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19 <br /> shall present and surrender such Bond to the Bond Registrar for <br /> payment of the principal amount thereof so called for redemption <br /> and the redemption premium, if any, on such principal amount, and <br /> the Bond Registrar shall authenticate and deliver to or upon the <br /> order of such registered owner or his legal representative, without <br /> charge therefor, for the unredeemed portion of the principal amount <br /> of the Bond so surrendered, a Bond or Bonds of the same maturity, <br /> of any denomination or denominations authorized by this resolution <br /> and bearing interest at the same rate. <br /> Section 5 . Bonds, upon surrender thereof at the office of the <br /> Bond Registrar together with an assignment duly executed by the <br /> registered owner or his attorney or legal representative in such <br /> form as shall be satisfactory to the Bond Registrar, may, at the <br /> option of the registered owner thereof, be exchanged for an equal <br /> aggregate principal amount of Bonds of the same maturity, of any <br /> denomination or denominations authorized by this resolution and <br /> bearing interest at the same rate. <br /> The transfer of any Bond may be registered only upon the <br /> registration books of the Issuer upon the surrender thereof to the <br /> Bond Registrar together with an assignment duly executed by the <br /> registered owner or his attorney or legal representative in such <br /> form as shall be satisfactory to the Bond Registrar. Upon any such <br /> registration of transfer, the Bond Registrar shall authenticate and <br /> deliver in exchange for such Bond a new Bond or Bonds, registered <br /> in the name of the transferee, of any denomination or denominations <br /> 18 <br />