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201103788 Section 2.07. Each of the Refunding Bonds shall be executed on behalf of the Corporation with the facsimile signatures of the President and Secretary and shall have the Corporation's seal affixed thereto or imprinted thereon. Subject to the provisions of Section 2.11 of this Article II, a supply of Refunding Bonds for issuance upon subsequent tra.nsfers or in the event of partial redemption sha11 also be so executed and delivered to the Trustee. In the event that such supply of bonds shall be insufficient to meet the requirements of the Trustee for issuance of replacement Refunding Bonds upon transfer or partial redemption, the Corporation agrees to order printed an additional supply of Refunding Bonds, and to direct their execution by manual or facsimile signatures of its then duly qualified and acting President and Secretary and by ha.ving af�'uced thereto or imprinted thereon the Corporation's seal. In case any officer whose signature or facsimile thereof shall appear on any Refunding Bond sha11 cease to be such officer before the delivery of such Refunding Bond (including any Refunding Bonds delivered to the Trustee for issuance upon transfer or partial redemption), such signature or such facsimile signature shall nevertheless be valid and sufficient for all purposes the same as if such officer or officers had rema.ined in office until the delivery of such Refunding Bond. Upon execution, registration and authentication of the IZefunding Bonds, they shall be delivered by the Trustee to the Underwriter upon receipt of $3,757,050, which purchase price takes into consideration Underwriter's discount in the amount of $37,950. The Refunding Bonds have been sold to the Underwriter pursuant to the terrns of the Bond Purchase Agreement and upon the conditions set forth therein. The Underwriter shall have the right to direct the registration ofthe Refunding Bonds and the denominations thereof within each maturity, subject to the restrictions ofthis Indenture. Section 2.08. Only such Refunding Bonds as shall have endorsed thereon a Certifica.te of Authentication substantially in the form hereinabove set forth, duly executed by the Trustee, shall be entitled to any right or benefit under this Indenture. No Refunding Bond shall be valid or obligatory for any purpose unless and until such Certificate of Authentication shall have been duly executed by the Trustee and such executed Certificate sha11 be conclusive evidence tha.t such Refunding Bond has been authenticated under this Indenture. Section 2.09. In case any bond issued hereunder shall become mutilated or destroyed or lost, the Corporation shall, if not then prolubited by law, cause to be executed, and the Trustee may authenticate and deliver a new bond of like date, number, maturity and tenor in exchange and substitution for and u�n cancellation of such mutilated bond, or in lieu of and in substitution for such lost bond, upon the holder payi�g the reasonable expenses and charges of the Corporation and the Trustee in connection therewith, and, in case of a bond destroyed or lost, such owner's filing with the Trustee evidence satisfactory to it that such bond was destroyed or lost, and of such owner's ownership thereof and furnishing the Corporation and the Trustee with indemnity satisfactory to them. Section 2.10. The Corporation shall not issue any additional bonds or other indebtedness under the terms of this Indenture or secured by the grants herein provided for, other than the Refunding Bonds. Section 2.11. As initially issued the Refunding Bonds shall be issued as "book- entry-only bonds" using the services of the Depository Trust Company (the "Depository"), with one typewritten bond per maturity being issued to the Depository. In such connection, the Corporation 14