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~+ 2A4 81-- ~1~~4~L:~. other governmental charge required to be paid with respect thereto. Section 267. Ownership of Registered Bonds. As to any Bond, the Issuer, the Trustee, and the Bond Registrar and their respective successors, each in its discretion, may deem and treat the person in whose name such Bond for the time being shall be registered as the absolute owner thereof for all purposes, and neither the Issuer, the Trustee, the Bond Registrar, nor their respective successors, shall be affected by any notice to the contrary. Payment of or on account of the premium, if any, principal of and interest on any such Bond shall be made only to or upon the order of the registered owner thereof (if not then registered tc 'nearer), but such registration may be changed as provided herein. Payment of or on account of the premium, if any, principal of and interest on any Bond registered to bearer shall be made only upon the presentation of such Bond to the Paying Agent. All such payments provided for in this Section 207 shall be valid and effective to satisfy and discharge the liability upon such Bond to t.ie extent of the sum or sums so paid. As to any Bond registered to bearer, any person in possession of such Bond, regardless of the manner in which he shall have acquired possession, is hereby deemed to be, and is authorized to represent himself as the absolute owner of such Bond for any and all purposes hereunder. Section 208. Conditions Precedent to Issuance of Bonds and A lication of Bon Proceeds. Prior to or simu taneous- ly wi a au entacation, registration and delivery of the Series 1981 Bonds by the Trustee, there shall be filed with the Trustee the following: (a) a copy, certified by the Issuer's Clerk, of the Resolution of the Governing Body authorizing the issuance and sale of the Bonds and the execution and delivery of the Lease and the Indenture; (b} executed counterparts of the Indenture, the Lease, the Sublease, the Guaranty, and the Contract referred to in said Resolut+on; (c) favorable, written, legal opinions from bond counsel and the respective counsel to each of the Issuer, the Comgany, the Sublessee and the Guarantors. When the documents mentioned in clauses (a) to (c), inclusive, of this Section shall have been filed with the Trustee and when said Bonds shall have been executed and authenticated as required by this Indenture, the Trustee shal], deliver said Bonds at one time to or upon the order of the Original Purc`3ser as named herein, and shall, as Bond 28