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<br />e <br /> <br />e <br /> <br />any Bond at the principal office of the Paying <br />Agent/Registrar, the Authority shall execute and the Paying <br />Agent/Registrar shall authenticate and deliver, in the name <br />of the designated transferee or transferees, one or more new <br />Bonds of the same maturity, of any authorized denominations, <br />bearing the same rate of interest and of a like aggregate <br />principal amount. At the option of the registered owner of <br />any Bond, it may be exchanged for other Bonds of the same <br />maturity, of any authorized denominations, bearing the same <br />rate of interest, and of like aggregate principal amount, <br />upon surrender of the Bond to be exchanged at the principal <br />office of the Paying Agent/Registrar. Whenever any Bond is <br />so surrendered for exchange, the Authority shall execute, <br />and the Paying Agent/Registrar shall authenticate and <br />deliver, the Bonds which the registered owner of the Bond <br />making the exchange is entitled to receive. All Bonds <br />issued upon any transfer or exchange of any Bond shall be <br />the valid obligations of the Authority, evidencing the same <br />debt and entitled to the same benefits under this <br />Resolution, as the Bond surrendered upon such transfer or <br />exchange. Every Bond presented or surrendered for transfer <br />or exchange shall be duly endorsed, or be accompanied' by a <br />written instrument of transfer in form satisfactory to the <br />Paying Agent/Registrar duly executed, by the registered <br />owner thereof or his attorney duly authorized in writing. <br />No service charge shall be made to the registered owner for <br />any registration, transfer or exchange of Bonds, but the <br />Authority or the Paying Agent/Registrar may require payment <br />of a sum sufficient to cover any tax or other governmental <br />charge that may be imposed in connection with any transfer <br />or exchange of Bonds. Neither the Authority nor the Paying <br />Agent/Registrar shall be required to transfer or exchange <br />any Bond during the period of 15 days next preceding any <br />interest payment date or to transfer or exchange any Bond <br />during the 30-day period prior to the date set for <br />redemption of such Bond. <br /> <br />2.06. Ownership of the Bonds. The Authority, the <br />Paying Agent/Registrar and any other person may treat the <br />individual, firm or corporation in whose name any Bond is <br />registered on the Bond Register as the absolute owner of <br />such Bond for the purpose of making and receiving payment of <br />the principal thereof and interest thereon and for all other <br />purposes, whether or not such Bond is overdue, and neither <br />the Authority nor the Paying Agent/Registrar shall be bound <br />by any notice or knowledge to the contrary. All payments <br />. made to any such person, firm or corporation deemed to be <br />the owner of any Bond in accordance with this Section 2.06 <br />shall be valid and effectual and shall discharge the <br /> <br />038DESAJ/024C02 <br /> <br />-8- <br />