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'. Section 9. In case the Note shall become mutilated or be lost or destroyed, the Issuer shall cause to be executed and delivered a new Note of like outstanding principal amount and tenor in exchange and substitution for and upon cancellation of the mutilated Note or in lieu of and in substitution for such Note lost or destroyed, upon the Holder's paying the reasonable expenses and charges of the Issuer in connection therwi th and, in case the Note is de- stroyed or lost,. filing with the Issuer evidence satisfac- tory to it of such loss or destruction. Section 10. The Note may be transferred by the Bolder- from time to time, by written instrument l' provided that notice of any such transfer shall be given in writing to the Issuer and the Company. At the request of the Bolder, the Note shall be registered on the books of the Issuer, subject to the conditions set forth in the form of the Note attached hereto as Exhibit. A. Section 11. All covenants, stipulations, obligations and agreements of the Issuer contained in this resolution and contained in the Agreement, the Escrow and Disbursing Agreement and the, Pledge Agreement shall be deemed to be the covenants, stipulations, obligations and agreements of the Issuer to the full extent authorized or permitted by law, and all such covenants, stipulations, obligations and agree- ments shall be binding upon the Issuer. Except as otherwise provided in this resolution, all rights, powers and privi- leges conferred and duties and liabilities imposed upon the Issuer or the City Council thereof by the provisions of this resolution or the Agreement, the Escrow and Disbursing Agreement or the Pledge Agreement shall be exercised or performed by the Issuer or by such members of the City Coun- cil or by such officers, board, body or agency thereof as may be required by law to exercise such powers. and to per- form such duties. No covenant, stipulation, obligation or agreement herein contained or contained in the Agreement, the Escrow and Disbursing Agreement or the Pledge Agreement shall be deemed to be a covenant, stipulation, obligation or agreement of any' member of the City Councilor any officer, agent or employee of the Issuer in that person's individual capacity, and neither the City Council of the Issuer nor any officer executing the Note shall be liable personally on the Note or be subject to any personal liability or accountability by reason of the issuance thereof. Section 12. In case anyone or more of the provisions of this resolution, the Agreement, the Mortgage, the Assign- ment, the Pledge Agreement, the Escrow and Disbursing Agree- -7