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<br />(d) Each Bond may be exchanged for fully registered bonds in the manner set forth herein.
<br />Each bond issued and delivered pursuant to this Ordinance, to the extent of the unpaid or
<br />unredeemed principal balance or principal amount thereof, may, upon surrender of such bond at
<br />the principal corporate trust office of the Paying AgentlRegistrar, together with a written request
<br />therefor duly executed by the registered owner or the assignee or assignees thereof, or its or their
<br />duly authorized attorneys or representatives, with guarantee of signatures satisfactory to the Pay-
<br />ing AgentlRegistrar, at the option of the registered owner or such assignee or assignees, as
<br />appropriate, be exchanged for fully registered bonds, without interest coupons, in the form
<br />prescribed in the FORM OF BONDS set forth in this Ordinance, in the denomination of $5,000,
<br />or any integral multiple of $5,000 (subject to the requirement hereinafter stated that each
<br />substitute Bond shall have a single stated maturity date), as requested in writing by such registered
<br />owner or such assignee or assignees, in an aggregate principal amount equal to the unpaid or
<br />unredeemed principal amount of any bond or bonds so surrendered, and payable to the appro-
<br />priate registered owner, assignee, or assignees, as the case may be. If a portion of any Bond shall
<br />be redeemed prior to its scheduled maturity as provided herein, a substitute bond or bonds having
<br />the same maturity date, bearing interest at the same rate, in the denomination or denominations
<br />of any integral multiple of $5,000 at the request of the registered owner, and in an aggregate
<br />principal amount equal to the unredeemed portion thereof, will be issued to the registered owner
<br />upon surrender thereof for cancellation. If any Bond or portion thereof is assigned and trans-
<br />ferred, each bond issued in exchange therefor shall have the same principal maturity date and bear
<br />interest at the same rate as the bond for which it is being exchanged. Each substitute bond shall
<br />bear a letter and/or number to distinguish it from each other bond. The Paying AgentlRegistrar
<br />shall exchange or replace Bonds as provided herein, and each fully registered bond delivered in
<br />exchange for or replacement of any bond or portion thereof as permitted or required by any
<br />provision of this Ordinance shall constitute one of the Bonds for all purposes of this Ordinance,
<br />and may again be exchanged or replaced. It is specifically provided, however, that any bond
<br />delivered in exchange for or replacement of another bond prior to the first scheduled interest pay-
<br />ment date on the Bonds (as stated on the face thereof) shall be dated the same date as such bond,
<br />but each substitute bond so delivered on or after such first scheduled interest payment date shall
<br />be dated as of the interest payment date preceding the date on which such substitute bond is
<br />delivered, unless such bond is delivered on an interest payment date, in which case it shall be
<br />dated as of such date of delivery; provided, however, that if at the time of delivery of any
<br />substitute bond the interest on the bond for which it is being exchanged has not been paid, then
<br />such bond shall be dated as of the date to which such interest has been paid in full. On each
<br />substitute bond issued in exchange for or replacement of any bond or bonds issued under this
<br />Ordinance there shall be printed thereon a Paying AgentlRegistrar's Authentication Certificate, in
<br />the form hereinafter set forth. An authorized representative of the Paying Agent/Registrar shall,
<br />before the delivery of any such bond, date such by dating the Authentication Certificate in the
<br />manner set forth above, and manually sign such Certificate, and no such bond shall be deemed to
<br />be issued or outstanding unless such Certificate is so executed. The Paying AgentlRegistrar
<br />promptly shall cancel all Bonds surrendered for exchange or replacement. No additional
<br />ordinances, orders, or resolutions need be passed or adopted by the City Council or any other body
<br />or person so as to accomplish the foregoing exchange or replacement of any Bond or portion
<br />thereof, and the Paying AgentlRegistrar shall provide for the printing, execution, and delivery of
<br />the substitute bonds in the manner prescribed herein, and said bonds shall be of type composition
<br />printed on paper with lithographed or steel engraved borders of customary weight and strength
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