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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) No Prior Redemption. The Bonds shall not be subject to redemption prior to <br />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 />U.S. Bank National Association is appointed to act as the initial Bond Registrar. The <br />Mayor and the Director of Finance shall sign and deliver, in the name and on behalf of the City and <br />in their official capacities, the Registrar Agreement between the City and the Bond Registrar, in <br />substantially the form as is now on file with the Clerk of Council. The Registrar Agreement is <br />approved, together with any changes or amendments that are not inconsistent with this ordinance <br />and not substantially adverse to the City and that are approved by the Mayor and the Director of <br />Finance on behalf of the City, all of which shall be conclusively evidenced by the signing of the <br />Registrar Agreement or amendments thereto. The Director of Finance shall provide for the payment <br />of the services rendered and for reimbursement of expenses incurred pursuant to the Registrar <br />Agreement, except to the extent paid or reimbursed by the Original Purchaser in accordance with <br />the Purchase Agreement, from the proceeds of the Bonds to the extent available and then from other <br />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 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 />