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notice, in the manner in which the notice of redemption was given, to the effect that the Bonds
<br />have not been redeemed.
<br />Section 6. CHARACTERISTICS OF THE BONDS. (a) Registration, Transfer,
<br />Conversion and Exchange; Authentication. The City shall keep or cause to be kept at Regions
<br />Bank, Houston, Texas (the "Paying Agent/Registrar") books or records for the registration of the
<br />transfer, conversion and exchange of the Bonds (the "Register"), and the City hereby appoints
<br />the Paying Agent/Registrar as its registrar and transfer agent to keep such Bonds or records and
<br />make such registrations of transfers, conversions and exchanges under such reasonable
<br />regulations as the City and Paying Agent/Registrar may prescribe; and the Paying
<br />Agent/Registrar shall make such registrations, transfers, conversions and exchanges as herein
<br />provided within three days of presentation in due and proper form. The Paying Agent/Registrar
<br />shall obtain and record in the Register the address of the Registered Owner of each Bond to
<br />which payments with respect to the Bond shall be mailed, as herein provided; but it shall be the
<br />duty of each Registered Owner to notify the Paying Agent/Registrar in writing of the address to
<br />which payments shall be mailed, and such interest payments shall not be mailed unless such
<br />notice has been given. The City shall have the right to inspect the Register during regular
<br />business hours of the Paying Agent/Registrar, but otherwise the Paying Agent/Registrar shall
<br />keep the Register confidential and, unless otherwise required by law, shall not permit their
<br />inspection by any other entity. The Paying Agent/Registrar shall make a copy of the Register
<br />available in the State of Texas. The City shall pay the Paying Agent/Registrar's standard or
<br />customary fees and charges for making such registration, transfer, conversion, exchange and
<br />delivery of a substitute Bond. Registration of assignments, transfers, conversions and exchanges
<br />of Bonds shall be made in the manner provided and with the effect stated in the FORM OF
<br />BOND set forth in this Ordinance. Each substitute Bond shall bear a letter and/or number to
<br />distinguish it from each other Bond.
<br />Except as provided in subsection (c) hereof, an authorized representative of the Paying
<br />Agent/Registrar shall, before the delivery of any such Bond, date and manually sign the Bond,
<br />and no such Bond shall be deemed to be issued or outstanding unless such Bond is so executed.
<br />The Paying Agent/Registrar promptly shall cancel all paid Bonds and Bonds surrendered for
<br />conversion and exchange. No additional ordinances, orders, or resolutions need be passed or
<br />adopted by the City Council or any other body or person so as to accomplish the foregoing
<br />conversion and exchange of any Bond or portion thereof, and the Paying Agent/Registrar shall
<br />provide for the printing, execution, and delivery of the substitute Bond in the manner prescribed
<br />herein, and the Bonds shall be typewritten, photocopied, printed, lithographed, engraved or
<br />produced in any other similar manner, all as determined by the officers executing such bond as
<br />evidenced by their execution thereof. Pursuant to Chapter 1201, Texas Government Code, as
<br />amended, and particularly Subchapter D thereof, the duty of conversion and exchange of Bonds
<br />as aforesaid is hereby imposed upon the Paying Agent/Registrar, and, upon the execution of the
<br />Bonds, the converted and exchanged Bond shall be valid, incontestable, and enforceable in the
<br />same manner and with the same effect as the Bond which initially was issued and delivered
<br />pursuant to this Ordinance, approved by the Attorney General, and registered by the Comptroller
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