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<br /> Certificates of Obligation the same as if they had not been defeased, and the Issuer shall make
<br /> proper anangements to provide and pay for such services as required by this Ordinance.
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<br /> Section 12. DAMAGED, MUTILATED, LOST, STOLEN, OR DESTROYED
<br /> CERTIFICATES OF OBLIGATION. (a) Replacement Certificates of Obligation. In the event
<br /> any outstanding Certificate of Obligation is damaged, mutilated, lost, stolen, or destroyed, the
<br /> Paying Agent/Registrar shall cause to be printed, executed, and delivered, a new certificate of
<br /> obligation of the same principal amount, maturity, and interest rate, as the damaged, mutilated,
<br /> lost, stolen, or destroyed Certificate of Obligation, in replacement for such Certificate of
<br /> Obligation in the manner hereinafter provided.
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<br /> (b) Annlication for Replacement Certificates of Obligation. Application for replacement
<br /> of damaged, mutilated, lost, stolen, or destroyed Certificates of Obligation shall be made by the
<br /> registered owner thereof to the Paying Agent/Registrar. In every case of loss, theft, or
<br /> destruction of a Certificate of Obligation, the registered owner applying for a replacement
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<br /> certificate of obligation shall furnish to the Issuer and to the Paying Agent/Registrar such security
<br /> or indemnity as may be required by them to save each of them harniless from any loss or damage
<br /> with respect thereto. Also, in every case of loss, theft, or destruction of a Certificate of
<br /> Obligation, the registered owner shall furnish to the Issuer and to the Paying Agent/Registrar
<br /> evidence to their satisfaction of the loss, theft, or destruction of such Certificate of Obligation,
<br /> as the case may be. In every case of damage or mutilation of a Certificate of Obligation, the
<br /> registered owner shall surrender to the Paying Agent/Registrar for cancellation the Certificate of
<br /> Obligation so damaged or mutilated.
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<br /> (c) No Default Occurred. Notwithstanding the foregoing provisions of this Section, in
<br /> the event any such Certificate of Obligation shall have matured, and no default has occurred which
<br /> is then continuing in the payment of the principal of, redemption premium, if any, or interest on
<br /> the Certificate of Obligation, the Issuer may authorize the payment of the same (without surrender
<br /> thereof except in the case of a damaged or mutilated Certificate of Obligation) instead of issuing
<br /> a replacement Certificate of Obligation, provided security or indemnity is furnished as above
<br /> provided in this Section.
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<br /> (d) Charge for Issuing Replacement Certificates of Obligation. Prior to the issuance of
<br /> any replacement certificate of obligation, the Paying Agent/Registrar shall charge the registered
<br /> owner of such Certificate of Obligation with all legal, printing, and other expenses in connection
<br /> therewith. Every replacement certificate of obligation issued pursuant to the provisions of this
<br /> Section by viriue of the fact that any Certificate of Obligation is lost, stolen, or destroyed shall
<br /> constitute a contractual obligation of the Issuer whether or not the lost, stolen, or destroyed
<br /> Certificate of Obligation shall be found at any time, or be enforceable by anyone, and shall be
<br /> entitled to all the benefits of this Ordinance equally and proportionately with any and all other
<br /> Certificates of Obligation duly issued under this Ordinance.
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