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owner, which payments shall be valid and effectual to satisfy and discharge liability on this Bond <br /> to the extent of the sum or sums so paid. <br /> If the Authority shall pay or cause to be paid o there shall otherwise be paid to the <br /> registered owners of all outstanding Bonds the in t ereon, the principal thereof and the <br /> redemption premiums, if any, thereon at the ti in the manner stipulated herein and in <br /> the Indenture, then the registered owners o lcl onds shall cease to be entitled to the pledge <br /> of the Revenues as provided in the I re, and all agreements, covenants and other <br /> obligations of the Authority to the reg d owners of such Bonds under the Indenture shall <br /> thereupon cease, terminate and become void and be discharged and satisfied. <br /> This Bond shall not be entitled to any benefit, protection or security under the Indenture <br /> or become valid or obligatory for any purpose until the certificate of authentication and <br /> registration hereon endorsed shall have been manually executed and dated by the Trustee. <br /> It is hereby certified that all acts and proceedings required by law necessary to make this <br /> Bond, when executed by the Authority, authenticated and delivered by the Trustee and duly <br /> issued, the valid, binding and legal limited obligation of the Authority have been done and taken, <br /> and have been in all respects duly authorized. <br /> LA1-70382.1 7 <br />