RES 67055 - Laserfiche WebLink

18 thereto shall nevertheless remain negotiable for all purposes. SI~CTION 2.08. Exchange and Trans[er o! Bonds. When any Bond is reg- istered as to both principal and interest, the Fiscal Agent shall detach and hold in safekeeping all appurtenant interest coupons. Any Bond, whether in coupon form or registered as to principal only, may be converted into a Bond fully registered as to both principal and interest upon presentation of such Bond at the office of the FiscmV Agent and in accordance with such reasonable regulations as (with the approval of the City) the Fiscal Agent may prescribe from time to time, such registration being noted on the Bond. After such registration as to both principal and interest such fully registered Bond may be transferred at the office of the Fiscal Agent by presentation of such Bond accompanied by a written instrument of transfer in form satisfactory to the Fiscal Agent, duly executed by the registered owner in person or by his duly authorized agent, the fact and date of such registration and the name and address of the new registered owner being noted by the Fiscal Agent on the Bond in the space provided on the reverse thereof for such purpose, and such fully registered Bond may be again from time to time registered in like manner in the name of a new registered owner. The registered holder of any Bond, registered as to both principal and interest, may at any time (provided such Bond shall not have been called for redemption) surrender the same at the office of the Fiscal Agent, together with instruments of transfer satisfactory to the Fiscal Agent, and shall be entitled upon payment of all costs and expenses, as in this Resolution provided, to receive in exchange therefor said Bond registered as tg. bearer with all unpaid coupons attached thereto, except that if the Fiscal Agent is for any reason unable to re-attach such coupons and convert said Bond into a coupon Bond, the City will execute and deliver at the office of the Fiscal Agent the coupon Bonds necessary to make such exchange; provided that the Fiscal Agent may require of the bondholder making such exchange such cash adjustment as may be necessary with respect to the first coupon next to mature on each such coupon Bond so that no gain or loss of interest shall result from such exchange. In every case of an exchange of Bonds, .the surrendered Bonds, and coupons, if any (and in the case of the conversion of any coupon Bond into a Bond regis- tered as to both principal and interest, the surrendered c.~:~ons appertaining to such coupon Bond), shall be held in safekeeping by the Fiscal Agent. As a condition of any such exchange (but not for any exchange of temporary Bonds for other tem- porary Bonds or for definitive Bonds), or of any transfer of any registered Bond, the City, at its option, may require the payment of a sum sufficient to reimburse it for all costs and expenses of such exchange and for any stamp tax or other govern- mental charge that may be imposed thereon and, in addition thereto in the case of an exchange of Bonds (except in the case of exchanges involving temporary Bonds) or the exchange of any Bond registered as to both principal and interest for new coupon Bonds, such charge therefor as it may deem proper. All Bonds executed and delivered in exchange for Bonds so surrendered shall be valid obligations of the