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<br />(b) Where this Ordinance provides for notice in any manner, such notice
<br />may be waived in writing by the Holder entitled to receive such notice, either
<br />before or after the event with respect to which such notice is given, and such waiver
<br />shan be the equivalent of such notice. Waivers of notice by Holders shan be filed
<br />with the Paying Agent/Registrar, but such filing shan not be a condition precedent
<br />to the validity of any action taken in reliance upon such waiver.
<br />
<br />Section 29. CANCELLATION. All Bonds surrendered for payment,
<br />redemption, transfer, exchange, or replacement, if surrendered to the Paying
<br />Agent/Registrar, shan be promptly cancened by the Paying Agent/Registrar and, if
<br />surrendered to the City, shall be delivered to the Paying Agent/Registrar and, if not
<br />already cancened, shan be cancelled promptly by the Paying Agent/Registrar. The
<br />City at any time may deliver to the Paying Agent/Registrar for cancenation any
<br />Bonds previously certified or registered and delivered which the City may have
<br />acquired in any manner whatsoever, and all Bonds so delivered shaH be cancel1ed
<br />promptly by the Paying Agent/Registrar. All cancelled Bonds held Paying
<br />Agent/Registrar shan be destroyed as directed by the City.
<br />
<br />Section 30. MUTILATED, DESTROYED, LOST AND STOLEN BONDS. If (i)
<br />any mutilated Bond is surrendered to the Paying Agent/Registrar, or the City and
<br />the Paying Agent/Registrar receive evidence to their satisfaction of the
<br />destruction, loss, or theft of any Bond, and (ii) there is delivered to the City and the
<br />Paying Agent/Registrar such security or indemnity as may be required to save each
<br />of them harmless, then, in the absence of notice to the City or the Paying
<br />Agent/Registrar that such Bond has been acquired by a bona fide purchaser, the City
<br />shall execute, and upon 'its request, the Paying Agent shall register and deliver, in
<br />exchange for or such mutilated, destroyed, lost, or stolen Bond, a new Bond of the
<br />same Stated Maturity and of like tenor and principal amount, bearing a number not
<br />contemporaneously outstanding.
<br />
<br />In case any such mutilated destroyed, lost, or stolen Bond has become or is
<br />about to become due and payable, the City, in its discretion, may, instead of issuing
<br />a new Bond, pay such Bond.
<br />
<br />Upon the issuance of any new Bond under this Section, the City may require
<br />payment by the Holder of a sum sufficient to cover any tax or other governmental
<br />charge imposed in relation thereto and any other expenses (including, but not limited
<br />to, the fees and expenses of the Paying Agent/Registrar) connected therewith.
<br />
<br />Every new Bond issued pursuant to this Section in lieu of any mutilated,
<br />destroyed, lost or stolen Bond shan constitute a replacement of the prior obligation
<br />of the city, whether or not the mutilated, destroyed, lost, or stolen Bond shan be
<br />enforceable at any time by anyone, and sha1l be entitled to all of the benefits of this
<br />Ordinance equany and ratably with all other Outstanding Bonds.
<br />
<br />The provisions of this Section are exclusive and shan preclude, to the extent
<br />lawful, all other rights and remedies with respect to the replacement and payment
<br />of mutilated, destroyed, lost, or stolen Bonds.
<br />
<br />Section 31. SATISFACTION OF OBLIGATION. If the City shall payor cause
<br />to be paid, or there shan be paid otherwise to the Holders, the principal of,
<br />premium, if any, and interest on the Bonds, at the times and in the manner
<br />
<br />1037f
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