Ord 1996-038 - Laserfiche WebLink

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qM definitive Bonds in lieu of which they are delivered, without coupons, and with such appropriate insertions, omissions, substitutions and other variations as the officers of the City executing such temporary Bonds may determine, as evidenced by their signing of such temporary Bonds. (b) Until exchanged for Bonds in defmitive fonn, such Bonds in temporary fonn shall be entitled to the benefit and security of this Ordinance. (c) The City, without unreasonable delay, shall prepare, execute and deliver to the Paying Agent/Registrar the Bonds in defmitive fonn; thereupon, upon the presentation and surrender of the Bond or Bonds in temporary fonn to the Paying AgentJRegistrar, the Paying AgentJRegistrar shall cancel the Bonds in temporary fonn and authenticate and deliver in exchange therefor a Bond or Bonds of the same maturity and series, in definitive form, in the authorized denomination, and in the same aggregate principal amount, as the Bond or Bonds in temporary fonn surrendered. Such exchange shall be made without the making of any charge therefor to any Owner. Section 3.09. Replacement Bonds. (a) Upon the presentation and surrender to the Paying AgentJRegistrar, at the Designated Payment/Transfer Office, of a mutilated Bond, the Paying AgentJRegistrar shall authenticate and deliver in exchange therefor a replacement Bond of like tenor and principal amount, bearing a number not contemporaneously outstanding. The City or the Paying Agent! Registrar may require the Owner of such Bond to pay a sum sufficient to cover any ta.x or other governmental charge that is authorized to be imposed in connection therewith and any other expenses connected herewith. ~ (b) In the event that any Bond is lost, apparently destroyed or wrongfully taken, the Paying Agent/Registrar, pursuant to the applicable laws of the State of Texas and in the absence of notice or knowledge that such Bond has been acquired by a bona fide purchaser, shall authenticate and deliver a replacement Bond of like tenor and principal amount, bearing a number not contemporaneously outstanding, provided that the Owner fust: (i) furnishes to the Paying AgentJRegistrar satisfactory evidence of his or her ownership of and the circumstances of the loss, destruction or theft of such Bond; (ii) furnishes such security or indemnity ~s may be required by the Paying Agent/Registrar and the City to save them hannless; (iii) pays all expenses and charges in connection therewith, including, but not limited to, prinring costs, legal fees, fees of the Paying AgentJRegistrar and any ta.x or other governmental charge that is authorized to be imposed; and (iv) satisfies any other reasonable requirements imposed by the City an~ the Paying AgentJRegistrar. (c) If, after the delivery of such replacement Bond, a bona fide purchaser of the original Bond in lieu of which such replacement Bond was issued presents for payment such original Bond, the City and the Paying Agent/Registrar shall be entitled to recover such replacement Bond from the person to whom it was delivered or any person taking therefrom, except a bona fide purchaser, and shall be entitled to recover upon the security or """""'I!.lM\WW... """""""ItDN=rn 9