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~ Unless and until the certificate of atithentication thereon shall have been duly e~ecuted by 2 the Trlistee, no Certificate shall be valid or obligatory for any purpose or entitled to anv right or 3 benefit under the Agreement. Execution of the certificate of authentication on a Certificate bv an 4 authorized signatory of the Trustee shall be conclusive evidence that such Certificate has been ~ authenticated and delivered under the Agreement. It shall not be necessary that the same authorized 6 signatory of the Trustee execute the certificate of authentication on each of the Certificates in order 7 for the Certificates to be valid. 8 9 (1) TEMPORARY CERTIFICATES. Until definitive Certificates are ready for delivery, there ] o may be e~cecuted and delivered to the purchasers thereof, in lieu of definitive Certificates and subject l 1 to the same limitations and conditions, one or more interim receipts or certificates in fully registered 12 form, in denominations totaling the aggregate principal amount of the Certificates, mat~iring, bearin~ 13 interest and in substantially the same tenor as otherwise herein authorized for the Certificates, and 14 with such appropriate omissions, insertions and variations as may be required. If interim receipts 15 or certificates are issued, the County shall cause the definitive Certificates to be prepared and to be l6 executed as aforesaid. Upon presentation to the Trustee of the interim receipts or certificates, the 17 Trustee shall cancel the interim receipts or certificates and authenticate and deliver to the holders 18 thereof definitive Certificates of an equal aggregate principal amount, bearing appropriate 19 characteristics as herein authorized and as sold to the purchasers thereof. Until so exchanged, the ?o interim receipts or certificates shall in all respects be entitled to the same benefit and security as the 21 definitive Certificates. Interest on the interim receipts or certificates issued in fully registered form. ?2 when due and payable, if the definitive Certificates are not ready for exchange, shall be paid by 23 check and mailed to the holders thereof. 24 '-~ (J) RESERVATION OF RIGHT TO PURCHASE ON OPEN MARKET. Notwithstanding any~thing 26 expressed or implied herein to the contrary, the County shall have the right to purchase from time 27 to time any Certificates on the open market for the purpose of surrendering such Certificates to the 28 Trustee for cancellation, which purchases may be made out of any funds of the County made 29 available by it for such purpose. 30 31 (K) PERSONS TREATED AS OWNERS. The person in whose name any Certificate shall be 3? registered shall be deemed and regarded as the absolute Owner thereof for all purposes, and payment 33 of either principal or interest on any Certificate shall be made only to or upon order of the Owner 34 thereof or such Owner's legal representative. All such payments shall be valid and effectual to 35 satisfy and discharge the liability upon such Certificate to the extent of the sum or sums so paid. The 36 County, the Trustee and the County may deem and treat the person in whose name any Certificate 37 shall be registered as the absolute Owner of such Certificate whether such Certificate shall be 38 overdue or not, for the purpose of receiving payment thereof and for all other purposes whatsoever, 39 and neither the County, the Trustee nor the County shall be affected by any notice to the contrary. ao FINANCING AND TRUST AGREEMENT PAGE l~