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Bonds or portions thereof shall have no rights in respect thereof except to receive payment of the <br />redemption price thereof, plus accrued interest to the date of redemption. <br />If a portion of a Bond shall be selected for redemption, the registered owner thereof or his <br />attorney or legal representative shall present and surrender such Bond to the Bond Registrar for <br />payment of the principal amount thereof so called for redemption and the redemption premium, <br />if any, on such principal amount, and the Bond Registrar shall authenticate and deliver to or upon <br />the order of such registered owner or his legal representative, without charge therefor, for the <br />unredeemed portion of the principal amount of the Bond so surrendered, a Bond or Bonds of the <br />same maturity, of any denomination or denominations authorized by this resolution and bearing <br />interest at the same rate. <br />Section 8. The provisions of this Section 8 relating to the exchange and transfer of Bonds <br />are subject to the provisions for operation of the book -entry system provided in Section 4 of this <br />resolution, including the immobilization of Bond certificates with a Securities Depository during <br />the continuation of the book -entry system. Bonds, upon surrender thereof at the office of the <br />Bond Registrar together with an assignment duly executed by the registered owner or his <br />attorney or legal representative in such form as shall be satisfactory to the Bond Registrar, may, <br />at the option of the registered owner thereof, be exchanged for an equal aggregate principal <br />amount of Bonds of the same maturity, of any denomination or denominations authorized by this <br />resolution and bearing interest at the same rate. <br />The transfer of any Bond may be registered only upon the registration books of the <br />County upon the surrender thereof to the Bond Registrar together with an assignment duly <br />executed by the registered owner or his attorney or legal representative in such form as shall be <br />satisfactory to the Bond Registrar. Upon any such registration of transfer, the Bond Registrar <br />shall authenticate and deliver in exchange for such Bond a new Bond or Bonds, registered in the <br />name of the transferee, of any denomination or denominations authorized by this resolution, in <br />an aggregate principal amount equal to the unredeemed principal amount of such Bond so <br />surrendered, of the same maturity and bearing interest at the same rate. <br />In all cases in which Bonds shall be exchanged or the transfer of Bonds shall be <br />registered hereunder, the Bond Registrar shall authenticate and deliver at the earliest practicable <br />IV <br />Attachment number 2 <br />G -1 Page 205 <br />