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I 9i S? 3i i e ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered ciao the Registrar will be cancelled by the Registrar and evidence of such cancellation must l e given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured r been called for redemption in accordance with its terms it is not necessary to issue a iew Bond prior to payment. s (i) Redemption. In the event any of the Bonds are called for redemption, Iotice thereof identifying the Bonds to be redeemed will be given by the Registrar by nailing a copy of the redemption notice by first class mail (postage prepaid) to the tegistered owner of each Bond to be redeemed at the address shown on the registration 6oks kept by the Registrar and by publishing the notice if required by law. Failure to ive notice by publication or by mail to any registered owner, or any defect therein, will of affect the validity of the proceedings for the redemption of Bonds. Bonds so called or redemption will cease to bear interest after the specified redemption date, provided hat the funds for the redemption are on deposit with the place of payment at that time. .04. Appointment of Initial Registrar. The City appoints Wells Fargo Bank, National Assoc tion, Minneapolis, Minnesota, as the initial Registrar. The Mayor and the City Manager are au orized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merge or consolidation of the Registrar with another corporation, if the resulting corporation is a bank trust company authorized by law to conduct such business, the resulting corporation is autho i ed to act as successor Registrar. The City agrees to pay the reasonable and customary charg of the Registrar for the services performed. The City reserves the right to remove the Registrir upon 30 days' notice and upon the appointment of a successor Registrar, in which event the pr ecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrir and must deliver the bond register to the successor Registrar. On or before each princi or interest due date, without further order of this Council, the City Finance Director must smit to the Registrar monies sufficient for the payment of all principal and interest then due. ' 2Execution Authentication and Deliver. The Bands will be prepared under the direct n of the City Manager and executed on behalf of the City by the signatures of the Mayor and City Manager, provided that those signatures may be printed, engraved or lithographed facsini: les of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of a Bond, that signature or facsi le will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or oblig my for any purpose or entitled to any security or benefit under this Resolution unless and until certificate of authentication on the Bond has been duly executed by the manual signature of an thorized representative of the Registrar. Certificates of authentication on different Bonds need t be signed by the same representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this Resolution. Whe ?the Bonds have been so prepared, executed and authenticated, the City Manager will delivq'I' the same to the Purchaser upon payment of the purchase price in accordance with the s, 3100821 1 sJB NE136-215 5 i 1'