Guam § 9 - Endorsement of Bonds: Preparation of New Bonds.

§ 9. Endorsement of Bonds: Preparation of New Bonds.

Bonds delivered after any Supplemental indenture becomes

effective pursuant to this Article may, and if the Trustee so

determines shall, bear a notation by endorsement or otherwise in

a form approved by the Government and the Trustee as to any

modification or amendment provided for in such Supplemental

Indenture, and, in that case, upon demand of the Holder of any

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Bond Outstanding at such effective date and presentation of its

Bond for the purpose at the Principal Office of the Trustee or at

such additional offices as the Trustee may select and designate for

that purpose, a suitable notation shall be made on such Bond, at

the expense of the Government. If the Government or the Trustee

shall so determine, new Bonds so modified as to conform, in the

opinion of the Government and the Trustee, to any modification

or amendment contained in such Supplemental Indenture, shall, at

the expense of the Government, be prepared and executed by the

Government and authenticated by the Registrar, and upon demand

of the Holders of any Bonds then Outstanding shah be exchanged

at the Principal Office of the Registrar, without cost to any

Bondholder, for Bonds then Outstanding, upon surrender for

cancellation of such Bonds, in equal aggregate principal amounts

of the same Series, maturity and tenor.