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<br />(i) Redemption. In the event any of the Bonds are called for redemp- <br />tion, notice thereof identifying the Bonds to be redeemed will be given by the <br />Registrar by mailing a copy of the redemption notice by first class mail <br />(postage prepaid) not more than 60 and not less than 30 days prior to the date <br />fixed for redemption to the registered owner of each Bond to be redeemed at <br />the address shown on the registration books kept by the Registrar and by <br />publishing the notice in the manner required by law. Failure to give notice <br />by publication or by mail to any registered owner, or any defect therein, will <br />not affect the validity of any proceeding for the redemption of Bonds. Bonds <br />so called for redemption will cease to bear interest after the specified <br />redemption date, provided that the funds for the redemption are on deposit <br />with the place of payment at that time. <br /> <br />2.04. Appointment of Initial Registrar. The City appoints <br />First Trust National Association , st. Paul , Minnesota, as the initial <br />Registrar. The Mayor and the City Manager are authorized to execute and deliver, <br />on behalf of the City, a contract with the Registrar. Upon merger or consolidation <br />of the Registrar with another corporation, if the resulting corporation is a bank or <br />trust company authorized by law to conduct such business, such cOl"poration is <br />authorized to act as successor Registrar. The City agrees to pay the reasonable and <br />customary charges of the Registrar for the services performed. The City reserves <br />the right to remove the Registrar upon 30 days' notice and upon the appointment of <br />a successor Registrar, in which event the predecessor Registrar must deliver all <br />cash and Bonds in its possession to the successor Registrar and must deliver the <br />bond register to the successor Registrar. On or before each principal or interest <br />'due date, without further order of this Council, the City Finance Director must <br />transmit to the Registrar moneys sufficient for the payment of all principal and <br />interest then due. <br /> <br />2.05. Execution, Authentication and Delivery. The Bonds will be prepared <br />under the direction of the City Clerk-Treasurer and executed on behalf of the City <br />by the signatures of the Mayor and the City Manager, provided that all signatures <br />may be printed, engraved or lithographed facsimiles of the originals. In case any <br />officer whose signature or a facsimile of whose signature appears on the Bonds <br />ceases to be such officer before the delivery of any Bond, such signature or <br />facsimile will nevertheless be valid and sufficient for all purposes, the same as if the <br />officer had remained in office until delivery. Notwithstanding such execution, a <br />Bond will not be valid or obligatory for any purpose or entitled to any security or <br />benefit under this Resolution unless and until a certificate of authentication on the <br />Bond has been duly executed by the manual signature of an authorized <br />representative of the Registrar. Certificates of authentication on different Bonds <br />need not be signed by the same representative. The executed certificate of <br />authentication on each Bond is conclusive evidence that it has been authenticated <br />and delivered under this Resolution. When the Bonds have been so prepared, <br />executed and authenticated, the City Finance Director shall deliver the same to the <br />Purchaser upon payment of the purchase price in accordance with the contract of <br />sale heretofore made and executed, and the Purchaser is not obligated to see to the <br />application of the purchase price. <br /> <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed <br />definitive Bonds one or more typewritten temporary Bonds in substantially the form <br /> <br />S.Jll41084 <br />NE136-97 <br />