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enforceability of the certificate, instrument or other written document signed by them is not affected; and b. is unable to execute and deliver documents referred to in this Resolution, such documents may be executed by any member of the Issuer's City Council or any officer of the City delegated the duties of any Authorized Officer with the same force and effect as if such documents were executed by an Authorized Officer. Section 9. Future Amendments. a. After the adoption of this Resolution, but prior to the issuance and delivery of the Obligations to the Lender, the original aggregate principal amount of the Obligations, the maturity date of the Obligations, the principal amount of the Obligations due on each payment date, the interest rate of the Obligations, the date of the documents referenced in this Resolution and the Obligations, and the terms of redemption of the Obligations may be established or modified by the Borrower with the approval of the Authorized Officers and Issuer's Counsel; provided that the aggregate principal amount of the Obligations may not be increased from the amount set forth in this Resolution. b. The authority to approve, execute and deliver, on behalf of the Issuer, future amendments to the Loan Agreement are delegated to the Authorized Officers, subject to the conditions established in the Assignment and Loan Agreement; provided that the Governing Body of the Issuer must approve any changes which, in the opinion of Issuer's Counsel and Bond Counsel affect the Unassigned Rights, as defined in the Loan Agreement. C. The authorization given above is an authorization for the execution and delivery of any certificates and related items required to demonstrate compliance with the agreements being amended and the terms of this Resolution. The execution of any instrument by the Authorized Officers is conclusive evidence of the approval in accordance with the terms of this Resolution. Section 10. Registration. a. Registered Form. The Obligations must be issued only in fully registered form. The Obligations will be numbered No. R-1 and upward, if applicable, in denominations specified by the Registered Owner. b. Registration, Transfer and Exchange. The Issuer appoints the Issuer's Finance Director as Registrar. The effect of registration and the rights and duties of the Issuer with respect thereto are as follows: i. Register. The Registrar must keep a bond register for the Obligations in which the Registrar provides for the registration of ownership of the Obligations and the registration of transfers and exchanges of the Obligations. ii. Transfer of Obligations. Subject to the provisions of clause x of this subsection, upon surrender for transfer of an Obligation duly endorsed by the Registered Owner or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the Registered Owner or by an attorney duly authorized by the Registered Owner in Page 6