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ARTICLE III <br /> TERMS OF BONDS GENERALLY <br /> Section 3.01. Form of Bonds. The Bonds, the certificate of authentication and the form <br /> of assignment shall be substantially in the respective forms thereof set forth in Exhibit A to this <br /> Indenture. <br /> All Bonds, unless a Supplemental Indenture shall have been executed and delivered <br /> pursuant to Section 8.02 hereof, shall be in fully registered form, and, except as provided in <br /> Sections 3.05 and 3.09 hereof, the Holder of a Bond shall be regarded as the absolute owner <br /> thereof for all purposes of this Indenture. <br /> The Bonds shall be negotiable instruments in accordance with the Act, and shall express <br /> the purpose for which they are issued and any other statements or legends which may be required <br /> by law. <br /> Section 3.02. Execution and Authentication of Bonds. Unless otherwise provided in the <br /> applicable Bond Resolution or Supplemental Indenture, each Bond shall be signed by the <br /> Authorized Officials (provided that either or both of those signatures may be facsimiles). In case <br /> any officer whose signature or a facsimile of whose signature shall appear on any Bond shall <br /> cease to be that officer before the issuance of the Bond, his signature or the facsimile thereof <br /> nevertheless shall be valid and sufficient for all purposes, the same as if he had remained in <br /> office until that time. Any Bond may be executed on behalf of the Issuer by an officer who, on <br /> the date of execution is the proper officer, although on the date of the Bond that person was not <br /> the proper officer. <br /> No Bond shall be valid or become obligatory for any purpose or shall be entitled to any <br /> security or benefit under this Indenture unless and until a certificate of authentication, <br /> substantially in the form set forth in Exhibit A to this Indenture, has been signed by the Trustee <br /> or by any Authenticating Agent on behalf of the Trustee. The authentication by the Trustee or by <br /> an Authenticating Agent upon any Bond shall be conclusive evidence that the Bond so <br /> authenticated has been duly authenticated and delivered hereunder and is entitled to the security <br /> and benefit of this Indenture. The certificate of the Trustee or an Authenticating Agent may be <br /> executed by any person authorized by the Trustee or Authenticating Agent, but it shall not be <br /> necessary that the same authorized person sign the certificates of authentication on all of the <br /> Bonds. <br /> Section 3.03. Source of Payment of Bonds. To the extent provided in and except as <br /> otherwise permitted by this Indenture, (i) the Bonds shall be special limited obligations of the <br /> Issuer and the Bond Service Charges thereon shall be payable equally and ratably solely from the <br /> Pledged Revenues, including but not limited to moneys and investments in the Special Funds, (ii) <br /> the payment of Bond Service Charges on the Bonds shall be secured by the assignment of <br /> Pledged Revenues hereunder and by this Indenture, and (iii) payments due on the Bonds also <br /> shall be secured by the Note. Notwithstanding anything to the contrary in the Bond Resolution, <br /> the Bonds or this Indenture, the Bonds do not and shall not represent or constitute a debt or <br /> - 19 - <br />