Guam § 2 - Transfer of Bonds.

§ 2. Transfer of Bonds.

Any Bond may, in accordance with its terms, be transferred,

upon the books required to be kept pursuant to the provisions of §

2.06, by the person in whose name it is registered, in person or by

such registered owner’s duly authorized attorney, upon surrender

of such Bond for cancellation at the Principal Office of the

Registrar accompanied by delivery of a written instrument of

transfer, duly executed in a form approved by the Registrar.

Whenever any Bond or Bonds shall be surrendered for

transfer, the Government shall execute and the Registrar shall

authenticate and deliver a new fully registered Bond or Bonds of

the same Series, maturity and tenor, of any authorized

denomination or denominations and for the aggregate principal

amount of such Bond or Bonds then remaining Outstanding, to the

transferee in exchange therefor. The Registrar shall require the

payment by the Bondholder requesting such transfer of any tax or

other governmental charge required to be paid with respect to such

transfer, and may collect from the Government a charge equal to

the customary fee charged by the Registrar for such transfers.

No transfer of any Bond shall be required during the five days

next preceding any date established by the Trustee for the

selection of Bonds for redemption or a any time after selection of

such Bond for redemption.