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CM any bond registered as to principal shall remain payable to bearer not- withstanding such registration. No charge shall be made to any bond- holder for the privilege of registration and transfer hereinabove granted, but any bondholder requesting any such registration or trans- fer shall pay any tax or other governmental charge required to be paid with respect thereto. As to any bond registered as to principal, the person in whose name the same shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes and pay- ment of or on account of the principal of any such bond shall be made only to or upon the order of the registered owner thereof, or his legal representative, and neither the City the Trustee, nor the bond registrar shall be affected by any notice to the contrary, but such registration may be changed as herein provided. All slich pay- ments shall be valid and effectual to satisfy and discharge the lia- bility upon such bond to the extent of the sum or sums so paid. The City , the Trustee, the bond registrar and the paying agent may deem and treat the bearer of any bond which shall not at the time be registered as to principal, and the bearer of any coupon appertain- ing to any bond, whether such bond be registered as to principal or not, as the absolute owner of such bond or coupon, as the case may be, whether such bond or coupon shall be overdue or not, fcr the pur- pose of receiving payment thereof and for all other purposes whatso- ever, and neither the City , the Trustee, the bond registrar nor the paying agent shall be affected by any notice to the contrary. Section 210. The bonds may be delivered in installments as funds are needed, in which event (notwithstanding the provisions of Section 206 hereof) the Trustee shall from time to time authenti- cate and deliver to the purchaser the bonds specified in letters of instructions signed by the Mayor, and the Trustee shall be entitled to rely upon the letters of instructions as to the bonds to be de- livered, the purchase price, and the amount to be deposited in the Bond Fund for the purpose of paying interest. .�,