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<br />one business day prior to the interest payment date to the registered owners thereof as of the
<br />fifteenth (15th) day of the month prior to the month in which interest is payable (the “Record Date”)
<br />at the addresses as they appear on the registration and transfer books of the Commission kept for
<br />that purpose by the Registrar (the “Registration Record”) or at such other address as is provided
<br />to the Paying Agent (as defined in Section 4 hereof) in writing by such registered owner. Each
<br />registered owner of One Million Dollars ($1,000,000) or more in principal amount of Bonds shall
<br />be entitled to receive interest payments by wire transfer by providing written wire instructions to
<br />the Paying Agent before the Record Date for such payment. All principal payments and premium
<br />payments, if any, on the Bonds shall be made upon surrender thereof at the principal office of the
<br />Paying Agent, in any U.S. coin or currency which on the date of such payment shall be legal tender
<br />for the payment of public and private debts, or in the case of a registered owner of $1,000,000 or
<br />more in principal amount of Bonds, by wire transfer on the due date upon written direction of such
<br />owner provided at least fifteen (15) days prior to the maturity date or redemption date.
<br />Interest on Bonds shall be payable from the interest payment date to which interest has
<br />been paid next preceding the authentication date thereof unless such Bonds are authenticated after
<br />the Record Date for an interest payment and on or before such interest payment date in which case
<br />they shall bear interest from such interest payment date, or unless authenticated on or before the
<br />Record Date for the first interest payment date, in which case they shall bear interest from the
<br />original date, until the principal shall be fully paid.
<br />(d)Transfer and Exchange. Each Bond shall be transferable or exchangeable only
<br />upon the Registration Record, by the registered owner thereof in writing, or by the registered
<br />owner’s attorney duly authorized in writing, upon surrender of such Bond together with a written
<br />instrument of transfer or exchange satisfactory to the Registrar duly executed by the registered
<br />owner or such attorney, and thereupon a new fully registered Bond or Bonds in the same aggregate
<br />principal amount, and of the same maturity, shall be executed and delivered in the name of the
<br />transferee or transferees or the registered owner, as the case may be, in exchange therefor. The
<br />costs of such transfer or exchange shall be borne by the Commission, except for any tax or
<br />governmental charges required to be paid in connection therewith, which shall be payable by the
<br />person requesting such transfer or exchange. The City, the Commission, the Registrar and the
<br />Paying Agent may treat and consider the persons in whose names such Bonds are registered as the
<br />absolute owners thereof for all purposes including for the purpose of receiving payment of, or on
<br />account of, the principal thereof and interest and premium, if any, due thereon.
<br />(e)Mutilated, Lost, Stolen or Destroyed Bonds. In the event any Bond is mutilated,
<br />lost, stolen or destroyed, the City may execute and the Registrar may authenticate a new bond of
<br />like date, maturity and denomination as that mutilated, lost, stolen or destroyed, which new bond
<br />shall be marked in a manner to distinguish it from the bond for which it was issued, provided that,
<br />in the case of any mutilated bond, such mutilated bond shall first be surrendered to the Registrar,
<br />and in the case of any lost, stolen or destroyed bond there shall be first furnished to the Registrar
<br />evidence of such loss, theft or destruction satisfactory to the Controller and the Registrar, together
<br />with indemnity satisfactory to them. In the event any such bond shall have matured, instead of
<br />issuing a duplicate bond, the City and the Registrar may, upon receiving indemnity satisfactory to
<br />them, pay the same without surrender thereof. The City and the Registrar may charge the owner
<br />of such Bond with their reasonable fees and expenses in this connection. Any Bond issued
<br />pursuant to this paragraph shall be deemed an original, substitute contractual obligation of the City,
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