Construction of Additions and Improvements to the Sewage Works Bonds

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any time as Registrar and Paying Agent by the City, in which event the City may appoint a successor Registrar and Paying Agent. The City shall notify each registered owner of the Series 1989 Bonds then outstanding by first-class mail of the removal of the Registrar and Paying Agent. Notices to registered owners of the Series 1989 Bonds shall be deemed to be given when mailed by first-class mail to the addresses of such registered owners as they appear on the Series 1989 Bond Register. Any predecessor Registrar and Paying Agent shall deliver all the Series 1989 Bonds and cash in its possession and the Series 1989 Bond Register to the successor Registrar and Paying Agent. The Series 1989 Bonds shall be executed in the name of the City by the manual or facsimile signature of the Mayor of the City and countersigned by the manual or facsimile signature of the Controller, and the official seal of the City shall be impressed or a facsimile thereof shall be printed on each of the Series 1989 Bonds and attested by the manual or facsimile signature of the City Clerk. In case any officer whose signature appears on the Series 1989 Bonds shall cease to be such officer before the delivery of such Series 1989 Bonds, such signature shall nevertheless be valid and sufficient for all purposes the same as if such officer had remained in office until delivery thereof. Subject to the provisions for registration, the Series 1989 Bonds shall be negotiable under the laws of the State of Indiana. The Series 1989 Bonds shall be authenticated with the manual signature of an authorized representative of the Registrar and Paying Agent and no Series 1989 Bond shall be valid or obligatory for any purpose until the certificate of authentication on such Series 1989 Bond shall have been so executed. Section 4. The Series 1989 Bonds shall bear an original date which shall be the first day of the month in which the Series 1989 Bonds are to be delivered and each Series 1989 Bond shall also bear the date of its authentication. Series 1989 Bonds authenticated on or before July 15, 1989, shall be paid interest from the original date. Series 1989 Bonds authenticated after July 15, 1989, shall be paid interest from the interest payment date next preceding the date of authentication of such Series 1989 Bonds unless the Series 1989 Bonds are authenticated between the fifteenth day of the month preceding an interest payment date and the interest payment date, in which case interest thereon shall be paid from the next succeeding interest payment date. Each Series 1989 Bond shall be transferable or exchangeable only upon the Series 1989 Bond Registrar by the registered owner thereof in person, or by his attorney duly authorized in writing, upon surrender of such Series 1989 Bond together with a written instrument of transfer or exchange satisfactory to the Registrar and Paying Agent duly executed by the registered owner or his attorney duly authorized in writing, and thereupon a new fully registered Series 1989 Bond or Series 1989 Bonds in the same aggregate principal amount and of the same maturity shall be executed and delivered in the name of the transferee or transferees or the registered owner, as the case may be, in exchange therefor. Series 1989 Bonds may be -5-