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for any payment. All principal payments and premium payments, if any, on the 2000 Bonds shall <br />be made upon surrender thereof at the principal office of the Paying Agent, in any U.S. coin or <br />currency which on the date of such payment shall be legal tender for the payment of public and <br />private debts, or in the case of a registered owner of $1,000,000 or more in principal amount of 2000 <br />Bonds, by wire transfer on the due date upon written direction of such owner provided at least fifteen <br />(15) days prior to the maturity date or redemption date. <br />If the 2000 Bonds or BANs, are registered in the name of the State of Indiana or the <br />Indiana Bond Bank, the principal of and interest thereon shall be paid by wire transfer to such <br />financial institution if and as directed by the State on the due date of such payment or, if such due <br />date is a day when financial institutions are not open for business, on the business day immediately <br />after such due date. So long as the State of Indiana or the Indiana Bond Bank is the owner of said <br />2000 Bonds or BANs, such 2000 Bonds and BANs shall be presented for payment as directed by <br />the State. <br />Interest on 2000 Bonds sold to the State of Indiana or the Indiana Bond Bank to <br />finance Eligible Costs (as defined in the Financial Assistance Agreement) shall be paid from the date <br />which is 2 years after the date of delivery of the 2000 Bonds. Interest on 2000 Bonds issued to <br />finance all other costs shall be payable from the interest payment date to which interest has been paid <br />next preceding the authentication date thereof unless such 2000 Bonds are authenticated after the <br />Record Date for an interest payment date 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 />SECTION 4. Transfer and Exchange of Bonds. Each 2000 Bond shall be <br />transferable or exchangeable only upon the Registration Record, by the registered owner thereof in <br />writing, or by the registered owner's attorney duly authorized in writing, upon surrender of such <br />2000 Bond together with a written instrument of transfer or exchange satisfactory to the Registrar <br />duly executed by the registered owner or such attorney, and thereupon a new fully registered 2000 <br />Bond or Bonds in the same aggregate principal amount, and of the same maturity, shall be executed <br />and delivered in the names of the transferee or transferees or the registered owner, as the case may <br />be, in exchange therefor. The costs of such transfer or exchange shall be borne by the City except <br />for any tax or governmental charge required to be paid with respect to the transfer or exchange, <br />which taxes or governmental charges are payable by the person requesting such transfer or exchange. <br />The City, the Registrar and the Paying Agent may treat and consider the persons in whose names <br />such 2000 Bonds are registered as the absolute owners thereof for all purposes including for the <br />purpose of receiving payment of, or on account of, the principal thereof and interest and premium, <br />if any, due thereon. <br />In the event any 2000 Bond is mutilated, lost, stolen or destroyed, the City may <br />execute and the Registrar may authenticate a new bond of like date, maturity and denomination as <br />that mutilated, lost, stolen or destroyed, which new bond shall be marked in a manner to distinguish <br />it from the bond for which it was issued, provided that, in the case of any mutilated bond, such <br />mutilated bond shall first be surrendered to the Registrar, and in the case of any lost, stolen or <br />-5- <br />