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initially issued as one Refunding Bond for the entire issue, as <br /> authorized in Section 3 of this resolution, as the registered <br /> owner of such Refunding Bonds. <br /> <br /> (b) In the case of any transfer of ownership of the <br />Refunding Bonds to any other person, and upon receipt of such <br />outstanding Refunding Bonds by the Finance Director together with <br />a written request of the Authority to the Finance Director, new <br />Refunding Bonds shall be executed and delivered in such <br />denominations and numbered in such manner as determined by the <br />Finance Director and registered in the names of such persons as <br />are requested in such written request of the Authority, subject <br />to the limitations of Section 3 of this resolution; and <br />thereafter, such Refunding Bonds shall be transferred pursuant to <br />Section 3 of this resolution; provided, that the Finance Director <br />shall not be required to deliver such new Refunding Bonds on a <br />date prior to sixty (60) days after receipt of such written <br />request of the Authority. <br /> <br /> (c) The City and the Finance Director shall be <br />entitled to treat the person in whose name any such Refunding <br />Bond is registered as the owner thereof for all purposes hereof <br />and any applicable laws, notwithstanding any notice to the <br />contrary received by the Finance Director or the City; and the <br />City and the Finance Director shall have no responsibility for <br />transmitting payments to, communication with, notifying, or <br />otherwise dealing with any persons other than the registered <br />owners of such Refunding Bonds; and neither the City nor the <br />Finance Director shall have any responsibility or obligation, <br /> <br />SF2-18850.1 8 <br /> <br /> <br />