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Section 8.02. S~ccessor is Deemed Included in All References to Predecessor . Wbe~er in th~'Resolution or any SuD-~em~al )~esolution -~'~ther the City or the Bank is named or referred to, such reference shall be deemed to include the s*uccessors or assigns thereof, and ell the covenants end agreements in this Resolution contained by or on behalf of the City or the Sank shall bind and inure to the benefit of the respective successors and assigns thereof whether so expressed or not. Section 8.03 . Discharge of Resolution . If the City shall pay and discha~'ge' the entire indebtedness On the Note Outstanding in any one or more of the following ways: (a) by well and truly paying or causing to be paid the principal or and interest on the Note Outstanding, as and when the s~me become due and payabl e; or (b) by depositing with the Sank, in trust, at or before maturity, money which is fully sufficient to pay the Note Outstandinq, includinq ell principal and interest; then, at the election of the City and notwithstandino that the Note shall not have been surrendered for payment, the pledge of the Revenues end other funds provided for in this Resolution and all other oblt(letions of the City and the Participating Party under this Resolution with respect to the Note Outstandino shall cease and terminate. Notice of such election shall be filed with the Bank. Section 8.04 . Execution of Documents end Proof of Ownership bv Sank . Any request, declaration or other instrument which this Resolution may require or permit to be executed by the Sank may be in one or more instruments of similar tenor, and shall be executed by an officer of the Sank or by its attorneys appointed in writing. Except as otherwise herein expressly provided the ownership of the Note and the ~ount, number and date of holding the s~ne shall be proved by the registry books. Section 8.05 . Waiver of Personal Liability'. No member, officer, agent or employee of the City shall be individually or personally liable for the payment of the principal of or interest on the Note; but nothing he,ein contained shall relieve any such m~nber, officer, apent or employee from the performance of any official duty provided by law. Section 8.06 . Destruction of Cancelled Note . Whenever in this Resolution provision ism~e for the surrender to the City of the Note which has been paid or cancelled pursuant to the provisions of this Resolution, a certificate of destruction duly executed by the Bank shall he deemed to he the equivalent of the surrender of such cancelled Note and the City shall be entitled to rely upon any statement of fact contained in any certificate with respect to the destruction of the Note therein referred to. Section 8.07 . Notice and Demands on City . Any notice or demand which by any provision of this Resolution is required or permitted to be qiven or served to or on the City may be qiven or served by beinq deposited Dostaoe prepaid in a post office letter box addressed (until another address is filed by the City with the Bank) as follows: City Nanaqer, City of Santa Aha, 70 Civic Center Plaza, Santa Ana, California 92701. Section 8.08 . Partial Invalidity . If any Section, oarauranh, sentence, clause or phrase of this Resolution shall for any reason bo held illegal or unenforceable, such holding shall not affect the validity o¢ the re~aining portions of this Resolution. The City hereby declares that it would have adopted this Resolution and each and every other Section, paraoraph, sentence, clause or phrase hereof and authorized the issue of the Note pursuant thereto irrespective of the fact that any one or more Sections, paragraphs, sentences, clauses or phrases of this Resolution may be held illegal, invalid or unenforceable. If, by reason of the judq, nent of any court, the Bank is rendered unable to perform its duties hereunder, all such duties and all of the rights and powers of the Bank hereunder shall be assumed by and vest in the Treasurer in trust for the benefit of the Bank. The City 11