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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 /> <br /> Section 8. The provisions of this Section 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 assigmnent 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 /> <br /> The transfer of any Bond may be registered only upon the registration books of the Issuer <br />upon the surrender thereof to the Bond Registrar together with an assignment duly executed by <br />the registered owner or his attorney or legal representative in such form as shall be satisfactory to <br />the Bond Registrar. Upon any such registration of transfer, the Bond Registrar shall authenticate <br />and deliver in exchange for such Bond a new Bond or Bonds, registered in the name of the <br />transferee, of any denomination or denominations authorized by this resolution, in an aggregate <br />principal amount equal to the unredeemed principal amount of such Bond so surrendered, of the <br />same maturity and bearing interest at the same rate. <br /> <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..e.arliest practicable <br />time Bonds in accordance with the provision~ of this resolution. All Bonds surrendered in any <br />such exchange or registration of transfer shall forthwith be cancelled by the Bond Registrar. The <br />Issuer or the Bond Registrar may make a charge for every such exchange or registration of <br />transfer of Bonds sufficient to reimburse it for shipping charges, out-of-pocket costs and any tax, <br />fee or other governmental charge required to be paid with respect to such exchange or <br />registration of transfer, but no other charge shall be made by the Issuer or the Bond Registrar for <br />exchanging or registering the transfer of Bonds under this resolution. The Bond Registrar shall <br />not be required to exchange or register the transfer of any Bond during a period beginning at the <br /> <br /> <br />