Regarding Issurance of economic development revenue refunding bonds Regency Place Project

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r r y thereof. The Trustee may charge the holder or owner of such Bond with its reasonable fees and expenses in connection with such replacement. Section 206. Transfer of Registration and Exchange of Bonds; Persons Treated as Owners. The Trustee is hereby appointed Bond Registrar and shall cause a register (herein sometimes referred to as the "Bond Register") to be kept for the registration of Bonds and the registration of transfers of Bonds. The registration of any Bond may be transferred only upon an assignment duly executed by the registered holder or his duly authorized representative in such form as shall be satisfactory to the Trustee, and upon surrender of such Bond to the Trustee for cancellation. Whenever any Bond or Bonds shall be surrendered for registration of transfer, the Issuer shall execute and the Trustee shall authenticate and deliver to the transferee a new Bond or Bonds of like_maturity of authorized denomination or denominations and for the aggregate principal amount of such Bond or Bonds so surrendered. In the case of the transfer of any Bond pursuant to the preceding paragraph, any Bond may be exchanged at the office of the Trustee, for a new Bond or Bonds, of any authorized denomination or denominations and for the aggregate principal amount of such Bond then remaining Outstanding. In all cases in which the registration of Bonds shall be transferred and Bonds shall be exchanged hereunder, the Trustee may make a charge sufficient to reimburse it for any tax, fee or other governmental charge required to be paid with respect to such transfer or exchange. The Trustee shall not be required to transfer any Bond after the mailing of notice calling such Bond for redemption has been made. The Person in whose name any Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes and payment of or on account of the principal of and interest on, and premium, if any, on any such Bond shall be made only to or upon the order of such person thereof, or his legal representative, and neither the Issuer nor the Trustee shall be affected by any notice to the contrary. 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 to be paid. Section 207. Temporary Bonds. Until definitive Bonds are ready for delivery, there may be executed, and upon the written request of the Issuer, the Trustee shall authenticate and deliver, in lieu of definitive Bonds, one or more temporary typewritten, printed, engraved or lithographed Bonds, in any appropriate denomination, in fully registered form, and of substantially the tenor hereinabove set forth and with such appropriate omissions, insertions and variations as may be required. If temporary Bonds shall be issued, the Issuer shall cause the definitive Bonds to be prepared and to be executed and delivered to the Trustee, and the Trustee, upon presentation to it at its principal corporate trust office of any temporary Bond, shall cancel the same and 3152.1 15