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the same as if they had not been defeased, and the Issuer shall make proper arrangements to provide <br />and pay for such services as required by this Ordinance. <br />(e) In the event that the Issuer elects to defease less than all of the principal amount of <br />Certificates of a maturity, the Paying Agent/Registrar shall select, or cause to be selected, such <br />amount of Certificates by such random method as it deems fair and appropriate. <br />Section 8. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED <br />CERTIFICATES. <br />(a) Re )lacement Certificates. In the event any outstanding Certificate is damaged, <br />mutilated, lost, stolen or destroyed, the Paying Agent/Registrar shall cause to be printed, executed <br />and delivered, a new certificate of the same principal amount, maturity and interest rate, as the <br />damaged, mutilated, lost, stolen or destroyed Certificate, in replacement for such Certificate in the <br />manner hereinafter provided. <br />(b) ADDlication for Replacement Certificates. Application for replacement of damaged, <br />mutilated, lost, stolen or destroyed Certificates shall be made by the registered owner thereof to the <br />Paying Agent/Registrar. In every case of loss, theft or destruction of a Certificate, the registered <br />owner applying for a replacement certificate shall furnish to the Issuer and to the Paying <br />Agent/Registrar such security or indemnity as may be required by them to save each of them <br />harmless from any loss or damage with respect thereto. Also, in every case of loss, theft or <br />destruction of a Certificate, the registered owner shall furnish to the Issuer and to the Paying <br />Agent/Registrar evidence to their satisfaction of the loss, theft or destruction of such Certificate, as <br />the case may be. In every case of damage or mutilation of a Certificate, the registered owner shall <br />surrender to the Paying Agent/Registrar for cancellation the Certificate so damaged or mutilated. <br />(c) No Default Occurred. Notwithstanding the foregoing provisions of this Section, in <br />the event any such Certificate shall have matured, and no default has occurred that is then continuing <br />in the payment of the principal of, redemption premium, if any, or interest on the Certificate, the <br />Issuer may authorize the payment of the same (without surrender thereof except in the case of a <br />damaged or mutilated Certificate) instead of issuing a replacement Certificate, provided security or <br />indemnity is furnished as above provided in this Section. <br />(d) Charge for Issuing Replacement Certificates. Prior to the issuance of any <br />replacement certificate, the Paying Agent/Registrar shall charge the registered owner of such <br />Certificate with all legal, printing, and other expenses in connection therewith. Every replacement <br />certificate issued pursuant to the provisions of this Section by virtue of the fact that any Certificate <br />is lost, stolen or destroyed shall constitute a contractual obligation of the Issuer whether or not the <br />lost, stolen or destroyed Certificate shall be found at any time, or be enforceable by anyone, and <br />shall be entitled to all the benefits of this Ordinance equally and proportionately with any and all <br />other Certificates duly issued under this Ordinance. <br />16 <br />