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<br />Notice of redemption shall be given by mailing a copy thereof by first class mail, postage prepaid, at least 30 days
<br />prior to the date fIXed for redemption to the registered owner of each Bond to be redeemed in whole or in part at the
<br />address of such owner on the Bond Register; provided, however, that failure to give such notice, or any defect
<br />therein, shall not affect the validity of the proceedings for the redemption of any Bond or portion thereof with
<br />respect to which no such failure or defect has occurred. Any notice mailed as provided in this Section 2.04 shall be
<br />conclusively presumed to have been duly given, whether or not the registered owner receives the notice. Prior to the
<br />date fixed for redemption, the Authority shall deposit, or cause to be deposited, with the Paying AgentlRegistrar,
<br />funds sufficient to pay in full the principal of all Bonds or portions thereof called for redemption, together with
<br />accrued interest thereon to the redemption date. Any Bond or Bonds duly called for redemption, due provision for
<br />the full payment of which has been timely made, shall cease to bear interest from and after the date fIXed for
<br />redemption. .
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<br />2.05. Transfers and Exchane:es. The Authority shall cause to be kept at the principal office of the Paying
<br />AgentlRegistrar a register (the "Bond Register") in which, subject to such reasonable regulations as the Authority
<br />and the Paying AgentlRegistrar may prescribe, registration of the Bonds and transfers of the Bonds shall be made as
<br />provided herein. Upon surrender for transfer of any Bond at the principal office of the Paying AgentlRegistrar, the
<br />Authority shall execute and the Paying AgentlRegistrar shall authenticate and deliver, in the name of the designated
<br />transferee or transferees, one or more new Bonds of the same maturity, of any authorized denominations, bearing the
<br />same rate of interest and of a like aggregate principal amount. At the option of the registered owner of any Bond, it
<br />may be exchanged for other Bonds of the same maturity, of any authorized denominations, bearing the same rate of
<br />interest, and of like aggregate principal amount, upon surrender of the Bond to be exchanged at the principal office
<br />of the Paying Agent/Registrar. Whenever any Bond is so surrendered for exchange, the Authority shall execute, and
<br />the Paying Agent/Registrar shall authenticate and deliver, the Bonds which the registered owner of the Bond making
<br />the exchange is entitled to receive. All Bonds issued upon any transfer or exchange of any Bond shall be the valid
<br />obligations of the Authority, evidencing the same debt and entitled to the same benefits under this Resolution, as the
<br />Bond surrendered upon such transfer or exchange. Every Bond presented or surrendered for transfer or exchange
<br />shall be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Paying
<br />AgentlRegistrar duly executed, by the registered owner thereof or his attorney duly authorized in writing. No
<br />service charge shall be made to the registered owner for any registration, transfer or exchange of Bonds, but the
<br />Authority or the Paying AgentJRegistrar may require payment of a sum sufficient to cover any tax or other
<br />governmental charge that may be imposed in connection with any transfer or exchange of Bonds. Neither the
<br />Authority nor the Paying AgentlRegistrar shall be required to transfer or exchange any Bond during the period of IS
<br />days next preceding any interest payment date or to transfer or exchange any Bond during the 3D-day period prior to
<br />the date set for redemption of such Bond.
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<br />2.06. Book-Entrv Only System. It is intended that the Bonds initially be registered so as to participate in a
<br />securities depository system (the "DTC System") with The Depository Trust Company, New York, New York, or
<br />any successor entity thereto ("DTC"), as set forth herein. The defmitive Bonds shall be issued in the form of a
<br />separate single definitive Bond for each maturity. Upon issuance, the ownership of each such Bond shall be
<br />registered in the name of Cede & Co., as the nominee of DTC, and all of the outstanding Bonds shall be registered in
<br />the name of Cede & Co., as the nominee of DTC. The Authority and the Paying AgentlRegistrar are authorized to
<br />execute, deliver, and take the actions set forth in such letters to or agreements with DTC as shall be necessary to
<br />effectuate the DTC System, including a "Letter of Representation" (the "Representation Letter").
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<br />With respect to the Bonds registered in the name of Cede & Co., as nominee of DTC, the Authority and the
<br />Paying Agent/Registrar shall have no responsibility or obligation to any broker-dealer, bank, or other financial
<br />institution for which DTC holds the Bonds from time to time as securities depository (a "Depository Participant") or
<br />to any person on behalf of whom such a Depository Participant holds an interest in the Bonds (an "Indirect
<br />Participant"). Without limiting the immediately preceding sentence, the Authority and the Paying AgentlRegistrar
<br />shall have no responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co., or any
<br />Depository Participant with respect to any ownership interest in the Bonds, or (ii) the delivery to any Depository
<br />Participant or any Indirect Participant or any other Person, other than a registered owner of a Bond, of any amount
<br />with respect to principal of, premium, if any, or interest on the Bonds. While in the DTC System, no person other
<br />than Cede & Co., or any ~uccessor thereto, as nominee for DTC, shall rec~ive a Bond evidencing the obligation of
<br />the Authority to make payments of principal, premium, if any, and interest pursuant to this Resolution. Upon
<br />delivery by DTC to the Paying Agent/Registrar of written notice to the effect that DTC has determined to substitute
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