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EDC Packet 2.6.25
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EDC Packet 2.6.25
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Dept of Community Investment
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<br />16 <br />furnished to the Trustee evidence of such loss, theft or destruction satisfactory to the Trustee, <br />together with indemnity satisfactory to it. <br />In the event any such Bond shall have matured or been called for redemption in <br />full, instead of issuing a duplicate Bond the Issuer may pay the same without surrender thereof; <br />provided, however, that in the case of a lost, stolen or destroyed Bond, there shall be first furnished <br />to the Trustee evidence of such loss, theft or destruction satisfactory to the Trustee; together with <br />indemnity satisfactory to it. The Trustee may charge the holder or owner of such Bond with their <br />reasonable fees and expenses in this connection. Any Bond issued pursuant to this Section 2.8 shall <br />be deemed part of the original series of Bonds in respect of which it was issued and an original <br />additional contractual obligation of the Issuer. <br />Section 2.9. Registration and Exchange of Bonds: Persons Treated as Owners. <br />The Issuer shall cause books for the registration and for the transfer of the Bonds as provided in <br />this Indenture to be kept by the Trustee which is hereby constituted and appointed the registrar of <br />the Issuer. Upon surrender for transfer of any fully registered Bond at the principal office of the <br />Trustee, duly endorsed by, or accompanied by a written instrument or instruments of transfer in <br />form satisfactory to the Trustee and duly executed by the registered owner or his attorney duly <br />authorized in writing, the Issuer shall execute and the Trustee shall authenticate and deliver in the <br />name of the transferee or transferees a new fully registered Bond or Bonds of the same series and <br />the same maturity for a like aggregate principal amount. The execution by the Issuer of any fully <br />registered Bond without coupons of any denomination shall constitute full and due authorization <br />of such denomination, and the Trustee shall thereby be authorized to authenticate and deliver such <br />registered Bond. The costs of such transfer or exchange shall be borne by the Issuer. The Trustee <br />shall not be required to transfer or exchange any fully registered Bond during the period between <br />the Record Date and any interest payment date of such Bond, nor to transfer or exchange any Bond <br />after the mailing of notice calling such Bond for redemption has been made, nor during a period <br />of fifteen (15) days next preceding mailing of a notice of redemption of any Bonds. <br />As to any fully registered Bond without coupons, the person in whose name the <br />same shall be registered shall be deemed and regarded as the absolute owner thereof for all <br />purposes, and payment of principal or interest thereon, shall be made only to or upon the order of <br />the registered owner thereof or his legal representative, but such registration may be changed as <br />hereinabove provided. All such payments shall be valid and effectual to satisfy and discharge the <br />liability upon such Bond to the extent of the sum or sums so paid. <br />Section 2.10. Reserved. <br /> <br />(End of Article II)
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