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MAY 2 3 1984 Boa 5 PAGE 203 - <br />the Bonds and, if a bank is so designated, in compliance with an <br />Agreement to be executed between the County and such bank as Bond <br />Registrar as parties on or prior to the delivery date of the <br />Bonds. Such Agreement shall set forth in detail the duties, <br />rights, and responsibilities of the parties to the Agreement. <br />Upon surrender to the Bond Registrar for transfer or <br />exchange of any Bond, duly endorsed for transfer or accompanied by <br />an assignment duly executed by the Registered Owner or his attorney <br />duly authorized in writing, the Bond Registrar shall deliver in the <br />name of the transferee or transferees a new fully registered Bond <br />or Bonds of authorized denominations of the same maturity for the <br />aggregate principal amount which the registered owner is entitled <br />to receive. <br />All Bonds presented for transfer, exchange, redemption or <br />payment (if so required by the County 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 guarant of signa- <br />ture satisfactory to the County or the Bond Registrar, duly exe- <br />cuted by the Registered Owner or by his duly authorized attorney. <br />The County and the Bond Registrar may charge the bond- <br />holder or his transferee a sum sufficient to reimburse them for <br />any expenses incurred in making any exchange or transfer after the <br />first such transfer after the delivery of the Bonds. The Bond <br />Registrar or the County may also require payment from the bond- <br />holder or his transferee of a sum sufficient to cover any tax, fee <br />or other goverrunental charge that may be imposed in relation <br />thereto. Such charges and expenses shall be paid before any such <br />new Bond shall be delivered. <br />Interest shall be paid on such dates as are set forth in a <br />subsequent resolution to the Registered Owner of record whose <br />name appears on the books of the Bond Registrar as of 5:00 p.m. <br />(local time, Vero Beach, Florida) on the Record Date. <br />New Bonds delivered upon any transfer or exchange shall be <br />valid obligations of the County, evidencing the same debt as the <br />-10- <br />