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Section 6. The Finance Director and the City Clerk are <br /> <br />hereby authorized and directed, respectively, as such officers to <br />execute each of the Refunding Bonds on behalf of the City, and <br />the City Clerk is hereby authorized and directed to affix the <br />official seal of the City thereto; and such signing and sealing <br />as herein provided shall be a sufficient and binding execution of <br />the Refunding Bonds by the City. In case either of such officers <br />whose signature appears on the Refunding Bonds shall cease to be <br />such officer before the delivery of the Refunding Bonds to the <br />purchaser, such signature shall nevertheless be valid and <br />sufficient for all purposes the same as though such officer had <br />remained in office until the delivery of the Refunding Bonds. <br />Only such of the Refunding Bonds as shall bear thereon a <br />certificate of registration and authentication in the form <br />hereinabove set forth, executed and dated by the Finance <br />Director, shall be entitled to any benefits hereunder or be valid <br />or obligatory for any purpose, and such certificate shall be <br />conclusive evidence that the Refunding Bonds so authenticated <br />have been duly authorized, executed, issued and delivered <br />hereunder and are entitled to the benefits hereof. <br /> <br /> Section 7. The Finance Director shall pay interest on <br /> <br />the Refunding Bonds due on or before the maturity or prior <br />redemption thereof to the registered owners thereof as their <br />names appear at the close of business as of the fifteenth (15th) <br />day of the month next preceding each interest payment date on the <br />registration books required to be kept by the Finance Director <br />pursuant to this section as the registered owners thereof, such <br /> <br />sF248846.t 14 <br /> <br /> <br />