03-074 - Laserfiche WebLink

Home Browse Search

~ I, (c) Exchan~e of Certificates. When Ce ificates are surrendered by the registered owner for exchange the Registrar will auth nticate and deliver one or more new Certificates of a like aggregate principal amount d maturity, as requested by the registered owner or the owner's attorney in writing. (d) Cancellation. Certificates surrendered u on any transfer or exchange will be promptly cancelled by the Registrar and thereafter di posed of as directed by the City. (e) Improper or Unauthorized Transfer. Wh n a Certificate is presented to the Registrar for transfer, the Registrar may refuse to ransfer the Certificate until the Registrar is satisfied that the endorsement on the Ce ificate or separate instrument of transfer is valid and genuine and that the requested tr sfer is legally authorized. The Registrar will incur no liability for the refusal, in goo faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the person in whose name a Certificate is registered in the bond r gister as the absolute owner of the Certificate, whether the Certificate is overdue or n t, for the purpose of receiving payment of, or on account of, the principal of and int rest on the Certificate and for all other purposes, and payments so made to a registere owner or upon the owner's order will be valid and effectual to satisfy and discharge the iability upon the Certificate to the extent ofthe sum or sums so paid. (g) Taxes, Fees and Charges. The Regist ar may impose a charge upon the owner thereof for a transfer or exchange of Certi cates sufficient to reimburse the Registrar for any tax, fee or other goverrunental charg required to be paid with respect to the transfer or exchange. (h) Mutilated Lost Stolen or Destro ed C rtificates. If a Certificate becomes mutilated or is destroyed, stolen or lost, the Registrar ill deliver a new Certificate of like amount, number, maturity date and tenor in exch ge and substitution for and upon cancellation of the mutilated Certificate or in lie of and in substitution for any Certificate destroyed, stolen or lost, upon the paym nt of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Certificate destroyed, stolen or lost, upon filing with the Registr of evidence satisfactory to it that the Certificate was destroyed, stolen or lost, and 0 the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in w ich both the City and the Registrar must be named as obligees. Certificates so surrender dto the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed, stolen or lost Certificate has lready matured Of been called for redemption in accordance with its terms it is not nece sary to issue a new Certificate prior to payment. 2.04. Appointment of Initial Registrar. The ity appoints Wells Fargo Bank Minnesota, N.A., Minneapolis, Minnesota, as the initial R gistrar. The Mayor and the City SJB~238958Yl NEt 36-188