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<br />(ii) furnishes such security or indemnity as may be required by <br />the Paying Agent/Registrar, and acceptable to the City, to save it harmless; <br /> <br />(Hi) pays all expenses and charges in connection therewith, <br />including, but not limited to, printing costs, legal fees, fees of the Paying <br />Agent/Registrar and any tax or other governmental charge that is authorized <br />to be imposed; and <br /> <br />(iv) satisfies any other reasonable requirements imposed by the <br />City and the Paying Agent/Registrar. <br /> <br />(c) If, after the delivery of such replacement Bond, a bona fide purchaser <br />of the original Bond in lieu of which such replacement Bond was issued presents for <br />payment such original Bond, the City and the Paying Agent/Registrar shall be <br />entitled to recover such replacement Bond from the person to whom it was delivered <br />or any person taking therefrom, except a bona fide purchaser, and shall be entitled <br />to recover upon the security or indemnity provided therefor to the extent of any <br />loss, damage, cost or expense incurred by the City or the Paying Agent/Registrar in <br />connection therewith. <br /> <br />(d) In the event that any such mutilated, lost, apparently destroyed or <br />wrongfully taken Bond has become or is about to become due and payable, the <br />Paying Agent/Registrar, in its discretion, instead of issuing a replacement Bond, <br />may pay such Bond. <br /> <br />(e) Each replacement Bond delivered in accordance with this Section <br />shall constitute an original additional contractual obligation of the City and shall be <br />entitled to the benefits and security of this Ordinance to the same extent as the <br />Bond or Bonds in lieu of which such replacement Bond is delivered. <br /> <br />ARTICLE IV <br />REDEMPTION OF BONDS BEFORE MATURITY <br /> <br />Section 4.01. Limitation on Redemption. <br /> <br />The Bonds shall be subject to redemption before scheduled maturity only as <br />provided in this Article IV. <br /> <br />Section 4.02. Optional Redemption. <br /> <br />(a) The City reserves the option to redeem Bonds maturing on and after <br />August 1, 1999, in whole or in part, before their respective scheduled maturity <br />dates, on August 1, 1998, or on any interest payment date thereafter (such <br />redemption date or dates to be fixed by the City) at a price equal to the principal <br />amount of the Bonds called for redemption plus accrued interest from the most <br />recent interest payment date on which interest has been paid or duly provided for to <br />the redemption date. <br /> <br />2383f <br /> <br />-10- <br />