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<br /> redeemed, as applicable, shall cease to accrue from and after the <br /> redemption date, and (v) that payment of the redemption price for <br /> the Bonds, or the principal amount thereof to be redeemed, shall <br /> be made at the princ1pal corporate office of the Paying <br /> Agent/Registrar only upon surrender thereof by the Holder. <br /> (e) Effect of Redemption. If a Bond is subject by its <br /> terms to prior redemption and has been called for redemption, and <br /> notice of redemption thereof has been duly given as hereinabove <br /> provided, such Bond, or the principal amount thereof to be <br /> redeemed, so called for redemption shall become due and payable, <br /> and, if moneys sufficient for the payment of the redemption price <br /> of such Bond, or the principal amount thereof to be redeemed, are <br /> held by the Paying Agent/Registrar for the purpose of making such <br /> payment, then interest on such Bond, or the principal amount <br /> thereof to be redeemed, called for redemption shall cease to <br /> accrue on the redemption date stated in such notice of redemption, <br /> and such Bond, or the principal amount thereof to be redeemed, <br /> shall not be deemed to be outstanding hereunder. <br /> (f) Partial Redemption. If a portion of any <br /> Bond shall be redeemed, then, upon surrender of such Bond as <br /> hereinabove provided, a new Bond or Bonds having the same Stated <br /> Maturity, bearing interest at the same rate, in the principal <br /> amount of such Bond not redeemed, and in any denomination or <br /> denominations in any integral multiple of $5,000, will be issued <br /> to the registered owner upon surrender of such Bond for <br /> cancellation, without service charge to the registered owner <br /> thereof. <br /> Section 7. REGISTRATION; TRANSFER AND EXCHANGE. (a) <br /> Re~istration. The Paying Agent/Registrar shall obtain, record and <br /> ma1ntain in the registration Books the name and address of each <br /> registered owner of the Bonds issued pursuant to the terms of this <br /> Ordinance. <br /> (b) Transfer and Exchange. Upon surrender for transfer <br /> of any Bond at the principal corporate office of the Paying <br /> Agent/Registrar, the Paying Agent/Registrar shall register and <br /> deliver, in the name of the designated transferee or transferees, <br /> one or more new Bonds, executed on behalf of and provided by the <br /> City, of the same Stated Maturity, bearing the same rate of <br /> interest, having authorized denominations, and of like aggregate <br /> principal amount as the Bond or Bonds surrendered for transfer. <br /> At the option of the Holder, Bonds may be exchanged for other <br /> Bonds of the same Stated Maturity, bearing the same rate of <br /> interest, of any authorized denominations, and of like aggregate <br /> principal amount, upon surrender of the Bonds to be exchanged at <br /> the principal corporate office of the Paying Agent/Registrar. <br /> Whenever any Bonds are so surrendered for exchange, the Paying <br /> Agent/Registrar shall register and deliver to the Holder <br /> requesting the exchange new Bonds executed on behalf of and <br /> provided by the City. <br /> -5- <br />