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1992-09-10 Resolution 64
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1992-09-10 Resolution 64
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7/23/2008 2:11:07 PM
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<br />The interest on the Bonds shall be payable by check or draft <br />mailed one business day prior to the interest payment date to the <br />person in whose name each Bond is registered on the fifteenth day <br />of the month preceding such interest payment date. The principal <br />of, and premium on, the Bonds shall be payable upon presentment and <br />surrender thereof in lawful money of the United States of America, <br />at the principal office of the Trustee in the City of South Bend, <br />Indiana. <br />All Bonds shall be cancelled upon their payment by the <br />Trustee. The Trustee shall dispose of such Bonds as permitted by <br />law and furnish to the Authority a certificate of their disposal, <br />signed by an authorized officer of the Trustee. <br />Sec. 2.02. The Bonds shall be executed in the name of the <br />Authority by the facsimile signature of the President of its Board <br />and attested by the facsimile signature of the Secretary-Treasurer <br />of the Board. In case any official whose facsimile signature <br />appears on the Bonds, shall cease to be such officer before the <br />Bonds shall be duly issued and delivered, such Bonds shall, <br />nevertheless, be the Bonds of the Authority and in all respects <br />binding and obligatory upon it to the same extent as if signed by <br />the officers of the Authority at the date of the actual issuance <br />and delivery thereof. <br />Sec. 2.03. Each of the Bonds shall be authenticated by a <br />certificate of the Trustee endorsed thereon substantially in the <br />form hereinafter set forth. Only such Bonds as shall bear thereon <br />the certificate of the Trustee shall be secured by this Agreement <br />or entitled to any lien or benefit hereunder, and the certificate <br />of the Trustee upon any such Bond executed by the Authority shall <br />be conclusive evidence that the Bond so authenticated has been duly <br />issued hereunder and is entitled to the benefits of the trust <br />hereby created. <br />Sec. 2.04. The form of said Bonds, the Trustee's <br />certificate to be endorsed thereon, and the registration <br />endorsement (with appropriate insertions of amounts and <br />distinguishing numbers and letters), shall be substantially as <br />followse <br />-6- <br />
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