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actually sold and delivered, such Bonds may nevertheless be sold and delivered <br />as if the persons who signed or sealed such Bonds had not ceased to hold such <br />offices. Any Bonds may be signed and sealed on behalf of the Board by such <br />person who at the actual time of the execution of such Bonds shall hold the <br />proper office, although at the date of such Bonds such person may not have held <br />such office or may not have been so authorized. <br />"The validation certificate on the Bonds, if any, shall be executed <br />with the manual or facsimile signature of the Chairman or Vice Chairman of the <br />Board. <br />"SECTION 8. NEGOTIABILITY. The Bonds issued hereunder shall be <br />and shall have all of the qualities and incidents of negotiable instruments <br />under the laws of the State of Florida, and each successive holder, in accepting <br />any of the Bonds, shall be conclusively deemed to have agreed that such Bonds <br />shall be and have all of the qualities and incidents of negotiable instruments <br />under the laws of the State of Florida. <br />9. <br />Registrar shall be responsible formaintainingbooks for EXCHANGE. <br />registration, <br />ation, <br />transfer and exchange of the Bonds. <br />nds <br />for transfer, <br />ption or pa <br />(if so requiredlbBy the Board or d he Bond Registrar) exchange, hall bemaccompanied byna <br />written instrument or instruments of transfer or authorization for exchange, in <br />form and with guaranty of signature satisfactory to the Board or the Bond <br />Registrar, duly executed by the Registered Owner or by his duly authorized <br />attorney. In the case of partial redemption of a Bond, and in lieu of issuing <br />a new Bond or Bonds in the aggregate principal amount then outstanding on the <br />Bond after such redemption, the County may, at its option, instruct the Bond <br />Registrar to note on the Bond the principal amount of such redemption, the date <br />of redemption and 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 exchange of <br />any Bond accompanied by an assignment or written authorization for exchange, <br />whichever is applicable, duly executed by the Registered Owner or his attorney <br />duly authorized in writing, the Bond Registrar shall deliver in the name of the <br />Registered Owner or the designated transferee or transferees, as the case may <br />be, a new fully registered Bond or Bonds of authorized denominations and of the <br />same maturity and interest rate, in an aggregate principal amount equal to the <br />principal amount that remains outstanding with respect to such Bond so <br />surrendered. <br />"The istrar or te <br />fom <br />nd <br />Registered Owner oro his t ransferee of a sumosufficient mayetoire coverayment any tax, feetor <br />- 10 - <br />