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<br />, <br /> <br />. <br /> <br />. <br /> <br />, r <br /> <br />Section 5. Interest. The Bonds shall bear interest at <br />a rate or rates to be hereafter fixed by resolution, but not to <br />exceed twelve percent (12%) per annum payable semiannually or <br />provided in a resolution of the Agency. Each Bond shall bear <br />interest until its principal sum has been paid; provided, <br />however, that if funds are available for the payment thereof in <br />full accordance with the terms of this Resolution, the Bond <br />shall then cease to bear interest. Interest coupons attached <br />to the Bearer Bonds shall be numbered in consecutive numerical <br />order from one (1) upwards in the order of their respective <br />maturities. Each coupon shall represent six (5) months' <br />interest. <br /> <br />{ <br /> <br />The Fully Registered Bonds shall be numbered by the <br />Fiscal Agent as the Fiscal Agent shall determine and shall be <br />dated as of the date of their authentication, except that Fully <br />Registered Bonds issued upon exchanges and transfers of Fully <br />Registered Bonds and upon exchanges of Bearer Bonds for Fully <br />Registered Bonds shall be dated so that no gain or loss of <br />interest shall result from the exchange or transfer. Each <br />Fully Registered Bond shall bear interest from the interest <br />payment date next preceding the date thereof unless (i) it is <br />dated as of an interest payment date, in which event it shall <br />bear interest from that interest payment date, or (ii) it is <br />dated prior to the first interest payment date, in which event <br />it shall bear interest from the date of the Bearer Bonds, <br />Interest on Fully Registered Bonds shall be paid by the Fiscal <br />Agent (out of the appropriate funds) by check or draft mailed <br />on the interest payment date to the registered owner as his/her <br />name and address appear on the register kept by the Fiscal <br />Agent at the close of business on the fifteenth (15th) day <br />preceding the interest payment date. <br /> <br />Section 5. Place of Payment. The Bonds, the interest <br />thereon and any premiums upon the redemption thereof prior to <br />maturity shall be payable in lawful money of the United States <br />of America and (except for interest on Fully Registered Bonds <br />which is payable by check or draft as stated above) shall be <br />payable at the corporate trust office of the Fiscal Agent in <br />Los Angeles, California, or, at the option of the Holder, at <br />the office of any Paying Agent of the Agency in New York, New <br />York or Chicago, Illinois. <br /> <br />Section 7. Forms of Bonds. The Bearer Bonds and the <br />interest coupons appertaining thereto shall be negotiable and <br />shall be substantially in the form approved resolution of the <br />Agency and the Fully Registered Bonds shall be substantially in <br />the form approved by resolution of the Agency (Fully Registered <br />Bond) . <br /> <br />Any Bonds issued pursuant to this Resolution may be <br />initially issued in temporary form exchangeable for definitive <br /> <br />02-22-83 <br />4141P/2305/00 <br /> <br />SA <br /> <br />-7- ,4~.,2 'I- <br />