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The City reserves the right to order the Bond Registrar to return to it any money held by <br /> the Bond Registrar for the payment of(i) checks or drafts for the payment of interest on the Bonds <br /> or (ii) principal of Bonds, which checks, drafts or Bonds have not been presented for payment <br /> within four years following the date on which payment of the interest or principal represented <br /> thereby came due. Thereafter, the registered owners shall look only to the City for payment of the <br /> interest and principal represented by those checks, drafts and Bonds. <br /> (e) Redemption Provisions. The Bonds shall not be subject to redemption prior to <br /> stated maturity. <br /> Section 4. Execution and Authentication of Bonds; Appointment of Bond Registrar. <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 <br /> Director of Finance in order to distinguish each Bond from any other Bond and to distinguish <br /> Current Interest Bonds from any Capital Appreciation Bonds, and shall express upon their faces the <br /> purpose, in summary terms, for which they are issued and that they are issued pursuant to this <br /> ordinance. <br /> The Huntington National Bank, Columbus, Ohio, is appointed to act as the initial Bond <br /> Registrar. The Mayor and the Director of Finance shall sign and deliver, in the name and on behalf <br /> of the City and in their official capacities, the Registrar Agreement between the City and the Bond <br /> 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 <br /> signing of the Registrar Agreement or amendments thereto. The Director of Finance shall provide <br /> for the 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 <br /> accordance with the Purchase Agreement, from the proceeds of the Bonds to the extent available <br /> and then from other money lawfully available and appropriated or to be appropriated for that <br /> purpose. <br /> No Bond shall be valid or obligatory for any purpose or shall be entitled to any security <br /> or benefit under the Bond proceedings unless and until the certificate of authentication printed on <br /> the Bond is signed by the Bond Registrar as authenticating agent. Authentication by the Bond <br /> Registrar shall be conclusive evidence that the Bond so authenticated has been duly issued, signed <br /> 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 /> - 8 - <br />