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M <br />VAW <br />PROVISIONS FOR REGISTRATION AND RECONVERSION <br />This bond may be registered as to principal alone on books of the <br />City, kept by the Trustee under the within mentioned Indenture as bond <br />registrar, upon presentation hereof to the bond registrar, which shall make <br />mention of such registration in the registration blank below, and this bond <br />may thereafter be transferred only upon an assignment duly executed by the <br />registered owner or his attorney or legal representative in such form as shall <br />be satisfactory to the bond registrar, such transfer to be made on such books <br />and endorsed hereon by the bond registrar. Such transfer may be to bearer, <br />and thereafter transferability by delivery shall be restored, but this bond <br />shall again be subject to successive registrations and transfers as before. <br />The principal of this bond, if registered, unless registered to bearer, shall be <br />payable only to or upon the order of the registered owner or his legal represent- <br />ative. Interest accruing on this bond will be paid only on presentation and <br />surrender of the attached interest coupons as they respectively become due, <br />and notwithstanding the registration of this bond as to principal, the appurte- <br />nant interest coupons shall remain payable to bearer and shall continue to be <br />transferable by delivery; provided, that if upon registration of this bond, or <br />at any time thereafter while this bond is registered in the name of the owner, <br />the unmatured coupons attached evidencing interest to be thereafter paid hereon <br />shall be surrendered to said bond registrar, a statement to that effect will be <br />endorsed hereon by the bond registrar and thereafter interest evidenced by <br />such surrendered coupons will be paid by check or draft of the bond registrar <br />at the times provided herein to the registered owner of this bond by mail to the <br />address shown on the registration books. This bond when so converted into a <br />bond registered as to both principal and interest may be reconverted into a <br />coupon bond at the written request of the registered owner and upon presentation <br />at the office of said bond registrar. Upon such reconversion the coupons <br />