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• <br /> officer of the City authorized to sign bonds, although he or she <br /> did not hold the required office on the date of issuance of the <br /> Bonds . <br /> Section 8 . The Bond Registrar shall keep, or cause to be <br /> kept, at its principal corporate trust office, sufficient books <br /> for the registration and transfer of the Bonds , which shall at <br /> all times be open to inspection by the City. The Bond Registrar <br /> is authorized, on behalf of the City, to authenticate and de- <br /> liver Bonds transferred or exchanged in accordance with the <br /> provisions of the Bonds and this ordinance, to serve as the <br /> City' s paying agent for the Bonds and to carry out all of the <br /> Bond Registrar ' s powers and duties under this ordinance and <br /> Ordinance No . 980-83 establishing a system of registration for <br /> the City' s bonds and obligations . <br /> The Bond Registrar shall be responsible for its represen- <br /> tations contained in the Bond Registrar ' s Certificate of <br /> Authentication on the Bonds . The Bond Registrar may become the <br /> owner of Bonds with the same rights it would have if it were not <br /> the Bond Registrar and, to the extent permitted by law, may act <br /> as depository for and permit any of its officers or directors to <br /> act as members of , or in any other capacity with respect to, any <br /> committee formed to protect the rights of Bond owners . <br /> Section 9 . The Bonds shall be negotiable instruments to <br /> the extent provided by RCW 62A. 8-102 and 62A. 8-105 . <br /> Section 10 . The City covenants that it will take all <br /> actions necessary to prevent the Bonds from being obligations <br /> - 8 - <br />