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conditions provided in the Resolution of Issuance, includin~ the <br />payment of certain char~es, if any, upon surrender and <br />cancellation of this Bond. Upon such transfer, a new registered <br />Bond or Bonds, of any authorized denomination or denominations, of <br />the same maturity, for the same a~re~ate principal amount, will <br />~e issued to the transferee in exchange therefor. <br /> <br /> Bonds shall ~e registered only in the name of an <br /> <br />individual (includin~ joint owners), a corporation, a partnership <br /> <br />or a trust. <br /> <br /> Neither the City nor the Bank shall ~e required to make <br /> <br />such exchange or registration of transfer of ~onds durin~ the <br /> <br />fifteen (1B) days immediately precedin~ any interest payment date. <br /> <br /> The City and the Bank may treat the owner hereof as the <br />~solute owner for ~ll purposes, and the City ~nd the B~nk sh~ll <br />not be ~ffected ~y ~ny notice to the contrary. <br /> <br /> This ~ond or ~ny portion of it in the ~mount of $8,000 <br /> <br />or ~ny integral multiple thereof, may ~e redeemed ~nd p~id in <br />~dvance of m~turity upon the second d~y of M~rch or September in <br />~ny year ~y ~ivin~ at least 80 days~ notice ~y registered m~il to <br />the registered owner hereof ~t such owner's ~ddress ~s it ~ppears <br />on the registration ~ooks of the B~nk ~nd by p~yin~ principal and <br />accrued interest together with a premium e~u~l to three percentum <br />of the principal. <br /> <br /> This bond is not subject to refundin~ pursuant to the <br />procedures of Division ll (commencin~ with Section 9000) or <br />Division ll.~ (oommenoin~ with Section 9~00) of the Streets ~nd <br />Highways Code prior to September 2, 1993. <br /> <br /> <br />