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surrendered to the Bond Registrar. Upon such surrender, the Bond Registrar shall cancel the <br /> surrendered Bond and shall authenticate and deliver, without charge to the owner or transferee <br /> therefor, (other than taxes, if any, payable on account of such transfer) a new Bond (or Bonds, at <br /> the option of the new registered owner) of the same maturity and interest rate and for the same <br /> aggregate principal amount, in any authorized denomination, naming as registered owner the <br /> person or persons listed as the assignee on the assignment form appearing on the surrendered <br /> Bond, in exchange for such surrendered and cancelled Bond. The Bond Registrar shall not be <br /> obligated to transfer or exchange any Bond during the period beginning on the 15th day of the <br /> month preceding any interest payment date and ending on such interest payment date. <br /> The City and the Bond Registrar, each in its discretion, may deem and treat the registered <br /> owner of each Bond as the absolute owner thereof for all purposes, and neither the City nor the <br /> Bond Registrar shall be affected by any notice to the contrary. <br /> SECTION 8. Mutilated. Lost, or Destroyed Bonds. If any Bond shall become mutilated, <br /> the Bond Registrar shall authenticate and deliver a new Bond of like series, amount, date, interest <br /> rate and tenor in exchange and substitution for the Bond so mutilated, upon the owner's paying <br /> the expenses and charges of the City and the Bond Registrar in connection therewith and upon <br /> surrender to the Bond Registrar of the Bond so mutilated. Every mutilated Bond so surrendered <br /> shall be cancelled and destroyed by the Bond Registrar. <br /> In case the Bonds or any of them shall be lost, stolen or destroyed, the Bond Registrar <br /> may authenticate and deliver a new Bond or Bonds of like amount, date, and tenor to the <br /> registered owner thereof upon the owner's paying the expenses and charges of the City and the <br /> Bond Registrar in connection therewith and upon his/her filing with the Bond Registrar evidence <br /> satisfactory to the Bond Registrar that such Bond or Bonds were actually lost, stolen or destroyed <br /> and of his/her ownership thereof, and upon furnishing the City and Bond Registrar with indemnity <br /> satisfactory to the Finance Director and the Bond Registrar. <br /> -15- oomeM.00c 94/01/19 <br />