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<br />. <br /> <br />. <br /> <br />. <br /> <br />Bends 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 del2vered 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 />issued pursuant to this Resolution shall be of a denomination <br />which is $5,000 or a whole multiple thereof and shall be of the <br />same issue. <br /> <br />Section 10. Bond Register. The Fiscal Agent will keep at <br />its principal office in the City of Los Angeles, California, or <br />at such other place in California as the Agency may approve, <br />sufficient books for the registration and transfer of the <br />Bonds. The books shall at all times be open to inspection by <br />the Agency; and, upon presentation for such purpose, the Fiscal <br />Agent shall under such reasonable regulations as it may <br />prescribe, ~egister or transfer, or cause to be registered or <br />transferred, on the register, the Bonds as hereinbefore <br />provided. <br /> <br />Section 11. Call and Redemption and Purchase of Bonds' <br />Prior to Maturity. The Bonds maturing on or before November 1, <br />1990, are not subject to call and redemption prior to maturity. <br /> <br />A. Optional Redemption. The Bonds maturing on or <br />after November 1, 1991, may be called before maturity and <br />redeemed at the option of the Agency, in whole from the <br />proceeds of refunding bonds and other available funds, or in <br />whole or in part from any other source of funds, on November l, <br /> <br />0715p/2281/04 <br /> <br />-8- <br />