Authorizing $1,550.000 Economic Development Technologies Corp Project

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the Bond shall cease to be such official before the delivery of the Bond, such signature shall nevertheless be valid and suffi- cient for all purposes, the same as if he had remained in office until delivery: The Bond shall be transferable only as a whole as provided herein. Upon surrender for transfer of the Bond at the principal office of the Bank, duly endorsed for transfer or accompanied by an assignment duly executed by the registered owner or his attorney duly authorized in writing, the Issuer shall execute and deliver in the name of the transferee a sub- stitute fully registered Bond of the same series, in the denomination of the unpaid principal amount thereof, with the same maturities and interest rate, dated the first day of the March, June, September, or December (to which interest has been paid) next preceding the date of its issuance, or if issued on the first day of a March, June, September, or December (to which interest has been paid), as of such date. The owner of the Bond shall give written notice to the Company of any proposed transfer of the Bond at least thirty (30) days prior to the date of such proposed transfer. The Issuer shall cause books for the registration and for the transfer of the Bond as provided in this Ordinance to be kept by the Bank which is hereby constituted and appointed the Bond Registrar of the Issuer. The Bank, as Bond Registrar, shall keep and maintain, on behalf of the Issuer, registration books indicating the name and address of the owner from time to time of the Bond. The Bond shall never be registered in the name of bearer. The Bank shall not be required to transfer the Bond during the period of ten (10) days next preceding any interest payment date of the Bond nor to transfer the Bond after the mailing of notice calling the principal installments of the Bond (or a portion thereof) for prior redemption has been given as herein provided. The person in whose name the Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of or on account of the principal installments of, premium, if any, or interest on the Bond shall be made only to or upon the written order of the registered owner thereof or his legal representative, but such registration may be changed as hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. In each case the Issuer shall require the payment by the owner of the Bond requesting transfer of any tax or other government charge required to be paid with respect to such transfer. In the event the Bond is mutilated, lost, stolen or destroyed, the Issuer may execute a substitute Bond of like date, tenor and maturities as the Bond mutilated, lost, stolen or destroyed; provided, that, in the case the Bond is mutilated, the -10-