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All bonds which have been redeemed shall be cancelled and <br /> cremated or otherwise destroyed and shall not be reissued and a <br /> counterpart of the certificate of cremation or other destruction <br /> evidencing such cremation or other destruction shall be furnished <br /> by the Registrar to the City; provided, however, that one or more <br /> new registered bonds shall be issued for the unredeemed portion of <br /> any bond without charge to the holder thereof. <br /> Subject to the provisions of the Ordinance regarding the <br /> registration of such bonds, this bond and all other bonds of the <br /> issue of which this bond is a part are fully negotiable instruments <br /> under the laws of the State of Indiana. This bond is transferable <br /> or exchangeable'bnly on the books of the City maintained for such <br /> purpose at the principal office of the Registrar, by the Registered <br /> Owner hereof in person, or by his attorney duly authorized in <br /> writing, upon surrender of this bond together with a written <br /> instrument of transfer or exchange satisfactory to the Registrar <br /> duly executed by the Registered Owner or his attorney duly <br /> authorized in writing, and thereupon a new fully registered bond <br /> or bonds in the same aggregate principal amount and of the same <br /> maturity shall be executed and delivered in the name of the <br /> transferee or transferees or the Registered Owner, as the case may <br /> be, in exchange therefor. This bond may be transferred or <br /> exchanged without cost to the Registered Owner or his attorney duly <br /> authorized in writing, except for any tax or other governmental <br /> charge which may be required to be paid with respect to such <br /> transfer or exchange. The Registrar shall not be obligated to make <br /> any exchange or transfer of this bond (i) during the fifteen (15) <br /> days immediately preceding an interest payment date on this bond <br /> or (ii) after the mailing of any notice calling this bond for <br /> redemption. The City, the Registrar and any Paying Agent for this <br /> bond may treat and consider the person in whose name this bond is <br /> registered as the absolute owner hereof for all purposes including <br /> for the purpose of receiving payment of, or on account of, the <br /> principal hereof' and the redemption premium, if any, and interest <br /> due hereon. <br /> In the event this bond is mutilated, lost, stolen or <br /> destroyed, the City may cause to be executed and the Registrar may <br /> authenticate a new bond of like date, maturity and denomination as <br /> this bond, which new bond shall be marked in a manner to <br /> distinguish it from this bond; provided, that in the case of this <br /> bond being mutilated, this bond shall first be surrendered to the <br /> Registrar, and in the case of this bond being lost, stolen or <br /> destroyed, there shall first be furnished to the Registrar evidence <br /> of such loss, theft or destruction satisfactory to the City and to <br /> the Registrar, together with indemnity satisfactory to them. In <br /> the event that this bond, being mutilated, lost, stolen or <br /> destroyed, shall have matured or been called for redemption, <br /> instead of causing to be issued a duplicate bond the Registrar may <br /> pay this bond upon surrender of this mutilated bond or upon <br /> satisfactory indemnity and proof of loss, theft or destruction in <br /> -7- <br />