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R <br /> the Bonds or BANs and shall be charged with the performance of all of the duties and <br /> responsibilities of Registrar and Paying Agent. <br /> If the Bonds are sold to the Authority as part of its SRF Program, the principal of and <br /> interest thereon shall be paid by wire transfer to such financial institution if and as directed by <br /> the Authority on the due date of such payment or, if such due date is a day when financial <br /> institutions are not open for business, on the business day immediately after such due date. So <br /> long as the Authority as part of its SRF Program is the owner of the Bonds, such Bonds shall be <br /> presented for payment as directed by the Authority. <br /> If the Bonds are not sold to the Authority as part of its SRF Program or if wire transfer <br /> payment is not required, the principal of and any redemption premium on the Bonds, and <br /> principal and interest on the BANs, shall be payable at the principal office of the Paying Agent. <br /> Interest on the Bonds shall be paid by check or draft mailed or delivered by the Paying Agent to <br /> the registered owner thereof at the address as it appears on the registration books kept by the <br /> Registrar as of the fifteenth (15th) day of the month immediately preceding the Interest Payment <br /> Date or at such other address as may be provided to the Paying Agent in writing by such <br /> registered owner. All payments on the Bonds and the BANs shall be made in any coin or <br /> currency of the United States of America which, on the dates of such payments, shall be legal <br /> tender for the payment of public or private debts. <br /> Each Bond and BAN shall be transferable or exchangeable only on the books of the <br /> Town maintained for such purpose at the principal office of the Registrar, by the registered <br /> owner thereof in person, or by his or her attorney duly authorized in writing, upon surrender of <br /> such Bond or BAN together with a written instrument of transfer or exchange satisfactory to the <br /> Registrar duly executed by the registered owner or his or her attorney duly authorized in writing, <br /> and thereupon a new fully registered Bond or Bonds (or BAN or BANs) in the same aggregate <br /> principal amount and of the same maturity shall be executed and delivered in the name of the <br /> transferee or transferees or the registered owner, as the case may be, in exchange therefor. Each <br /> Bond and BAN may be transferred or exchanged without cost to the registered owner, except for <br /> any tax or other governmental charge which may be required to be paid with respect to such <br /> transfer or exchange. The Registrar shall not be obligated to make any transfer or exchange of <br /> any Bond or BAN (1) during the period beginning after the fifteenth day of the month <br /> immediately preceding an Interest Payment Date and ending on such Interest Payment Date or <br /> (ii) after the mailing of notice calling such Bond or BAN for redemption. The Town, the <br /> Registrar and the Paying Agent may treat and consider the person in whose name any Bond or <br /> BAN is registered as the absolute owner thereof for all purposes including the purpose of <br /> receiving payment of, or on account of, the principal thereof and interest thereon. <br /> In the event any Bond or BAN is mutilated, lost, stolen or destroyed, the Town may <br /> cause to be executed and the Registrar may authenticate a new Bond or BAN of like date, <br /> maturity and denomination as the mutilated, lost, stolen or destroyed Bond or BAN, as the case <br /> may be, which new Bond or BAN shall be marked in a manner to distinguish it from the Bond or <br /> BAN for which it was issued; provided, that in the case of any mutilated Bond or BAN, such <br /> mutilated Bond or BAN shall first be surrendered to the Registrar, and in the case of any lost, <br /> stolen or destroyed Bond or BAN there shall be first furnished to the Registrar evidence of such <br /> loss, theft or destruction satisfactory to the Town and the Registrar, together with indemnity <br /> satisfactory to them. In the event that any such mutilated, lost, stolen or destroyed Bond or BAN <br /> shall have matured or been called for redemption, instead of causing to be issued a duplicate <br /> 5 <br />