MARVIN MANDEL, Governor                                 1057

DATE OR DATES, MATURITIES, INTEREST RATE,
DENOMINATIONS, FORM, REGISTRATION, TRANSFER,
INTERCHANGE, AND OTHER PROVISIONS OF THE BONDS AND
COUPONS AND THE TERMS AND CONDITIONS UPON WHICH THE
SAME SHALL BE EXECUTED, ISSUED, SECURED, SOLD, PAID,
REDEEMED, FUNDED AND REFUNDED. THE RESOLUTION OF THE
COMMISSION AUTHORIZING ANY BOND OR ANY INDENTURE SO
AUTHORIZED UNDER WHICH THE BONDS ARE ISSUED MAY
INCLUDE ALL SUCH COVENANTS AND OTHER PROVISIONS NOT
INCONSISTENT WITH THE PROVISIONS OF THIS COMPACT,
OTHER THAN ANY RESTRICTION ON THE REGULATORY POWERS
VESTED IN THE COMMISSION BY THIS COMPACT, AS THE
COMMISSION MAY DEEM NECESSARY OR DESIRABLE FOR THE
ISSUE, PAYMENT, SECURITY, PROTECTION, OR MARKETING OF
THE BONDS, INCLUDING WITHOUT LIMITATION COVENANTS AND
OTHER PROVISIONS AS TO THE RATES OR AMOUNTS OF FEES,
RENTS, AND OTHER CHARGES TO BE CHARGED OR MADE FOR USE
OF THE FACILITIES; THE USE, PLEDGE, CUSTODY, SECURING
APPLICATION, AND DISPOSITION OF SUCH REVENUES, OF THE
PROCEEDS OF THE BONDS, AND OF ANY OTHER MONEYS OR
CONTRACTS OF THE COMMISSION; THE OPERATION,
MAINTENANCE, REPAIR, AND RECONSTRUCTION OF THE
FACILITIES AND THE AMOUNTS WHICH MAY BE EXPENDED
THEREFOR; THE SALE, LEASE, OR OTHER DISPOSITION OF THE
FACILITIES; THE INSURING OF THE FACILITIES AND OF THE
REVENUES DERIVED THEREFROM; THE CONSTRUCTION OR OTHER
ACQUISITION OF OTHER FACILITIES; THE ISSUANCE OF
ADDITIONAL BONDS OR OTHER INDEBTEDNESS; THE RIGHTS OF
THE BONDHOLDERS AND OF ANY TRUSTEE FOR THE BONDHOLDERS
UPON DEFAULT BY THE COMMISSION OR OTHERWISE; AND THE
MODIFICATION OF THE PROVISIONS OF THE INDENTURE AND OF
THE BONDS. REFERENCE ON THE FACE OF THE BONDS TO
SUCH RESOLUTION OR INDENTURE BY ITS DATE OF ADOPTION
OR THE APPARENT DATE ON THE FACE THEREOF IS SUFFICIENT
TO INCORPORATE ALL OF THE PROVISIONS THEREOF AND OF
THIS COMPACT INTO THE BODY OF THE BONES AND THEIR
APPURTENANT COUPONS. EACH TAKER AND SUBSEQUENT
HOLDER OF THE BONDS OR COUPONS, WHETHER THE COUPONS
ARE ATTACHED TO OR DETACHED FROM THE BONDS, HAS
RECOURSE TO ALL OF THE PROVISIONS OF THE INDENTURE AND
OF THIS COMPACT AND IS BOUND THEREBY.

13.07. MAXIMUM MATURITY. —NO BOND OR ITS TERM
SHALL MATURE IN MORE THAN FIFTY (50) YEARS FROM ITS
OWN DATE, AND IN THE EVENT ANY AUTHORIZED ISSUE IS
DIVIDED INTO TWO OR MORE SERIES OR DIVISIONS, THE
MAXIMUM MATURITY DATE HEREIN AUTHORIZED SHALL BE
CALCULATED FROM THE DATE ON THE FACE OF EACH BOND
SEPARATELY, IRRESPECTIVE OF THE FACT THAT DIFFERENT
DATES MAY BE PRESCRIBED FOR THE BONDS OF EACH SEPARATE
SERIES OR DIVISION OF ANY AUTHORIZED ISSUE.