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to print such number on any Series B Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the initial purchaser thereof to accept delivery of and pay for the Series B Bonds in accordance with the terms of the purchase contract therefor. Section 8. Record of Series B Bonds. The City shall keep records at the named office of the Agent showing at all times the number, date, denomination, maturity date, rate of interest and the amount of each interest payment of the Series B Bonds, including sufficient books for the registration and tranfer of the Series B Bonds, showing the names, addresses and social security or tax identification numbers of the holders of the outstanding Series B Bonds that have been authenticated and registered by the Agent. The Agent shall, under such reasonable regulations as the City and Agent may prescribe, authenticate and register or transfer or cause to be authenticated and registered or transferred, on said books, the Series B Bonds as herein provided. The individual trust. Series B Bonds shall be registered only in the name of an (including joint owners), a corporation, a partnership or The Agent shall cancel on the registry books for the Series B Bonds each Series B Bond paid or surrendered for transfer or exchange. The information contained in the registry books for the Series B Bonds with regard to the ownership of or security interests in said Bonds shall not be subject to inspection or copying by the public as provided in Section 5060(a) of Chapter 1.5 of Division 6 of Title I of the Government Code of the State of California, provided that the registry books shall be open for inspection by the City at all times. Section 9. Delivery of the Series B Bonds. Upon the execution, authentication and registration of the Series B Bonds, and upon compliance with the terms of the purchase contract for the Bonds, the Treasurer shall deliver the Series B Bonds to the purchaser thereof upon receipt of the purchase price therefor. The Treasurer and city Clerk are hereby charged with the responsibility for the issuance and delivery of the Series B Bonds. Said officers and other members of the City staff are hereby authorized jointly and severally to execute any and all documents and do any and all things deemed necessary or advisable in order to consumate the delivery of the Bonds pursuant to the purchase contract therefor and otherwise to effectuate the purposes of this Resolution. Section 10. Reserve Fund. An amount equal to seven percent of the principal amount of the Series B Bonds shall be placed in Reserve Fund heretofore established by the terms of Resolution No. upon receipt of the proceeds of the sale thereof. The Reserve shall be administered as prescribed by said Resolution No. 9885. (7%) the 9885 Fund -4-