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Sec. 4. The bonds of this issue are not redeemable at <br />the option of the City prior to maturity. <br />Sec. 5. Said bonds shall be signed in the name of the City <br />by the Mayor, countersigned by the City Controller, and attested by the <br />City Clerk, who shall affix the seal of said City to each of said bonds. <br />The interest coupons attached to said bonds shall be executed by placing <br />thereon the facsimile signatures of the Mayor and City Controller, and <br />said officials, by the signing of said bonds, shall adopt as and for their <br />own proper signatures their facsimile signatures appearing on said <br />coupons. In case any officer whose signature appears on the bonds or <br />coupons shall cease to be such officer before the delivery of such bonds, <br />such signature shall nevertheless be valid and sufficient for all purposes <br />the same as if such officer had remained in office until the delivery <br />thereof. Said bonds shall have all of the qualities and incidents of <br />negotiable instruments under the laws of the State of Indiana. <br />Said bonds shall be negotiable by delivery unless registered. <br />Upon presentation of any of the bonds at the office of the City Controller, <br />said City Controller shall register said bonds as to principal without <br />charge or expense to the holder. Such registry shall be noted on each <br />bond so presented, after which no transfer thereof shall be valid unless <br />made by the registered owner in person or by his attorney duly author- <br />ized and similarly noted on such bond, but bonds so registered may be <br />discharged from registry at the expense of the holder by being in like <br />manner retransferred to bearer, after which they shall be transferable <br />by delivery but may again be registered as before at the expense of the <br />holder. The registration of any bond shall not affect the negotiability <br />of the interest coupons attached thereto, but such coupons shall continue <br />to pass by delivery merely and shall remain payable to the bearer. Said <br />bonds and any bonds hereafter issued on a parity therewith, as to both <br />principal and interest, shall be payable from and secured by an irrevo- <br />-5- <br />