing on the same date. <br />If manual signatures on behalf of the City are required, the Bond <br />Registrar shall undertake the exchange or transfer of Bonds only after the new <br />Bonds are signed by the authorized officers of the City. In all cases of <br />- 6 - <br />,, _ .. ?..,,.