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1990-12-17 Resolution 26
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1990-12-17 Resolution 26
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7/17/2008 2:02:19 PM
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Authority or the Trustee, may bear the same or a different serial <br />number, be marked "Duplicate," or be otherwise distinguished. In <br />case of destruction, theft or loss, the applicant for a substituted <br />Bond shall furnish to the Authority and said Trustee evidence of <br />the destruction of such Bond so destroyed, which evidence must be <br />satisfactory to the Authority and said Trustee, in their <br />discretion, and said applicant shall also furnish indemnity <br />satisfactory to both of them in their discretion.. The Authority <br />shall have the right to require the payment of the expense of <br />issuing such replacement prior to the delivery of a new Bond. <br />Sec. 2.07. The Trustee .shall keep, at its principal <br />office, a record for the registration of Bonds issued hereunder <br />which shall, at all reasonable times, be open for inspection by the <br />Authority. <br />Each registered Bond shall be transferable only on such record <br />at the principal office of the Trustee., at the written request of <br />the registered owner thereof or his attorney duly authorized in <br />writing, upon surrender thereof, together with a written instrument <br />of transfer satisfactory to the Trustee duly executed by the <br />registered owner or his duly authorized attorney. <br />Sec. 2.08. The Authority and the Trustee may deem and <br />treat the person in whose name any Bond issued hereunder shall be <br />registered as the absolute owner of such Bond for the purpose of <br />• receiving payment of or on account of the principal of said Bond, <br />and for all other purposes whatsoever. <br />Sec. 2.09. Registered owners of Bonds may, upon surrender <br />thereof at the principal office of the Trustee with a written <br />instrument of transfer satisfactory to the Trustee, exchange a Bond <br />or Bonds for a Bond or Bonds of equal aggregate principal amount <br />of the same maturity and interest rate of any authorized <br />denominations. For .every exchange or transfer of Bonds, the <br />Trustee may make a charge sufficient to reimburse it for any tax, <br />fee or other governmental charge required to be paid with respect <br />to such exchange or transfer, which shall be paid by the person <br />requesting such exchange or transfer as a condition precedent to <br />the exercise of the privilege of making such exchange or transfer. <br />The cost of preparing each new Bond upon each exchange or transfer, <br />and any other expenses of the Trustee incurred in connection <br />therewith (except any applicable tax, fee or other governmental <br />charge) shall be paid by the Authority. The Trustee shall not be <br />obliged to make any transfer or exchange of any Bond called for <br />redemption within thirty days of .the redemption date. <br />-12- <br />
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