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<br /> i: <br /> <br /> <br /> G: <br /> r; <br /> <br /> , <br /> <br /> ~ <br /> ; <br /> ;stolen, or destroyed Certificates of Obligation shall be made <br /> "iby the registered owner thereof to the Paying Agent/Registrar. <br /> i:In every case of loss, theft, or destruction of a Certificate <br /> ^~of Obligation, the registered owner applying for a replacement <br /> !'certificate of obligation shall furnish to the Issuer and to <br /> B?the Paying Agent/Registrar such security or indemnity as may be <br /> `required by them to save each of them harmless from any loss or <br /> damage with respect thereto. Also, in every case of loss, <br /> ~or destruction of a Certificate of Obligation, the <br /> iIregistered owner shall furnish to the Issuer and to the Paying <br /> 9'Agent/Registrar evidence to their satisfaction of the loss, ~ <br /> j;theft, or destruction of such Certificate of Obligation, as the r <br /> 11;case may be. In every case of damage or mutilation of a <br /> fCertificate of Obligation, the registered owner sha11 surrender <br /> l~to the Paying Agent/Registrar for cancellation the Certificate <br /> ~;of Obligation so damaged or mutilated. <br /> i; (c) No Default Occurred. Notwithstanding the foregoing <br /> provisions of this Section, in the event any such Certificate <br /> ~;of Obligation shall have matured, and no default has occurred <br /> I=which is then continuing in the payment of the principal of, <br /> ~,redemption premium, if any, or interest on the Certificate of <br /> 3iObligation, the Issuer may authorize the payment of the same <br /> !(without surrender thereof except in the case of a damaged or <br /> Vmutilated Certificate of Obligation) instead of issuing a <br /> ?replacement Certificate of Obligation, provided security or <br /> indemnity is furnished as above provided in this Section. <br /> (d) Charge for Issuing Replacement Certificates of <br /> [Obligation. Prior to the issuance of any replacement certif- <br /> icate of obligation, the Paying Agent/Registrar shall charge <br /> [the registered owner of such Certificate of Obligation with all <br /> 1;legal, printing, and other expenses in connection therewith. ~ <br /> I'.Every replacement certificate of obligation issued pursuant to <br /> ;the provisions of this Section by virtue of the fact that any <br /> i!Certificate of Obligation is lost, stolen, or destroyed shall <br /> constitute a contractual obligation of the Issuer whether or <br /> snot the lost, stolen, or destroyed Certificate of Obligation <br /> ~:shall be found at any time, or be enforceable by anyone, and <br /> 1;shall be entitled to all the benefits of this Ordinance egually ~ <br /> 'and proportionately with any and all other Certificates of <br /> [Obligation duly issued under this Ordinance. <br /> i <br /> (e) Authority for Issuing Replacement Certificates of <br /> 110bligation. In accordance with Section 6 of Vernon's Ann. Tex. <br /> Civ. St. Art. 717k-6, this Section 12 of this Ordinance shall <br /> ~'constitute authority for the issuance of any such replacement <br /> ~certificate of obligation without necessity of further action <br /> 1 by the governing body of the Issuer or any other body or <br /> Yperson, and the duty of the replacement of such certificates of <br /> gobligation is hereby authorized and imposed upon the Paying <br /> 1Agent/Registrar, and the Paying Agent/Registrar shall authen- <br /> ticate and deliver such Certificates of Obligation in the form <br /> 'and manner and with the effect, as provided in Section 6(d) of <br /> i`this Ordinance for Certificates of Obligation issued in <br /> conversion and exchange for other Certificates of Obligation. <br /> <br /> ~ <br /> Section 13. CUSTODY, APPROVAL, AND REGISTRATION OF <br /> ~CERTIFICATES OF OBLIGATION; BOND COUNSEL'S OPINION, AND CUSIP <br /> 'NUMBERS. The Mayor of the Issuer is hereby authorized to have <br /> ~rcontrol of the Initial Certificate of Obligation issued <br /> hereunder and all necessary records and proceedings pertaining <br /> ~'to the Initial Certificate of Obligation pending its delivery <br /> ~;and its investigation, examination, and approval by the <br /> !Attorney General of the State of Texas, and its registration by <br /> ~;the Comptroller of Public Accounts of the State of Texas. Upon <br /> registration of the Initial Certificate of Obligation said <br /> 6!Comptroller of Public Accounts (or a deputy designated in <br /> lwriting to act for said Comptroller) shall manually sign the <br /> a <br /> E 20 <br /> ~ <br /> I <br /> <br />