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<br />have the charactenstIcs, (vi) shall be signed and sealed, and (Vil) shall be payable as to prmclpal and mterest, aU
<br />as provlded, and m the manner requITed or mdIcated, m the Farm of Bonds set forth in thlS Ordmance.
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<br />SectlOn 308 Temporary Bonds
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<br />(a) Followmg the delIvery and reglstratIon of the ImtIaI Bonds and pendmg the preparatlOn of
<br />defIllltIve Bonds, the proper officers of the Clty may execute and, upon the Clty'S request, the Paymg
<br />Agent/Reglstrar shall authentIcate and dehver, one or more temporary Bonds that are pnnted, lithographed,
<br />typewrItten, mimeographed or otherwise produced, many denommatlOn, substantIally of the tenor of the
<br />defimtIve Bonds m heu of whIch they are dehvered, WIthout coupons, and wlth such appropnate msertlOns,
<br />omISSlOns, SubstltutlOns and other vanatIons as the officers of the City executmg such temporary Bonds may
<br />determlOe, as eVldenced by thelr slgnmg of such temporary Bonds
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<br />(b) Until exchanged for Bonds m defimtlVe form, such Bonds m temporary form shall be entItled
<br />to the benefit and secunty of thIS Ordinance
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<br />(c) The CIty, wlthout unreasonable delay, shall prepare, execute and delIver to the Paymg
<br />Agent/RegIstrar the Bonds m definihve form, thereupon, upon the presentatlOn and surrender of the Bond or
<br />Bonds m temporary form to the Paying AgentJRegistrar, the PaYIDg Agent/Registrar shall cancel the Bonds III
<br />temporary form and authentIcate and delIver in exchange therefor a Bond or Bonds of the same maturlty and
<br />senes, m defmltIve form, m the authorized denommation, and m the same aggregate prmcipal amount, as the
<br />Bond or Bonds in temporary form surrendered. Such exchange shall be made without the makmg of any charge
<br />therefor to any Owner
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<br />SectlOn 3 09 Replacement Bonds
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<br />(a) Upon the presentahon and surrender to the Paymg Agent/Reglstrar, at the Deslgnated
<br />Payment/Transfer Office, of a mutllated Bond, the PaYlllg Agent/Reglstrar shall authenhcate and delIver m
<br />exchange therefor a replacement Bond of like tenor and prmcIpal amount, bearlllg a number not
<br />contemporaneously outstandmg. The City or the Paymg Agent/ Registrar may reqUlre the Owner of such Bond
<br />to pay a sum suffiCIent to cover any tax or other governmental charge that lS authonzed to be Imposed m
<br />connectlOn therewIth and any other expenses connected hereWIth.
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<br />(b) In the event that any Bond IS lost, apparently destroyed or wrongfully taken, the PaYlOg
<br />Agent/ReglStrar, pursuant to the apphcable laws of the State of Texas and m the absence of notIce or knowledge
<br />that such Bond has been acqwred by a bona fide purchaser, shall authentlcate and delIver a replacement Bond
<br />of lIke tenor and prmcipal amount, bearmg a number not contemporaneously outstanding, proVIded that the
<br />Owner first:
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<br />(i) funnshes to the Paymg Agent/RegIstrar satIsfactory eVIdence of hIS or her ownershlP
<br />of and the clrcumstances of the loss, destructlOn or theft of such Bond,
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<br />(iI) funnshes such security or mdernruty as may be reqmred by the Paymg AgentJReglstrar
<br />and the City to save them harmless;
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<br />(m) pays all expenses and charges III connectlOn therewlth, Illcludmg, but not hmlted to,
<br />pnntmg costs, legal fees, fees of the Paymg AgentJRegIstrar and any tax or other governmental charge
<br />that IS authonzed to be Imposed, and
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