1983-13 CRA - Laserfiche WebLink

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I. , . . . '.1 . As to Fully Registered Bonds, the Fiscal Agent shall authenticate them on registration and/or exchange to effectuate the registration and exchange provisions set forth in Section 9, and only those Bonds that have endorsed on them a certificate of authentication, substantially in the form set forth in Exhibit B, duly executed by the Fiscal Agent, shall be entitled to any rights, benefits or security under this Resolution. No Fully Registered Bonds shall be valid or obligatory for any purpose unless and until the certificate of authentication has been duly executed by the Fiscal Agent. The certificate of the Fiscal Agent, upon any Fully Registered Bond shall be conclusive and the only evidence that the Fully Registered Bond has been duly authenticated and delivered under this Resolution. The Fiscal Agent's certificate of authentication _on any Fully Registered Bond shall be deemed to have been duly executed if signed by an authorized officer of the Fiscal Agent, but it shall not be necessary that the same officer sign the certificate of authentication on all of the Fully Registered Bonds that may be issued hereunder. Section 9. Types of Bonds, Registration and Exchange. Two forms of Bonds have been provided: (1) those which shall be initially issued and which are in negotiable form, payable to bearer with negotiable coupons (herein sometimes referred to as "Bearer Bonds"), and (2) those which are issued to facilitate registration and so are issued as Fully Registered Bonds payable to the registered owner (herein sometimes referred to as "Fully Registered Bonds"). The Bearer Bonds are not registrable by endorsement, but may be exchanged for Fully Registered Bonds as provided herein. A Bearer Bond or Bearer Bonds may be registered by exchanging the same for a Fully Registered Bond or Fully Registered Bonds, as the case may be. A Bearer Bond or Bearer Bonds and a Fully Registered Bond or Fully Registered Bonds may be exchanged in whole for Bearer Bonds or in part for such Bearer Bonds and the balance for Fully Registered Bonds. Transfer of ownership of a Fully Registered Bond or Fully Registered Bonds shall be made by exchanging the same for a new Fully Registered Bond or Fully Registered Bonds. All exchanges shall be made in such a manner and upon such reasonable terms and conditions as may be determined and prescribed by the Agency; provided, however, no such exchange shall be made between the fifteenth (15th) day preceding any interest payment date and the interest payment date. The person, firm or corporation requesting the exchange shall pay any costs or charges in connection with the exchange as are established by the Fiscal Agent, in addition to paying any tax or governmental charge that may be imposed in connection with the exchange. Each Bearer Bond issued pursuant to this Resolution shall be of a denomination which is $5,000 or a whole multiple thereof and shall be of the same issue. Section 10. Bond Register. The Fiscal Agent will keep at its principal office in the City of Los Angeles, California, \ 2~ 05-01-83 4439P/2306/00 -9- ¡:}-~{)