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1994-06-21 Minutes
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1994-06-21 Minutes
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denomination as that mutilated, lost, stolen or destroyed and <br />• bearing a number not contemporaneously outstanding; provided that, <br />in the case of any mutilated Bond, such mutilated Bond shall first <br />be surrendered to the Authority, and in the case of any lost, <br />stolen or destroyed Bond, there shall be first furnished to the <br />Authority, the Trustee and the Tender Agent, if it is acting as <br />Bond Registrar, evidence of such loss, theft or destruction <br />satisfactory to the Authority, the Trustee and the Tender Agent, <br />together with indemnity satisfactory to them. In the event any <br />such Bond shall have matured or been called for redemption, instead <br />of issuing a duplicate Bond the Authority may pay the same without <br />surrender thereof. The Authority, the Trustee and the Tender Agent <br />may charge the holder or owner of such Bond with their reasonable <br />fees and expenses in this connection. <br />In the event that sufficient moneys are on deposit with <br />the Trustee or the Tender Agent to pay the applicable purchase <br />price of any Tendered Bond as provided herein, such Tendered Bond <br />shall be deemed to have been purchased whether or not delivered by <br />the owner thereof on the date such Tendered Bond is to be <br />purchased. In the event any such purchased Tendered Bond is not <br />so delivered, the Authority shall execute and the Trustee as to any <br />Bond bearing interest at a Fixed Rate, and the Trustee or the <br />Tender Agent as to any Bond bearing interest at a Weekly Rate or <br />an Adjustable Long Rate, shall authenticate and deliver .a <br />replacement Bond of like date, Maturity and denomination as the <br />• Tendered Bond and bearing a number not contemporaneously <br />outstanding. In the event any such purchased Tendered Bond is so <br />delivered, the Trustee or the Tender Agent, as the case may be, <br />shall register such Tendered Bond as provided in Section 508(b) <br />hereof. <br />All duplicate Bonds issued and authenticated pursuant to <br />this Section 207 shall constitute original, contractual obligations <br />of the Authority (whether or not, in the case of the first <br />paragraph of this Section 207, lost, stolen or destroyed Bonds be <br />at any time found by anyone) and shall be entitled to equal and <br />proportionate rights and benefits hereunder as all other <br />outstanding Bonds issued hereunder. <br />All Bonds shall be owned upon the express condition that <br />the foregoing provisions, to the extent permitted by law, are <br />exclusive with respect to the replacement or payment of mutilated, <br />destroyed, lost, stolen or purchased Bonds, and shall preclude any <br />and all other rights or remedies. <br />Section 208. Transfer and Exchange of Bonds; Persons <br />Treated as Owners. (a) The Authority shall cause books for the <br />registration and for the transfer of the Bonds as provided in this <br />Indenture to be kept by the Trustee which is hereby constituted and <br />appointed the Registrar for purposes of this Indenture and by any <br />~ Co-Registrar designated by the Trustee. At reasonable times and <br />24 <br />
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