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agents. Payment of interest on any Bond shall be made to such person as is the Registered Owner
<br />thereof on the Regular Record Date, or the Special Record Date, as the case may be, and shall be
<br />paid by check or draft mailed to such person as is the Registered Owner on the Regular Record
<br />Date or the Special Record Date, as the case may be, at his address as it appears on the
<br />registration books of the Issuer. Interest shall also be payable by wire transfer to an account in a
<br />domestic financial institution designated in writing to the Trustee on or before the appropriate
<br />record date, upon request by, and at the expense of, a Registered Owner of at least $1,000,000 in
<br />initial aggregate principal amount of the Bonds.
<br />(f) The Trustee is hereby designated and agrees to act as Bond Registrar and paying
<br />agent for and in respect to the Bonds.
<br />Section 2.03 Execution; Limited Obligation. The Bonds shall be executed on behalf of the
<br />Issuer by the manual or facsimile signatures of the officers of the Issuer designated to sign the Bonds in a
<br />resolution of the Issuer, under the official scal, or a facsimile thereof, of the Issuer. Any facsimile
<br />signature shall have the same force and effect as if said officers had manually signed the Bonds. Any
<br />reproduction of the official seal of the Issuer on the Bonds shall have the same force and effect as if the
<br />official seal of the Issuer had been impressed on the Bonds and the seal may be omitted as authorized by
<br />law.
<br />In case any officer of the Issuer whose signature or a facsimile of whose signature shall appear on
<br />the Bonds shall cease to be such officer before the authentication by the Trustee and delivery of such
<br />Bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes, the
<br />same as if such officer had remained in office until delivery; and any Bond may be signed on behalf of the
<br />Issuer by such persons as, at the time of execution of such Bond, shall be the proper officers of the Issuer,
<br />even though at the date of such Bond or of the execution and delivery of this Indenture any such person
<br />was not such officer.
<br />The Bonds issued by the Issuer shall not be deemed to constitute a debt, Liability, or obligation of
<br />the Issuer, the County, or the State or any political subdivision thereof within the meaning of any
<br />constitutional or statutory limitation, and the Bonds shall be payable solely from revenues derived from
<br />the sale, operation, or leasing of the Schoolhouse and payments received pursuant to the Loan Agreement
<br />and the Pledge Agreement, and in the event of default, the Mortgage, pursuant to its terms (except to the
<br />extent paid out of moneys attributable to the proceeds derived from the sale of the Bonds or to income
<br />from the temporary investment thereof and, under certain circumstances, to proceeds from insurance and
<br />condemnation awards) and shall be a valid claim of the Registered Owners thereof only against the
<br />Revenue Fund, the Bond Fund, the Reserve Fund, and other moneys held by the Trustee (except the
<br />Rebate Fund) and the amounts payable under the Loan Agreement and the Pledge Agreement, which
<br />amounts are hereby pledged, assigned and otherwise secured for the equal and ratable payment of the
<br />Bonds and shall be used for no other purpose than to pay the principal of, premium, if any, and interest on
<br />the Bonds, except as may be otherwise expressly authorized in this Indenture. Neither the faith and credit
<br />nor the taxing power of the Issuer, the City, the State, or any other political subdivision or agency thereof
<br />is pledged to the payment of the principal of, premium, if any, or interest on such Bonds.
<br />Section 2.04 Authentication. No Bond shall be valid or obligatory for any purpose or entitled
<br />to any security or benefit under this Indenture unless and until a certificate of authentication on such Bond
<br />substantially in the form set forth on EXHIBIT A attached hereto, with appropriate variations, omissions,
<br />and insertions as permitted or required by this Indenture, shall have bccn duly executed by the Trustee
<br />substantially in the form set forth on EXHIBIT A attached hereto, and attached to such Bond, and such
<br />executed certificate of authentication of the Trustee upon any such Bond shall be conclusive evidence that
<br />such Bond has been authenticated, registered, and delivered under this Indenture. The Trustee's
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