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ts+~os 1~l rt~r 'r~3 <br />® sufficient to pay the redemption price of the Bonds or portions <br />thereof to be redeemed, plus accrued interest thereon to the date <br />fixed for redemption, are held by the Bond Registrar in trust for <br />the registered owners of Bonds or portions thereof called for <br />redemption, such Bonds or portions thereof shall cease to be <br />entitled to any benefits or security under this resolution or to <br />be deemed outstanding, and the registered owners of such Bonds or <br />portions thereof shall have no rights in respect thereof except <br />to receive payment of the redemption price thereof, plus accrued <br />interest to the date of redemption. <br />If a portion of a Bond shall be selected for redemp- <br />tion, the registered owner thereof or his attorney or legal <br />representative shall present and surrender such bond to the Bond <br />Registrar for payment of the principal amount thereof so called <br />for redemption and the redemption premium, if any, on such <br />principal amount, and the Bond Registrar shall authenticate and <br />deliver to or upon the order of such registered owner or his <br />legal representative, without charge therefor, for the unredeemed <br />portion of the principal amount of the Bond so surrendered, a <br />Bond or Bonds of the same maturity, of any denomination or <br />denominations authorized by this resolution and bearing interest <br />at the same rate. <br />8. Bonds, upon surrender thereof at the office of the <br />Bond Registrar together with an assignment duly executed by the <br />registered owner or his attorney or legal representative in such <br />form as shall be satisfactory to the Bond Registrar, may, at the <br />option of the registered owner thereof, be exchanged for an equal <br />aggregate principal amount of Bonds of the same maturity, of any <br />denomination or denominations authorized by this resolution and <br />bearing interest at the same rate. <br />The transfer of any Bond may be registered only upon <br />the registration books of the Issuer upon the surrender thereof <br />to the Bond Registrar together with an assignment duly executed <br />by the registered owner or his attorney or legal representative <br />in such form as shall be satisfactory to the Bond Registrar. <br />Upon any such registration of transfer, the Bond Registrar shall <br />authenticate and deliver in exchange for such Bond a new Bond or <br />Bonds, registered in the name of the transferee, of any <br />denomination or denominations authorized by this resolution, in <br />an aggregate principal amount equal to the unredeemed principal <br />amount of such Bond so surrendered, of the same maturity and <br />bearing interest at the same rate. <br />In all cases in which Bonds shall be exchanged or the <br />transfer of Bonds shall be registered hereunder, the Bond <br />Registrar shall authenticate and deliver at the earliest <br />practicable time Bonds in accordance with the provisions of this <br />resolution. All Bonds surrendered in any such exchange or <br />registration of transfer shall forthwith be canceled by the Bond <br />Registrar. The Issuer or the Bond Registrar may make a charge <br />for shipping and out-of-pocket costs for every such exchange or <br /> <br />13 <br />