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In case either or both of the officers who shall have executed the Bonds shall cease to be <br /> an officer or officers of the City before the Bonds so signed shall have been authenticated or <br /> delivered by the Bond Registrar, or issued by the City, such Bonds may nevertheless be <br /> authenticated, delivered and issued, and upon such authentication, delivery and issuance, shall be <br /> as binding upon the City as though those who signed the same had continued to be such officers <br /> of the City. Any Bond also may be signed and attested on behalf of the City by such persons as at <br /> the actual date of execution of such Bond shall be the proper officers of the City although at the <br /> original date of such Bond any such person shall not have been such officer of the City. <br /> Only such Bonds as shall bear thereon a Certificate of Authentication in the form <br /> hereinbefore recited, manually executed by the Bond Registrar, shall be valid or obligatory for any <br /> purpose or entitled to the benefits of this ordinance. Such Certificate of Authentication shall be <br /> conclusive evidence that the Bonds so authenticated have been duly executed, authenticated and <br /> delivered hereunder and are entitled to the benefits of this ordinance. <br /> SECTION 7. Bond Registrar. The City hereby specifies and adopts the system of <br /> registration for the Bonds approved by the Washington State Finance Committee. The Bond <br /> Registrar shall keep, or cause to be kept, at its principal corporate trust office, sufficient books for <br /> the registration and transfer of the Bonds which shall at all times be open to inspection by the <br /> City. Such Bond Register shall contain the name and mailing address of the owner of each Bond <br /> or nominee of such owner and the principal amount and number of Bonds held by each owner or <br /> nominee. <br /> The Bond Registrar is authorized, on behalf of the City, to authenticate and deliver the <br /> Bonds transferred or exchanged in accordance with the provisions of such Bonds and this <br /> ordinance and to carry out all of the Bond Registrar's powers and duties under this ordinance. <br /> The Bond Registrar shall be responsible for its representations contained in the Certificate <br /> of Authentication on the Bonds. The Bond Registrar may become the owner of Bonds with the <br /> same rights it would have if it were not the Bond Registrar, and to the extent permitted by law <br /> -13- ooToet.00c 94/01ne <br />