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<br />. <br /> <br />. <br /> <br />. <br /> <br />Agent without action of the Agency. The Fiscal Agent may <br />become the owner of any of the Bonds authorized by this <br />Resolution with the same rights it would have had if it were <br />not the Fiscal Agent. <br /> <br />The Fiscal Agent shall have no duty or obligation to <br />enforce the collection of or to exercise diligence in the <br />enforcement of the collection of funds assigned to it <br />hereunder, or as to the correctness of any amounts received, <br />but its liability shall be limited to the proper accounting for <br />the funds that it actually receives. <br /> <br />The recitals of fact and all promises, covenants and <br />agreements herein and in the Bonds shall be taken as <br />statements, promises, covenants and agreements of the Agency, <br />and the Fiscal Agent assumes no responsibility for the <br />correctness of them, and makes no representations as to the <br />validity or sufficiency of this Resolution or of the Bonds, and <br />shall incur no responsibility in respect thereof, other than in <br />connection with the duties or obligations herein or in the <br />Bonds assigned to or imposed upon the Fiscal Agent. The Fiscal <br />Agent shall not be liable in connection with the performance of <br />its duties hereunder, except for its own negligence or willful <br />misconduct. The Agency shall provide written notice to the <br />Bank of the resignation or removal of the Fiscal Agent and of <br />any appointment of a successor thereto. <br /> <br />Section 21. Lost, Stolen, Destroyed or Mutilated Bonds. <br />In the event that any Bond is lost, stolen, destroyed or <br />mutilated, the Agency will cause to be issued a new Bond(s) on <br />reasonable terms and conditions, including the payment of costs <br />and the posting of a surety bond if the Agency deems a surety <br />bond necessary, as may from time to time be determined and <br />prescribed by resolution. The Agency may authorize the new <br />Bond to be signed and authenticated in a manner as it <br />determines in the resolution. <br /> <br />Section 22. Cancellation of Bonds. All Bonds <br />surrendered to the Fiscal Agent for payment at maturity or, in <br />the case of call and redemption prior to maturity, at the <br />redemption date, shall upon payment therefor be cancelled <br />immediately and destroyed by the Fiscal Agent unless otherwise <br />directed by the Agency. If Bonds are destroyed a certificate <br />of destruction shall forthwith be transmitted to the <br />Treasurer. Any Bonds purchased by the Fiscal Agent shall be <br />cancelled immediately and transmitted to the Treasurer or <br />destroyed. All of the cancelled Bonds not destroyed shall <br />remain in the custody of the Treasurer until destroyed pursuant <br />to due authorization. <br /> <br />Section 23. Amendments. This Resolution, and the rights <br />and obligations of the Agency and of the Owners of the Bonds <br />may be modified or amended at any time by supplemental <br />resolution adopted by the Agency, but only with the prior <br /> <br />12-02-85 <br />9559p/228l/01 <br /> <br />-31- <br />