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194 <br /> <br />the redemption date, upon surrender of such Bond, a new Bond or Bonds in <br />principal amount equal to the unredeemed portion of such Bond will be issued. <br /> If any Bonds or portions thereof 'are to be redeemed~ the Bond Registrar <br />shall open a separate acdount for the s°ie benefit of the bondholders whose Bonds <br />are being redeemed, which account may be maintained by the Bond Registrar or by <br />an agent. On or before the date fixed for redemption, moneys shall be deposited <br />with the Bond Registrar in its capacity as such for deposit in such account to <br />pay the principal of and the redemption premium, if any, on the Bonds or portions <br />thereof called for redemption as well as the interest accruing thereon to the <br />redemption date thereof. <br /> On the date fixed for redemption, notice having been given in the manner <br />and under the conditions hereinabove provided, the Bonds or portions thereof <br />called for redemption shall be due and payable at the redemption price provided <br />therefor, plus accrued interest to such date. If moneys sufficient to pay the <br />redemption price of the Bonds or portions thereof to be redeemed, plus accrued <br />interest thereon to the date fixed for redemption, have been deposited by the <br />Issuer to be held in trust for the registered o~ners of Bonds or portions thereof <br />to be redeemed, interest on the Bonds or portions thereof called for redemption <br />shall cease to accrue, such Bonds or portions thereof shall cease to be entitled <br />to any benefits or security under this resolution or to be deemed outstanding, <br />and the registered owners of such Bonds or portions thereof shall have no rights <br />in respect thereof except to receive payment of the redemption price thereof, <br />plus accrued interest to the date of redemption. <br /> If a portion of a Bond shall~be selected for redemption, the registered <br />owner thereof or his attorney or legal representative shall present and surrender <br />such Bond to the Bond Registrar for payment of the principal amount thereof so <br />called for redemption and the redemption premium, if any, on such principal <br />amount, and the Bond Registrar shall authenticate and deliver to or upon the <br />order of such registered owner or his legal representative, without charge <br />therefor, for the unredeemed portion of the principal amount of the Bond so <br />surrendered, a Bond or Bonds of the same maturity, of any denomination or <br />denominations authorized by this resolution and bearing interest at the same <br />rate. <br /> Section 5. Bonds, upon surrender thereof at the office of the Bond <br />Registrar together with an assignment duly executed by the registered owner or <br />his attorney or legal representative in such form as shall be satisfactory to the <br />Bond Registrar, may, at the option of the registered owner thereof, be exchanged <br />for an equal aggregate principal amount of Bonds of the same maturity, of any <br />denomination or denominations authorized by this resolution and bearing interest <br />at the same rate. <br /> Section 6. The provisions of this Section relating to the exchange and <br />transfer of Bonds are subject to the provisions for operation of the book-entry <br />system provided in Section 2 of this resolution, including the immobilization of <br />Bond certificates with a Securities Depository during the continuation of the <br />book-entry system. Bonds, upon surrender thereof at the office of the Bond <br />Registrar together with an assignment duly executed by the registered owner or <br />his attorney or legal representative in such form as shall be satisfactory to the <br />Bond Registrar, may, at the option of the registered owner thereof, be exchanged <br />for an equal aggregate principal amount of Bonds of the same maturity, of any <br />denomination or denominations authorized by this resolution and bearing interest <br />at the same rate. <br /> The transfer of any Bond may be registered only upon the registration books <br /> of the Issuer upon the surrender thereof to the Bond Registrar together with an <br /> assignment duly executed by the registered owner or his attorney or legal <br /> representative in such form as shall be satisfactory to the Bond Registrar. Upon <br /> any such registration of transfer, the Bond Registrar shall authenticate and <br /> deliver in exchange for such Bond a new Bond or Bonds, registered in the name of <br /> the transferee, of any denomination or denominations authorized by this <br /> resolution, in an aggregate principal amount equal to the unredeemed <br /> principalamount of such Bond so surrendered, of the same maturity and bearing <br /> interest at the same rate. <br /> In all cases in which Bonds shall be exchanged or the transfer of Bonds <br /> shall be registered hereunder, the Bond Registrar shall authenticate and deliver <br /> at the earliest practicable time Bonds in accordance with the provisions of this <br /> resolution. Ail Bonds surrendered in any such exchange or registration of <br /> transfer shall forthwith be cancelled by the Bond Registrar. The Issuer or the <br /> Bond Registrar may make a charge fo~ every such exchange or registration of <br /> transfer of Bonds sufficient to reimburse it for shipping charges, out-of-pocket <br /> costs and any tax, fee or other governmental charge required to be paid with <br /> respect to such exchange or registration of transfer, but no other charge shall <br /> be made by the Issuer or the Bond Registrar for exchanging or registering the <br /> <br /> <br />