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1998-10-19 Resolution 130
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1998-10-19 Resolution 130
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7/16/2008 2:35:48 PM
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{ ~ if <br />• Signature Guarantee: <br />NOTICE: Signature(s) must be guaranteed <br />by an eligible guarantor institution parti- <br />cipating in a Securities Transfer Association <br />recognized signature guarantee program. <br />(End of Bond Form) <br />Section 2.05. The Bonds so executed by the Authority and authenticated by the <br />Trustee shall be delivered by the Trustee to the purchasers thereof in the amount, at the time, and <br />upon the payment of the purchase price thereof, as requested in writing by the Authority. <br />Section 2.06. In case any Bond issued under this Agreement shall become mutilated <br />or be destroyed, stolen or lost, the Authority, in its discretion, may issue, and thereupon said Trustee <br />shall certify and deliver in exchange for and in place and upon cancellation of the mutilated Bond, <br />or in lieu of and substitution for the same if destroyed, stolen or lost, a new Bond of like <br />denomination and tenor, but which, in the discretion of the Authority or the Trustee, may bear the <br />same or a different serial number, be marked "Duplicate," or be otherwise distinguished. In case of <br />destruction, theft or loss, the applicant for a substituted Bond shall furnish to the Authority and said <br />Trustee evidence of the destruction of such Bond so destroyed, which evidence must be satisfactory <br />• to the Authority and said Trustee, in their discretion, and said applicant shall also furnish indemnity <br />satisfactory to both of them in their discretion. The Authority shall have the right to require the <br />payment of the expense of issuing such replacement prior to the delivery of a new Bond. <br />Section 2.07. The Trustee shall keep, at its principal office, a record for the <br />registration of Bonds issued hereunder which shall, at all reasonable times, be open for inspection <br />by the Authority. <br />Each registered Bond shall be transferable only on such record at the principal office <br />of the Trustee, at the written request of the registered owner thereof or his attorney duly authorized <br />in writing, upon surrender thereof, together with a written instrument of transfer satisfactory to the <br />Trustee duly executed by the registered owner or his duly authorized attorney. <br />Section 2.08. The Authority and the Trustee may deem and treat the person in whose <br />name any Bond issued hereunder shall be registered as the absolute owner of such Bond for the <br />purpose of receiving payment of or on account of the principal of said Bond, and for all other <br />purposes whatsoever. <br />• <br />::ODMA\PCDOCS\SBDOCSI\24203\2 -12- <br />
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