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understandings with the Registrar and Paying Agent and any subsequent Registrar and Paying <br />Agent as will enable and facilitate the performance of its duties and responsibilities, and is <br />authorized and directed to pay such fees as the Registrar and Paying Agent may reasonably <br />charge far it's services in such capacity, and such fees may be paid from the Sewage Works <br />Sinking Fund previously established and continued herein. <br />If the Bonds or BANS are registered in the name of the Authority, the Bond Bank <br />or any other purchaser that does not object to such designation, the Controller shall be designated <br />as the Registrar and Paying Agent and shall be charged with the performance of all of the duties <br />and responsibilities of Registrar and Paying Agent. <br />The Registrar and Paying Agent, if not the Controller, may at any time resign as <br />Registrar and Paying Agent upon giving thirty (30) days' notice in writing to the City and by <br />first-class mail to each registered owner of the Bonds then outstanding, and such resignation will <br />take effect at the end of such thirty (30) days or upon the earlier appointment of a successor <br />Registrar and Paying Agent by the City. Any such notice to the City may be served personally <br />or sent by certified mail. The Registrar and Paying Agent may also be removed at any time as <br />Registrar and Paying Agent by the City, in which event the City may appoint a successor <br />Registrar and Paying Agent. The City shall notify each registered owner of Bonds then <br />outstanding by fast-class mail of the removal of the Registrar and Paying Agent. Notices to <br />registered owners of the Bonds shall be deemed to be given when mailed by first-class mail to <br />the addresses of such registered owners as they appear on the registration books kept by the <br />Registrar. Any predecessor Registrar and Paying Agent shall deliver all of the Bonds and cash in <br />its possession with respect thereto, together with the registration books, to the successor <br />Registrar and Paying Agent. The Controller is hereby authorized to act on behalf of the City <br />-10- <br />SDDBOI 5738468v1 <br />