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Bonds that the Bonds be provided in certificated form, the ownership of such Bonds may then be <br /> transferred to any person or entity as herein provided, and shall no longer be held in fully <br /> immobilized form. The City shall deliver a written request to the Bond Registrar,together with a <br /> supply of definitive Bonds in certificated form, to issue Bonds in any authorized denomination. <br /> Upon receipt by the Bond Registrar of all then outstanding Bonds, together with a written request <br /> on behalf of the City to the Bond Registrar, new Bonds shall be issued in the appropriate <br /> denominations and registered in the names of such persons as are provided in such written <br /> request. <br /> (e) Transfer or Exchange of Registered Ownership; Change in <br /> Denominations. The registered ownership of any Bond may be transferred or exchanged, but no <br /> transfer of any Bond shall be valid unless it is surrendered to the Bond Registrar with the <br /> assignment form appearing on such Bond duly executed by the Registered Owner or such <br /> Registered Owner's duly authorized agent in a manner satisfactory to the Bond Registrar. Upon <br /> such surrender, the Bond Registrar shall cancel the surrendered Bond and shall authenticate and <br /> deliver, without charge to the Registered Owner or transferee, a new Bond (or Bonds at the <br /> option of the new Registered Owner) of the same date, maturity and interest rate and for the <br /> same aggregate principal amount in any authorized denomination, naming as Registered Owner <br /> the person or persons listed as the assignee on the assignment form appearing on the surrendered <br /> Bond, in exchange for such surrendered and canceled Bond. Any Bond may be surrendered to <br /> the Bond Registrar and exchanged, without charge, for an equal aggregate principal amount of <br /> Bonds of the same date, maturity and interest rate, in any authorized denomination. The Bond <br /> Registrar shall not be obligated to transfer or exchange any Bond during a period beginning at <br /> the opening of business on the 15th day of the month next preceding any interest payment date <br /> -8- scot e.00c <br />