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<br />. <br /> <br />. <br /> <br />. <br /> <br />California, or at such other place in California as the Agency <br />may approve. The Fiscal Agent shall deliver in exchange for <br />the surrendered temporary Bonds an equal aggregate principal <br />amount of definitive Bonds of authorized denominations of this <br />same issue. Until exchanged, the temporary Bonds shall be <br />entitled to the same benefits under this Resolution as <br />definitive Bonds of this same issue, except no accrued interest <br />shall be paid on the temporary Bonds until the exchange has <br />been accomplished. <br /> <br />Section 8. Execution of Bonds. The Bonds shall be signed <br />on behalf of the Agency by its Chairman by facsimile signature <br />and by its Secretary by facsimile signature, and the seal of <br />the Agency shall be impressed, imprinted or reproduced <br />thereon. The foregoing officers are hereby authorized and <br />directed to sign the Bonds in accordance with this Section. If <br />any Agency member or officer whose facsimile signature appears <br />on the Bonds ceases to be a member or officer before delivery <br />of the Bonds, hisjher signature is as effective as if he or she <br />had remained in office. <br /> <br />The Fiscal Agent shall authenticate the Bonds on <br />registration and/or exchange to effectuate the registration and <br />exchange provisions set forth in Section 9, and only those <br />Bonds that have endorsed on them a certificate of <br />authentication, substantially in the form set forth in the form <br />of Bond, duly executed by the Fiscal Agent, shall be entitled <br />to any rights, benefits or security under this Resolution. No <br />Bonds shall be valid or obligatory for any purpose unless and <br />until the certificate of authentication has been duly executed <br />by the Fiscal Agent. The certificate of the Fiscal Agent upon <br />any Bond shall be conclusive and the only evidence required <br />that the Bond has been duly authenticated and delivered under <br />this Resolution. The Fiscal Agent's certificate of <br />authentication on any Bond shall be deemed to have been duly <br />executed if signed by an authorized officer of the Fiscal <br />Agent, but it shall not be necessary that the same officer sign <br />the certificate of authentication on all of the Bonds that may <br />be issued hereunder. <br /> <br />Section 9. Registration and Exchange of Bonds. The Bonds <br />shall be issued only in fully registered form. Fully <br />registered Bonds may be exchanged for other Bonds of equal <br />aggregate denominations. Transfer of ownership of a Bond or <br />Bonds shall be made by exchanging the same for a new Bond or <br />Bonds. All exchanges shall be made in such a manner and upon <br />such reasonable terms and conditions as may be determined and <br />prescribed by the Agency. The person, firm or corporation <br />requesting the exchange shall pay any costs or charges in <br />connection with the exchange as are established by the Fiscal <br />Agent, in addition to paying any tax or governmental charge <br />that may be imposed in connection with the exchange. Each Bond <br /> <br />11-30-84 <br />1282p/2281/04 <br /> <br />-8- <br />