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executed with the manual or facsimile signature of the Chairman of <br /> the Board . <br /> SECTION 8 . NEGOTIABILITY . The Bonds issued hereunder <br /> shall be and shall have all of the qualities and incidents of <br /> negotiable instruments under the laws of the State of Florida ,- and <br /> each successive holder , in accepting any of the Bonds , shall be <br /> conclusively deemed to - have - agreed that such Bonds shall be and <br /> have all of the qualities and incidents of negotiable instruments <br /> under the laws of the State of Florida . <br /> SECTION 9 . REGISTRATION . The Bond Registrar shall be <br /> responsible for maintaining . books for the registration , transfer <br /> . and exchange of the Bonds <br /> -All Bonds presented for transfer , exchange , redemption or <br /> payment ( if so required by the Board or the Bond Registrar ) shall <br /> be accompanied by a written instrument or instruments of transfer <br /> or authorization for exchange , in - form and with - guaranty of <br /> signature satisfactory to the Board or " the Bond Registrar , duly <br /> executed by the Registered Owner or by his duly authorized <br /> attorney . In the case of partial redemption of a Bond , and in lieu <br /> of issuing a new Bond or Bonds in the aggregate principal amount <br /> then outstanding on the Bond after such redemption , the District <br /> may , at its option , instruct the Bond Registrar to note on the Bond <br /> the principal amount of such redemption , the date of redemption and <br /> the outstanding principal amount of such Bond after such <br /> redemption , and return the Bond to the Registered Owner . <br /> Upon surrender to the Bond Registrar for transfer or <br /> exchange of any Bond accompanied by an assignment or written <br /> authorization for exchange , whichever is applicable , duly executed <br /> by the Registered Owner or his attorney duly authorized in writing , <br /> the Bond Registrar shall deliver in the name of the Registered <br /> Owner or the designated transferee or transferees , as the case may <br /> be , a new fully registered Bond or Bonds of authorized <br /> denominations and of the same maturity and interest rate , in an <br /> aggregate principal amount equal to the principal amount that <br /> remains outstanding with respect to such Bond so surrendered . <br /> The Bond Registrar or the Board may require payment from <br /> the Registered Owner or his transferee of a sum sufficient to cover <br /> any tax , fee or other governmental charge that may be imposed in <br /> connection with any transfer or exchange of the Bonds . Such <br /> charges and expenses shall be paid before any such new Bond shall <br /> be delivered . <br /> Interest on the Bonds shall be paid to the Registered <br /> Owner whose name appears on the books of the Bond Registrar as of <br /> 5 : 00 P . M . local time at the location of the Bond Registrar on the <br /> Record Date . <br /> 6 <br />