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2.03. ~e~strationo The City shall appoint, and shall maintain, a <br />bond re~;i~t~'ar, transfer agent, authenticating agent and~ paying agent <br />(Regi~tr:~r)~ The effect of registration and the rights and duties of the <br />City and th~ Registrar with respect thereto shall be as follows: <br /> <br /> (~/) R_e~ister. The Registrar shall keep at its principal corpo- <br /> trust office a bond register in which the Registrar shall provide <br /> ,~t~~ registration of ownership of Bonds and the registration of <br />~ran~e~;s and exchanges of Bonds entitled to be registered, trans- <br /> e(. or exchanged. <br /> <br /> (b) Transfer of Bonds. Upon surrender for transfer of any Bond <br />duiw endorsed by the registered owner thereof or accompanied by a <br />written instrument of transfer, in form satisfactory to the Registrar, <br />dulw executed by the registered owner thereof or by an attorney duly <br />authc~rJzed by the registered owner in writing, the Registrar shall <br />auti~enticate and deliver, in the name of the designated transferee or <br />tra,sferees, one or more new Bonds of a like aggregate principal <br />amount and maturity, as requested by the transferor. The Registrar <br />p'~ay, however, close the books for registration of any transfer after <br />the fifteenth day of the month preceding each interest payment date <br />and unt:£1 such interest payment date. <br /> <br /> (lc) Exchange of Bonds. Whenever any Bonds are surrendered by <br />the ~egistered owner for exchange the Registrar shall authenticate and <br />deliver one or more new Bonds of a like aggregate principal amount and <br />mat~JA:y, as requested by the registered owner or the owner's attorney <br />:in <br /> <br /> (id) Cancellation. Ail Bonds surrendered upon any transfer or <br />exchang~ shall be promptly cancelled by the Registrar and thereafter <br />disposed of as directed by the City. <br /> <br /> (a) ~mproper or Unauthorized Transfer. When any Bond is pre- <br />~mnted to the Registrar for transfer, the Registrar may refuse to <br />~ran~!er the same until it is satisfied that the endorsement on such <br />Bond o'~: separate instrument of transfer is valid and genuine and that <br />~:he ce,!uested transfer is legally authorized. The Registrar shall <br />incu. r ~.o liability for the refusal, in good faith, to make transfers <br />whicL Jr, in its judgment, deems improper or unauthorized. <br /> <br /> (f) Persons Deemed Owners. The City and the Registrar may treat <br />'~he ~m~'son in whose name any Bond is at any time registered in the <br />bond ?~,gister as the absolute owner of such Bond, whether such Bond <br />.~d~aLi. },~ overdue or not, for the purpose of receiving payment of, or <br />on account of, the principal of and interest on such Bond and for all <br />other' Imrposes, and all such payments so made to any such registered <br />owne~' ,~r upon the owner's order shall be valid and effectual to <br />:~atJ~fy and discharge the liability upon such Bond to the extent of <br />'~he ~,,t., or sums so paid. <br /> <br /> (g) Taxes, Fees and Char~es. For every transfer or exchange of <br />i~on(I:~ the Registrar may impose a charge upon the owner thereof suffi- <br />cient: to reimburse the Registrar for any tax, fee or other <br /> <br /> <br />