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Section 8. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED
<br />CERTIFICATES.
<br />(a) Replacement 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) Aax,,jigq on for Re placement 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 DefaultOccurred. 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 />(e) Authority for Issuing Replacement Certificates. In accordance with Subchapter D
<br />of Chapter 1201, Government Code, this Section 8 of this Ordinance shall constitute authority for
<br />the issuance of any such replacement certificate without necessity of further action by the governing
<br />body of the Issuer or any other body or person, and the duty of the replacement of such certificates
<br />is hereby authorized and imposed upon the Paying Agent/Registrar, and the Paying Agent/Registrar
<br />shall authenticate and deliver such Certificates in the form and manner and with the effect, as
<br />provided in Section 3(a) of this Ordinance for Certificates issued in conversion and exchange for
<br />other Certificates.
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