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<br /> <br /> <br /> <br /> <br /> <br /> Paying Agent/Registrar for cancellation the Certificate of Obligation so damaged or muti- <br /> lated. <br /> <br /> (c) No Default Occurred. Notwithstanding the foregoing provisions of this Section, <br /> in the event any such Certificate of Obligation shall have matured, and no default has <br /> occurred which is then continuing in the payment of the principal ot redemption premium, <br /> if any, or interest on the Certificate of Obligation, the Issuer may authorize the payment of <br /> the same (without surrender thereof except in the case of a damaged or mutilated <br /> Certificate of Obligation) instead of issuing a replacement Certificate of Obligation, provided <br /> security or indemnity is furnished as above provided in this Section. <br /> <br /> (d) Charge for Issuing Re.placement Certificates of ObliQation. Prior to the issuance <br /> of any replacement certificate of obligation, the Paying Agent/Registrar shall charge the <br /> registered owner of such Certificate of Obligation with all legal, printing, and other expenses <br /> in connection therewith. Every replacement certificate of obligation issued pursuant to the <br /> provisions of this Section by virtue of the fact that any Certificate of Obligation is lost, <br /> stolen, or destroyed shall constitute a contractual obligation of the Issuer whether or not the <br /> lost, stolen, or destroyed Certificate of Obligation shall be found at any time, or be <br /> enforceable by anyone, and shall be entitled to all the beneSts of this Ordinance equally and <br /> proportionately with any and all other Certificates of Obligation duly issued under this <br /> Ordinance. <br /> <br /> (e) Authoritv for IssuingReplacement Certificates of Obligation. In accordance with <br /> Section 6 of TEX. REV. CN. STAT. ANN. art. 717k-6 (Vernon, as amended), this Section <br /> of this Ordinance shall constitute authority for the issuance of any such replacement <br /> certificate of obligation without necessity of further action by the governing body of the <br /> Issuer or any other body or person, and the duty of the replacement of such certificate of <br /> obligations is hereby authorized and imposed upon the Paying Agent/Registrar, and the <br /> Paying Agent/Registrar shall authenticate and deliver such Certificates of Obligation in the <br /> form and manner and with the effect, as provided in Section 6(d) of this Ordinance for <br /> Certificates of Obligation issued in conversion and exchange for other Certificates of <br /> Obligation. <br /> <br /> Section 13. CUSTODY, APPROVAL., AND REGISTRATION OF CERTIFICATES <br /> OF OBLIGATION; BOND COUNSEL'S OPINION; CUSIP NUMBERS AND <br /> CONTINGENT INSURANCE PROVISION, IF OBTAINED. The Mayor of the Issuer is <br /> hereby authorized to have control of the Initial CertiScate of Obligation issued hereunder <br /> and all necessary records and proceedings pertaining to the Initial Certificate of Obligation <br /> pending its delivery and its investigation, examination, and approval by the Attorney General <br /> of the State of Texas, and its registration by the Comptroller of Public Accounts of the State <br /> of Texas. Upon registration of the Initial Certificate of Obligation said Comptroller of <br /> Public Accounts (or a deputy designated in writing to act for said Comptroller) shall <br /> manually sign the Comptroller's Registration Certificate on the Initial Certificate of <br /> Obligation, and the seal of said Comptroller shall be impressed, or placed in facsimile, on <br /> <br /> 27 <br />