Agenda - 02-01-1988 - Laserfiche WebLink

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If a portion of a bond, other than a bond awarded to the FmHA, shall be selected for redemption, the registered owner thereof or his attorney or legal representative shall present and surrender such bond to the Bond Registrar for payment of the principal amount thereof so called for redemption and the redemption premium, if any, on such principal amount, and the Bond Registrar shall authenticate and deliver to or upon the order of such registered owner or his legal representative, without charge therefor, for the unredeemed portion of the principal amount of the bond so surrendered, a bond or bonds of the same maturity, of any denomination or denominations authorized by this resolution and bearing interest at the same rate. In the event that an installment of principal of a bond awarded to the FmHA shall be redeemed, the Bond Registrar shall direct the registered owner thereof to evidence such redemption by appropriate notation on the schedule attached to such bond for such purpose. Section 4. Bonds, upon surrender thereof at the corporate trust office of the Bond Registrar together with an assignment duly executed by the registered owner or his attorney or legal representative in such form as shall be satisfactory to the Bond Registrar, may, at the option of the registered owner thereof, be exchanged for an equal aggregate principal amount of bonds of the same maturity (or, in the case of a bond awarded to 'r the FmHA, of bonds having maturities corresponding to the maturities of the installments of principal of such bond then unpaid) , of any denomination or denominations authorized by this resolution and bearing interest at the same rate. Except as hereinafter otherwise provided, the transfer of any bond may be registered only upon the registration books of the Issuer upon the surrender thereof to the Bond Registrar -7- BROWN 0 WOOD.ONE WORLD TRADE CENTER.NEW YORK.N.Y.1 0040