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that such bands and the interest thereon may be pa able <br />Y , <br />collectible or registrable at any place or places within or <br />without the State of Oregon; that such bands may be issued in <br />fully registered form or in coupon farm registrable as to <br />principal or as to both principal and interest, interchan e- <br />g <br />able or nan-interchangeable as between registered and cou on <br />p <br />bonds and as between bonds of differing denominatians• that <br />such bonds may be redeemable, either at the option of the <br />Board, ar by the operation of any sinking fund provided for <br />the issue, at such time or times and at such price or rites <br />p <br />as the Board may determine, whether or not involving a pre- <br />mium over the principal amount of such bonds, provided <br />however, that any such premium shall not exceed 4~ of the <br />principal amount of bonds to be redeemed; for the ap ointment <br />p <br />of such fiscal or paying agents, registrars, trustees, or <br />other agencies, far any such issue of bonds, as the Board ma <br />Y <br />determine, for the benefit and protection of the holders of <br />such bands; for the deposit of funds including bond proceeds <br />with such agents or trustees for any lawful purpose far which <br />such funds may be deposited; for the manner of disbursement <br />of , and accounting for , bond proceeds ; for the rights and <br />remedies of the holders of such bonds; for the establishin <br />9 <br />and maintaining of special funds or accounts to insure the <br />payment when due and payable of the principal of and interest <br />on such bonds and for other purposes, Pram proceeds of the <br />sale of bonds or revenues of the Electric Utility System or <br />Ord i nance -- 5 <br />