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Section 9.08 Unclaimed Moneys. Anything contained herein to the contrary <br />notwithstanding, and subject to the escheat laws of the State, any moneys held by the Fiscal <br />Agent in trust for the payment and discharge of the principal of, and the interest and any <br />premium on, the Bonds which remains unclaimed for two (2) years after the date when the <br />payment of such principal, interest and premium have become payable, if such moneys were held <br />by the Fiscal Agent at such date, shall be paid by the Fiscal Agent to the City as its absolute <br />property free from any trust, and the Fiscal Agent shall thereupon be released and discharged <br />with respect thereto and the Owners of such Bonds shall look only to the City for the payment of <br />the principal o£, and interest and any premium on, their Bonds. <br />Section 9.09 Annlicable Law. This Agreement shall be governed by and enforced in <br />accordance with the laws of the State of California applicable to contracts made and performed <br />in the State of California. <br />Section 9.10 Conflict with Act. In the event of a conflict between any provision of this <br />Agreement with any provision of the Improvement Bond Act of 1915 as in effect on the Closing <br />Date, the provision of the Improvement Bond Act of 1915 shall prevail over the conflicting <br />provision of this Agreement. <br />Section 9.11 Conclusive Evidence of Regularity. Bonds issued pursuant to this <br />Agreement shall constitute conclusive evidence of the regularity of all proceedings under the Act <br />relative to their issuance. <br />Section 9.12 Payment on Business Day. In any case where the date of the payment of <br />interest or of principal (and premium, if any) of the Bonds or the date fixed for redemption is <br />other than a Business Day, the payment of interest or principal (and premium, if any) need not be <br />made on such date but may be made on the next succeeding day which is a Business Day with <br />the same force and effect as if made on the date required, and no interest shall accrue for the <br />period from and after such date. <br />Section 9.13 Counterparts. This Agreement may be executed in counterparts, each of <br />which shall be deemed an original. <br />IN WITNESS WHEREOF, the City has caused this Agreement to be executed in its <br />name and attested, and the Fiscal Agent, in acknowledgment of its acceptance of the duties of the <br />Fiscal Agent created hereunder, has caused this Agreement to be executed in its name, all as of <br />July 1, 2016. <br />-37- <br />55B-57 <br />