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In case any officer whose signature or a facsimile of whose <br />signature shall appear on any Bonds shall cease to be such officer <br />before the delivery of such Bonds, such signature or such facsimile <br />shall nevertheless be valid and sufficient for all purposes the <br />same as if he had remained in office until such delivery. Any Bond <br />may bear the facsimile signature of or may be manually signed by <br />such persons who, at the actual time of the execution of such Bond, <br />shall be the proper officers to sign such Bonds although at the <br />date of such Bond such persons may not have been such officers. <br />SECTION 7. AUTHENTICATION OF BONDS. Only such of the Bonds <br />as shall have endorsed thereon a certificate of authentication <br />substantially in the form hereinbelow set forth, duly executed by <br />the Registrar, as authenticating agent, shall be entitled to any <br />benefit or security under this Resolution. No Bond shall be valid <br />or obligatory for any purpose unless and until such certificate of <br />authentication shall have been duly executed by the Registrar, and <br />such certificate of the Registrar upon any such Bond shall be <br />conclusive evidence that such Bond has been duly authenticated and <br />delivered under this Resolution. The Registrar's certificate of <br />authentication on any Bond shall be deemed to have been duly <br />executed if signed by an authorized officer of the Registrar, but <br />it shall not be necessary that the same officer sign the certifi- <br />cate of authentication of all of the Bonds that may be issued <br />hereunder at any one time. <br />SECTION 8. EXCHANGE OF BONDS. Any Bonds, upon surrender <br />thereof at the principal corporate trust office of the Registrar, <br />8 <br />