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SECTION 303. Disposition of Purchased Bonds.
 
 
 
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SECTION 303. Disposition of Purchased Bonds.

Bonds tendered or deemed to have been tendered to the Paying Agent for purchase and remarketed pursuant to Sections 301 and 302 shall be registered by the Paying Agent in the name of the transferee thereof.


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Bonds purchased by the University shall be cancelled by the Paying Agent. Bank Bonds held by the Paying Agent for the account of the Bank shall be held or delivered in accordance with Section 305 hereof.