Guam § 3 - Proceedings for Issuance of Additional Series of Bonds.

§ 3. Proceedings for Issuance of Additional Series of Bonds.

Whenever the Government shall determine to issue an

additional Series of Bonds pursuant to § 3.04, the Government

shall enter into a Supplemental Indenture specifying the principal

amount and prescribing the forms of Bonds of such additional

Series and providing terms, conditions, distinctive designation,

denominations, methods of numbering, date, place or places of

payment of principal or Redemption Price, if any, of and interest

on such Bonds, and any other provisions respecting the Bonds of

such Series not inconsistent with the terms of this Indenture, and

providing for the manner of selling the Bonds and of determining

their maturity date or dates, interest rate or razes, interest payment

dates and redemption provisions.

Before such additional Series of Bonds shall be issued and

delivered, the Government shall deliver the following documents

to the Trustee:

(A) An executed copy of the Supplemental Indenture

authorizing such additional Series of Bonds.

(B) Originals or certified copies of the instruments or

documents determining any matters specified above and left

undetermined by such Supplemental Indenture with respect

to such additional Series of Bonds.

(C) A Certificate of the Government that the

requirements of §§ 3.04(A)(1) and 3.04(A)(7) have been met.

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(D) In the case of refunding bonds, irrevocable

instructions to the Trustee to give notice as provided in

Article IV of redemption of all Bonds to be redeemed in

connection with such refunding.

(E) An Opinion of Counsel that the Supplemental

Indenture has been duly executed and delivered in

accordance with this Indenture; that such additional Series of

Bonds, when duly executed by the Government and

authenticated and delivered by the Registrar, will be valid

and binding obligations of the Government; and that upon the

delivery of such additional Series of Bonds the aggregate

principal amount of Bonds then Outstanding will not exceed

the amount permitted by law or by this Indenture.