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200302816
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Last modified
10/15/2011 5:53:13 PM
Creation date
10/21/2005 4:23:26 PM
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DEEDS
Inst Number
200302816
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200302816 <br />Section 7. Each of the Building Bonds shall be executed on behalf of the Corporation with the <br />manual or facsimile signatures of the President and Secretary and shall have the Corporation's seal affixed <br />thereto or imprinted thereon. Subject to the provisions of Section II of this Article 11, a supply of bond <br />certificates for issuance upon subsequent transfers or in the event of partial redemption shall also be so <br />executed and delivered to the Trustee. In the event that such supply of bonds shall be insufficient to meet the <br />requirements of the Trustee for issuance of replacement Building Bonds upon transfer or partial redemption, <br />the Corporation agrees to order printed an additional supply of bond certificates and to direct their execution <br />by manual or facsimile signature of its then duly qualified and acting President and Secretary, and by having <br />affixed thereto or imprinted thereon the Corporation's seal. In case any officer whose signature or facsimile <br />thereof shall appear on any Building Bond shall cease to be such officer before the delivery of such Building <br />Bond (including any Building Bonds delivered to the Trustee for issuance upon transfer or partial <br />redemption), such signature or such facsimile signature shall nevertheless be valid and sufficient for all <br />purposes the same as if such officer or officers had remained in office until the delivery of such Building <br />Bond. Upon execution, registration and authentication of the Building Bonds, they shall be delivered by the <br />Trustee to Ameritas Investment Corp, as initial purchaser thereof, upon receipt of $2,562,950 plus accrued <br />interest thereon to date of payment for the Building Bonds. Said initial purchaser shall have the right to direct <br />the registration of the Building Bonds and the denominations thereof within each maturity, subject to the <br />restrictions of this Indenture. <br />Section 8. Only such Building Bonds as shall have endorsed thereon a Certificate of <br />Authentication substantially in the form hereinabove set forth, duly executed by the Trustee, shall be entitled <br />to any right or benefit under this Indenture. No Building Bond shall be valid or obligatory for any purpose <br />unless and until such Certificate of Authentication shall have been duly executed by the Trustee and such <br />executed Certificate shall be conclusive evidence that such Building Bond has been authenticated under this <br />Indenture. <br />Section 9. In case any Bond issued hereunder shall become mutilated or destroyed or lost, the <br />Corporation shall, if not then prohibited by law, cause to be executed, and the Trustee may authenticate and <br />deliver a new bond certificate of like series, date, number, maturity and tenor in exchange and substitution for <br />and upon cancellation of such mutilated bond certificate, or in lieu of and in substitution for such lost bond <br />certificate, upon the holder paying the reasonable expenses and charges of the Corporation and the Trustee in <br />connection therewith, and, in case of a bond certificate destroyed or lost, such owner's filing with the Trustee <br />evidence satisfactory to it that such bond certificate was destroyed or lost, and of such owner's ownership <br />thereof and furnishing the Corporation and the Trustee with indemnity satisfactory to them. <br />Section 10. Additional series of Bonds, including Bonds issued for refunding purposes, <br />having status and rank equal to any of the Building Bonds which are to remain outstanding after the issuance <br />of such additional series of Bonds, which may be issued only if the lease rentals payable under the Lease - <br />Purchase Agreement, as then amended, are and will be sufficient to meet the payments of principal and <br />interest on all Bonds to be outstanding under the Indenture, from and after the issuance of such additional <br />series of Bonds, as the same fall due. <br />Section 11. As initially issued the Building Bonds shall be issued as "book-entry-only <br />bonds" using the services of the Depository Trust Company (the "Depository"), with one typewritten bond <br />per maturity being issued to the Depository. In such connection, the Corporation and the Trustee agree to <br />execute and deliver a Letter of Representations (the "Letter of Representations ") in the form required by the <br />Depository (which may be in the form of a blanket letter, including arty such letter previously executed and <br />delivered), which shall govern certain matters with respect to registration, transfer, payment and redemption <br />11 <br />
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