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<br />. <br /> <br />. <br /> <br />. <br /> <br />authentication has been duly executed by the Fiscal Agent. The <br />certificate of the Fiscal Agent upon any Bond shall be <br />conclusive and the only evidence required that the Bond has <br />been duly authenticated and delivered under this Resolution. <br />The Fiscal Agent's certificate of authentication on any Bond <br />shall be deemed to have been duly executed if signed by an <br />authorized officer of the Fiscal Agent, but it shall not be <br />necessary that the same officer sign the certificate of <br />authentication on all of the Bonds that may be issued hereunder. <br /> <br />Section 9, Registration and Exchange of Bonds. The <br />Bonds 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 an integral multiple thereof and shall be of <br />the same issue. <br /> <br />Section 10. Bond Register. The Fiscal Agent shall cause <br />the Paying Agent to keep at its principal office in New York, <br />New York, or at such other place in California as the Agency <br />may approve, sufficient books for the registration and transfer <br />of the Bonds and, upon presentation for such purpose, the <br />Fiscal Agent shall under such reasonable regulations as it may <br />prescribe, register or transfer, or cause to be registered or <br />transferred, on the register, the Bonds as hereinbefore <br />provided. The registered books shall at all times be open to <br />inspection by the Agency and the Bank. <br /> <br />Section 11. Call, Redemption and Purchase of Bonds <br />Prior to Maturity. <br /> <br />A. <br />as follows: <br /> <br />Redemption. <br /> <br />The Bonds are subject to redemption <br /> <br />(1) Except as provided in Subsection 5 of this <br />Section, the Bonds maturing on December 15, 1986 through <br />December 15, 1990 are not subject to call or redemption <br />prior to their respective maturities. <br /> <br />(2) The Term Bonds and Special Term Bonds are <br />subject to mandatory purchase on each Reset Date and shall <br />be redeemed 30 days thereafter in the event that the <br />Remarketing Agent is unable to remarket the Bonds in <br />accordance with the requirements of this Resolution and the <br />Remarketing Agreement. The Bonds shall be redeemed at a <br /> <br />12-02-85 <br />9564p/2281/01 <br /> <br />-14- <br />