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1 1 yqn together with two (2) certified copies.of the aforesaid Refunding Resolution; (b) Forward to The First National Bank of Chicago, in the City of Chicago, Illinois (hereinafter referred to as ',Exchange Bank", or "Benktt), one ('1) certified copy of this resol- ution accompanied by certified copy of said Refunding Resolution. M) Said certified copies of resolution shall constitute the authority of the said State Treasurer.and State Board of Administration, and of said Bank, respectively, to do and perform any and all acts and things necessary to accomplish the purposes hereinafter expressed. Section III That it is hereby found and recited as follows: (A) That Refunding Bonds in the amount named have been heretofore duly validated and in executed form have been, or will shortly be, deposited with the Exchange Bank. (3) That instructions for the delivery of said Refunding Bonds in exchange for Or- iginal Indebtedness are cohtained in the following portions hereof. Section IV, The Exchange Bank is hereby authorized to make deliveries of said.Refunding Bonds in accordance with the following: (JL) Deliver any of the Refunding Bonds of said issue in exchange for, and upon sur- render of, any of the outstanding Original Indebtedness described in the schedule contained in the Refunding Resolution, and in accordance with the procedure therein outlined, said exchanges to be consummated at such time as said Bank shall be, advised by R.E. Crummer & Company that it is proper to do so. The Bank shall cancel the Original Indebtedness surrendered and send the same to the person hereinafter designated to receive any reports provided for herein. Said items shall be accompanied -by report, or reports, indicating the>particular Refunding Bonds del- ivered in exchange therefor. (B) Exchanges hereunder shall be made on the basis of a par amount of Refunding Bonds being issued in exchange for and,upon the surrender of an equal par amount of Original In- debtedness. Original Indebtedness received hereunder shall have attached thereto, upon surren- der, all unmatured coupons, but no matured coupons, the said Original Indebtedness being current as to interest as of the date of this resolution. Refunding Bonds issued hereunder shall have attached thereto, upon delivery, all unmatured coupons but no matured coupons. If any coupons annexed to the Refunding Bonds have matured at the time for any such delivery, said coupons which shall have so matured shall be detached,.cancelled, and sent to the State Treasurer with proper report thereof. (C) REPORTS provided for in this resolution shall be sent to THE STATE TREASURER OF FLORIDA AS COUNTY TREASURER ESL OFFICIO, TALLAHASSEE, FLORIDA, with copies thereof to THE CIERR OF THIS BOARD, and to any other persons necessary to give full effect hereto. (D) R.E. Crummer & Company shall be responsible for any charges which the Exchange Bank may impose for services in carrying out these instructions. Section V. (A) That if at any time the records of the State Treasurer as County Treasur er ex officio, and as Treasurer of the State Board of Administration, disclose that any ©f the Original Indebtedness provided to be refunded, as described in the said Refunding Resolution, has been retired in any manner other than by an exchange -of bonds hereunder, the said State Treasurer be and he is hereby authorized and directed to.certify to said Exchange Bank a list and description of'such Original Indebtedness so retired, and to request cancellation by said Exchange Bank -of an equivalent.amount of Refunding Bonds. The State Treasurer is requested to forward copy of each or any such certificate or statement and.request for cancellation of Refu Ing Bonds. (a)..to the Clerk.of this.Board; (b) to..R.E....Crummer &Company, 300 First National Bank Building, Orlando,. Florida; and (c) to said Company at 000 First National Bank Building, Chicago, Illinois. (B;) That, upon receipt by the Exchange Bank of advices from the State Treasurer of Florida, as referred to in (A) of this Section, said Bank is hereby authorized and directed to