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4413 (32c), V.A.T.C.S., under which a district or river authority will make a sewer system or water
<br />system or portions thereof available to the Issuer, and will furnish waste water collection,
<br />transportation, treatment, disposal services or water treatment or water transportation facilities to the
<br />Issuer, through the district's or river authority's sewer system or water system Qr in such other
<br />manner as deemed appropriate by the Issuer. Such contracts may provide for the operation, or the
<br />acquisition by purchase or lease, of the Issuer's waste water treatment and disposal facilities or water
<br />treatment or water transportation facilities, in whole or in part, by the district or river authority.
<br />Section 27. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED BONDS.
<br />(a) Replacement Bonds. In the event any outstanding Bond is damaged, mutilated, lost, stolen, or
<br />destroyed, the Paying Agent/Registrar shall cause to be printed, executed, and delivered, a new bond
<br />of the same principal amount, maturity, and interest rate, as the damaged, mutilated, lost, stolen, or
<br />destroyed Bond, in replacement for such Bond in the manner hereinafter provided.
<br />(b) Application for Replacement Bonds. Application for replacement of damaged, mutilated,
<br />lost, stolen, or destroyed Bonds shall be made by the registered owner thereof to the Paying
<br />Agent/Registrar. In every case of loss, theft, or destruction of a Bond, the registered owner applying
<br />for a replacement bond shall furnish to the Issuer and to the Paying AgentlRegistrar such security
<br />or indemnity as may be required by them to save each of them harmless from any loss or damage
<br />with respect thereto. Also, in every case of loss, theft, or destruction of a Bond, the registered owner
<br />shall furnish to the Issuer and to the Paying Agent/Registrar evidence to their satisfaction of the loss,
<br />theft, or destruction of such Bond, as the case may be. In every case of damage or mutilation of a
<br />Bond, the registered owner shall sunender to the Paying AgentJRegistrar for cancellation the Bond
<br />so damaged or mutilated.
<br />(c) No Default Occurred. Notwithstanding the foregoing provisions of this Section, in the
<br />event any such Bond shall have matured, and no default has occurred which is then continuing in
<br />the payment of the principal of, redemption premium, if any, or interest on the Bond, the Issuer may
<br />authorize the payment of the same (without surrender thereof except in the case of a damaged or
<br />mutilated Bond) instead of issuing a replacement Bond, provided security or indemnity is furnished
<br />as above provided in this Section.
<br />(d) Charge for Issuing Replacement Bonds. Prior to the issuance of any replacement bond,
<br />the Paying Agent/Registrar shall charge the registered owner of such Bond with all legal, printing,
<br />and other expenses in connection therewith. Every replacement bond issued pursuant to the
<br />provisions of this Section by virtue of the fact that any Bond is lost, stolen, or destroyed shall
<br />constitute a contractual obligation of the Issuer whether or not the lost, stolen, or destroyed Bond
<br />shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits of
<br />this Ordinance equally and proportionately with any and all other Bonds duly issued under this
<br />Ordinance.
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