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NOV 17 1982 poor 52 F' 1/16 <br />contemplated. The Clerk, or such other Registrar as may hereafter <br />be duly appointed, is designated such Bond Registrar. <br />The County, its agents, and the Registrar may deem and <br />treat the registered owner of any Bond as the absolute owner of such <br />Bond for the purpose of receiving payment of the principal thereof <br />and the interest payable thereon, and for all other purposes <br />whatsoever. <br />Upon surrender for transfer of any fully registered Bond at <br />the office of the Registrar, the County shall execute and the <br />Registrar shall deliver to the transferee or transferees a new fully <br />registered Bond or Bonds for a like aggregate principal amount. <br />Fully registered Bonds may be exchanged at the office of the Regis- <br />trar for a like aggregate principal amount of fully registered Bonds <br />or authorized denominations of like interest rate and maturity. The <br />execution by the County of any fully registered Bond in an autho- <br />rized denomination shall constitute full and due authorization of <br />such denomination and the Registrar shall thereby be authorized to <br />deliver such fully registered Bond. <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 or <br />authorization for exchange, in form and with guaranty of signature <br />satisfactory to the County and the Bond Registrar, duly executed by <br />the registered holder or by his duly authorized attorney. <br />The County and the Bond Registrar may charge the bondholder <br />a sum sufficient to reimburse them for any expenses incurred in <br />making any exchange or transfer after the first such exchange or <br />transfer made after delivery of the Bonds. The Bond Registrar or <br />the County may also require payment from the bondholder of a sum <br />sufficient to cover any tax, fee or other governmental charge that <br />may be imposed in relation thereto. Such charges and expenses shall <br />be paid before any such new bond shall be delivered. <br />The County and the Bond Registrar shall not be required (a) <br />to issue, transfer or exchange any Bonds during a period beginning <br />-4- <br />