60-18 Bond Financing for the Community Center Project

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been made, nor during a period of fifteen (15) days next preceding mailing of a notice of redemption of any Bonds. As to any fully registered Bond without coupons, the person in whose name the same shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of principal or interest thereon shall be made only to or upon the order of the registered owner thereof or his legal representative, but such registration may be changed as hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid. Section 2.9 Provisions for Issuance of Additional or Refunding Bonds. One or more Series of Bonds in addition to the Series 20_ Bonds ("Additional Bonds"), may be authenticated and delivered from time to time for one or more of the purposes of(i) refunding all or a portion of one or more series of Bonds outstanding hereunder, if such Bonds may otherwise be refunded, and (ii) financing the cost or estimated cost of completing the Project or of acquiring and/or constructing additional improvements to the Project, and, in each case, obtaining additional funds to pay the costs to be incurred in connection with the issuance of such Additional Bonds, to establish reserves with respect thereto and to pay interest during the estimated construction period of completing the additional improvements, if any. Prior to the delivery by the Issuer of any such Additional Bonds there shall be filed with the Trustee: (a) A supplement to this Indenture executed by the Issuer and the Trustee authorizing the issuance of such Additional Bonds, specifying the terms thereof, pledging and assigning the Trust Estate, including the Pledged Revenues, as security therefor and providing for the disposition of the proceeds of the sale thereof. (b) A copy of an ordinance, authorizing such Additional Bonds, duly certified by the Clerk. (c) A copy of the TIF Pledge Resolution, duly certified by the Secretary of the Redevelopment Commission. (d) A report or a certificate prepared by an independent certified public accountant or an independent financial advisor selected by the Issuer supported by appropriate calculations, in accordance with the terms of the TIF Pledge Resolution. (e) A written request of the Issuer to the Trustee to authenticate and deliver such Additional Bonds. (f) An opinion of Bond Counsel acceptable to the Issuer to the effect that (i) such supplement to this Indenture has been duly executed by the Issuer and constitutes the valid and binding obligation of the Issuer enforceable against the Issuer in accordance with its terms; and (ii) the Additional Bonds have been duly and validly authorized and issued by the Issuer and constitute the valid and binding limited obligations of the Issuer enforceable against the Issuer in accordance with their terms. The opinion of Bond Counsel may be qualified as to such matters as are acceptable to the Issuer and the Trustee, and include, without limitation, customary 13