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ARTICLE II <br />AUTHORIZATION AND TERMS <br />Section 2.01. Authorization of Series 2008 Bonds. An initial issue of Bonds in the <br />aggregate principal amount of <br />Dollars ($ ) is hereby authorized to be issued by the Agency under and subject to <br />the terms of this Indenture, and the Law. This Indenture constitutes a continuing agreement <br />with the Owners of all of the Bonds issued or to be issued hereunder and then Outstanding to <br />secure the full and final payment of principal and redemption premiums (if any) and the interest <br />on all Bonds which may from time to time be executed and delivered hereunder, subject to the <br />covenants, agreements, provisions and conditions herein contained. Such initial issue of Bonds <br />shall be designated the "Redevelopment Agency of the City of San Leandro Alameda County - <br />City of San Leandro Redevelopment Project Tax Allocation Bonds, Series 2008". <br />Section 2.02. Terms of Series 2008 Bonds. The Series 2008 Bonds shall be issued in <br />fully registered form without coupons. The Series 2008 Bonds shall be issued in denominations <br />of $5,000 or any integral multiple thereof, so long as no Series 2008 Bond shall have more than <br />one maturity date. The Series 2008 Bonds shall be dated as of their Closing Date. The Series <br />2008 Bonds shall be lettered and numbered as the Trustee shall prescribe. <br />The Series 2008 Bonds shall mature and shall bear interest (calculated on the basis of a <br />360-day year of twelve 30-day months) at the rate per annum as follows: <br />Maturity Date Principal Interest <br />(September 1) Amount Rate <br />15 <br />