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Section 3. APPOINTMENT OF PAYING AGENT. REGISTRAR AND <br />TRANSFER AGENT. The City Council hereby appoints Bank of <br />America National Trust and Savings Association as paying <br />registrar and transfer agent for the bonds in accordance with <br />agreement between the City and Bank heretofore approved by the <br />City Council. <br /> <br /> Section 4. FORM AND EXECUTION. Bonds shall be issued <br />as fully registered bonds substantially in the form set forth <br />Exhibit B to this resolution. The bonds shall be signed by the <br />Mayor, Treasurer and the Clerk and the seal of the City shall <br />affixed. All signatures and seal may be reproduced on the bonds <br />by facsimile, but upon its registration or reregistration each <br />bond shall be authenticated by the manual signature of the <br />registrar. <br /> <br /> The payin~ a~ent shall assign to each bond <br />authenticated and registered by it ~ distinctive letter, or <br />number, or letter a~d number, and shall maintain a record <br />thereof which shall be available to the City for inspection. <br /> <br /> Section ~. ESTABLISHMENT OF SPECIAL F~NDS. For <br />administering the proceeds of the sale of bonds and payment of <br />interest and principal on the bonds, there are hereby <br />established three funds to be known as the refunding fund, the <br />redemption fund and the special reserve fund, respectively, for <br />Meyer Center Refunding District No. 1988-~. <br /> <br /> Section ~.1. REFUNDING FUND. Except as provided in <br />Section ~.3, proceeds of sale of the bonds, together with the <br /> <br /> <br />