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<br />I. <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Any Bonds issued pursuant to this Resolution may be <br />initially issued in temporary form exchangeable for definitive <br />Bonds when the same are ready for delivery, The temporary <br />Bonds may be printed, lithographed or typewritten, shall be of <br />such denominations as may be determined by the Agency, and may <br />contain references to any of the provisions of this Resolution <br />as may be appropriate, Every temporary Bond shall be executed <br />by the Agency and be issued by the Fiscal Agent upon the same <br />conditions and in substantially the same form and manner as the <br />definitive fully registered Bonds. If the Agency issues <br />temporary Bonds, it will execute and furnish definitive Bonds <br />without delay, and, thereupon, the temporary Bonds shall be <br />surrendered for cancellation at the principal office of the <br />Fiscal Agent in Los Angeles, California, or at such other place <br />in California as the Agency may approve, The Fiscal Agent <br />shall deliver in exchange for the surrendered temporary Bonds <br />an equal aggregate principal amount of definitive Bonds of <br />authorized denominations of this same issue. Until exchanged, <br />the temporary Bonds shall be entitled to the same benefits <br />under this Resolution as definitive Bonds of this same issue, <br />except no accrued interest shall be paid on the temporary Bonds <br />until the exchange has 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, his/her 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 />05-23-86 <br />1665k/2281/06 <br /> <br />-9- <br />