RES 94045A - Laserfiche WebLink

satisfy and discharge the liability upon such Bond to the extent of the sum or sums so paid, and neither the Authority not the Trustee shall be affected by any notice to the contrary. The Authority agrees to indemnify and save the Trustee harmless from and agairst any and all loss, cost, charge, expense, judgment or liability incurted by it, acting in good faith and without negligence or willful misconduct under the Trust Agreement, in so treating such Owner. In all cases in which the privilege of exchanging or transferring Bonds is exercised, the Trustee shall execute and deliver Bonds in accordance with the provisions of this Article. All Bonds surrendered in any such exchanges or transfers shall forthwith be canceled by the Trustee. For every such exchange orVansfer of.Bonds, whether temporay or definitive, the Authority and the Trustee may make a charge sufficient to reimburse any of them for any tax, fee or other govemmental charge, other than one imposed by the Authority, required to be paid with respect to such exchange or transfer, which sum or sums shall be paid by the person requesting such exchange or transfer as a condition precedent to the exercise of the privilege of making such exchange or transfer. Notwithstanding any other provision hereof, the cost of preparing each new Bond and any other expenses of the Authority or the Trustee incurred in connection therewith (except any applicable tax, fee or other govemmental charge other than one imposed by the Authority) shall be paid by the Authority. The Trustee shall not be obliged [o effect any exchange or transfer of any Bond during the period after [he mailing of notice calling such Bond or a portion thereof for redemption, nor during the fifteen (15) days preceding the giving of such notice of redemption. Section 507. Bond Registration Books. The Trustee shall keep or cause to be kept at its Principal Office a Bond Register, which shall, during normal business hours upon 24 hours prior written notice be open to inspection by the City and the Authority; and, upon presentation for such purpose, the Trustee shall, under such reasonable regulations consistent herewith as it may prescribe, register or transfer or cause to be registered or transferced, on the Bond Register, Bonds as herein before provided. Section 508. Temporary Bonds Pending preparation of the definitive Bonds, any Bonds delivered under the Tmst Agreement may be initially delivered in temporary form exchangeable for definitive Bonds when ready for delivery. The temporary Bonds may be printed, lithographed or typewritten, shall be of such denominations as may be determined by the Authority, shall be without coupons and may contain such reference to any of [he provisions hereof as may be appropriate. Every temporary Bond shall be executed by the Trustee and be delivered by the Trustee upon the same conditions and in substantially the same manner as definitive Bonds. If the Trustee delivers temporary Bonds, it shall execute and furnish definitive Bonds without delay and, thereupon, the temporary Bonds shall be surrendered for cancellation at the Principal Office of the Trustee and the Trustee shall deliver in exchange for such temporary 21 v4o~eoint.wt