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Cont. (part 1)
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Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
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Cont. (part 1)
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ending on such date of selection, or (2) which has been selected for redemption in whole or <br /> in part. <br /> The Authority and the Trustee may deem and treat the registered owner <br /> hereof as the absolute owner hereof for the purpose of receiving payment of the interest <br /> hereon and principal hereof and for all other purposes, whether or not this Bond shall be <br /> overdue, and neither the Authority nor the Trustee shall be affected by any notice or <br /> knowledge to the contrary; and payment of the interest on and principal of this Bond shall <br /> be made only to such registered owner, which payments shall be valid and effectual to <br /> satisfy and discharge liability on this Bond to the extent of the sum or sums so paid. <br /> The rights and obligations of the Authority and of the registered owners of <br /> the Bonds may be amended at any time in the manner, to the extent and upon the terms <br /> provided in the Indenture, but no such amendment shall (1) extend the maturity of this <br /> Bond or reduce the interest rate hereon or otherwise alter or impair the obligation of the <br /> Authority to pay the interest hereon or principal hereof at the time and place and at the rate <br /> and in the currency provided herein without the express written consent of the registered <br /> owner of this Bond, or (2) permit the creation by the Authority of any pledge of the <br /> Revenues superior to or on a parity with the pledge created by the Indenture for the benefit <br /> of the Bonds, (3) increase the aggregate amount of Bonds issued under the Indenture above <br /> the value of the Leased Property or (4) modify any rights or obligations of the Trustee <br /> without its prior written assent thereto, all as more fully set forth in the Indenture. <br /> If the Authority shall pay or cause to be paid or there shall otherwise be paid <br /> to the registered owners of all outstanding Bonds the interest thereon, the principal thereof <br /> and the redemption premiums, if any, thereon at the times and in the manner stipulated <br /> herein and in the Indenture, then the registered owners of such Bonds shall cease to be <br /> entitled to the pledge of the Revenues as provided in the Indenture, and all agreements, <br /> covenants and other obligations of the Authority to the registered owners of such Bonds <br /> under the Indenture shall thereupon cease, terminate and become void and be discharged <br /> and satisfied. <br /> This Bond shall not be entitled to any benefit, protection or security under <br /> the Indenture or become valid or obligatory for any purpose until the certificate of <br /> authentication and registration hereon endorsed shall have been manually executed and <br /> dated by the Trustee. <br /> It is hereby certified that all acts and proceedings required by law necessary <br /> to make this Bond, when executed by the Authority, authenticated and delivered by the <br /> Trustee and duly issued, the valid, binding and legal limited obligation of the Authority <br /> have been done and taken, and have been in all respects duly authorized. <br /> LA1-63221.5 A-1-5 <br />
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