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definitive Bonds, except as to the denominations thereof, one or more temporary Bonds
<br /> substantially of the tenor of the definitive Bonds in lieu of which such temporary Bond or Bonds
<br /> are issued, in denominations authorized by the Issuer by Supplemental Resolution, and with
<br /> such omissions, insertions and variations as may be appropriate to temporary Bonds. The
<br /> Issuer, at its own expense, shall prepare and execute definitive Bonds, which,if applicable, shall
<br /> be authenticated by the Registrar. Upon the surrender of such temporary Bonds for exchange,
<br /> the Registrar, without charge to the Holder thereof, shall deliver in exchange therefore
<br /> definitive Bonds, of the same aggregate principal amount and Series and maturity as the
<br /> temporary Bonds surrendered. Until so exchanged, the temporary Bonds shall in all respects be
<br /> entitled to the same benefits and security as definitive Bonds issued pursuant to this Resolution.
<br /> All temporary Bonds surrendered in exchange for another temporary Bond or Bonds or for a
<br /> definitive Bond or Bonds shall be forthwith canceled by the Registrar.
<br /> SECTION 2.07 Bonds Mutilated, Destroyed, Stolen or Lost. In case any Bond
<br /> shall become mutilated, or be destroyed, stolen or lost, the Issuer may, in its discretion, issue
<br /> and deliver, and the Registrar shall, if applicable, authenticate, a new Bond of like tenor as the
<br /> Bond so mutilated, destroyed, stolen or lost (e.g., Serial Bonds will be exchanged for Serial
<br /> Bonds and Capital Appreciation Bonds will be exchanged for Capital Appreciation Bonds), in
<br /> exchange and substitution for such mutilated Bond upon surrender and cancellation of such
<br /> mutilated Bond or in lieu of and substitution for the Bond destroyed, stolen or lost, and upon
<br /> the Holder furnishing the Issuer and the Registrar proof of such Holder's ownership thereof
<br /> and satisfactory indemnity and complying with such other reasonable regulations and
<br /> conditions as the Issuer or the Registrar may prescribe and paying such expenses as the Issuer
<br /> and the Registrar may incur. All Bonds so surrendered or otherwise substituted shall be
<br /> canceled by the Registrar. If any of the Bonds shall have matured or be about to mature,instead
<br /> of issuing a substitute Bond, the Issuer may pay the same or cause the Bond to be paid, upon
<br /> being indemnified as aforesaid, and if such Bonds be lost, stolen or destroyed, without
<br /> surrender thereof.
<br /> Any such duplicate Bonds issued pursuant to this Section 2.07 shall constitute original,
<br /> additional contractual obligations on the part of the Issuer whether or not the lost, stolen or
<br /> destroyed Bond be at any time found by anyone, and such duplicate Bond shall be entitled to
<br /> equal and proportionate benefits and rights as to lien on the Pledged Funds to the same extent
<br /> as all other Bonds issued hereunder.
<br /> SECTION 2.08 Transfer. Bonds, upon surrender thereof at the office of the
<br /> Registrar with a written instrument of transfer satisfactory to the Registrar, duly executed by
<br /> the Holder thereof or such Holder's attorney duly authorized in writing, may, at the option of
<br /> the Holder thereof, be exchanged for an equal aggregate principal amount of registered Bonds
<br /> of the same Series, maturity of any other authorized denominations and type (e.g., Serial Bonds
<br /> will be exchanged for Serial Bonds and Capital Appreciation Bonds will be exchanged for
<br /> Capital Appreciation Bonds).
<br /> The Bonds issued under this Resolution shall be and have all the qualities and incidents
<br /> of negotiable instruments under the law merchant and the Uniform Commercial Code of the
<br /> State, subject to the provisions for registration and transfer contained in this Resolution and in
<br /> the Bonds. So long as any of the Bonds shall remain Outstanding, the Issuer shall maintain and
<br /> keep, at the office of the Registrar,books for the registration and transfer of the Bonds.
<br /> Each Bond shall be transferable only upon the books of the Issuer, at the office of the
<br /> Registrar, under such reasonable regulations as the Issuer may prescribe, by the Holder thereof
<br /> in person or by such Holder's attorney duly authorized in writing upon surrender thereof
<br /> together with a written instrument of transfer satisfactory to the Registrar duly executed and
<br /> guaranteed by the Holder or such Holder's duly authorized attorney. Upon the transfer of any
<br /> such Bond, the Issuer shall issue, and, if applicable, cause to be authenticated, in the name of the
<br /> transferee a new Bond or Bonds of the same aggregate principal amount and Series and
<br /> maturity as the surrendered Bond. The Issuer, the Registrar and any Paying Agent or fiduciary
<br /> of the Issuer may deem and treat the Person in whose name any Outstanding Bond shall be
<br /> registered upon the books of the Issuer as the absolute owner of such Bond, whether such Bond
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