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<br /> before the delivery of any such Bond, manually sign and date such
<br /> Certificate, and no such Bond shall be deemed to be issued or
<br /> outstanding unless such Certificate is so executed. No additional
<br /> ordinances, orders, or resolutions need be passed or adopted by the
<br /> City Council or any other body or person so as to accomplish the
<br /> foregoing conversion and exchange or replacement of any Bond or
<br /> portion thereof, and the Paying Agent/Registrar shall provide for
<br /> the printing, execution, and delivery of the substitute'Bonds in the
<br /> manner prescribed herein, and said Bonds shall be of customary type
<br /> and composition and be printed on paper with lithographed or steel
<br /> engraved borders of customary weight and strength. Pursuant to
<br /> Article 717k-6, Vernon's Annotated Civil Statutes, as amended, and
<br /> particularly Section 6 thereof, the duty of conversion and exchange
<br /> or replacement of Bonds as aforesaid is hereby imposed upon the
<br /> Paying Agent/Registrar, and, upon the execution of the above Paying
<br /> Agent/Registrar's Authentication Certificate, the converted and
<br /> exchanged or replaced Bonds shall be valid, incontestable, and
<br /> enforceable in the same manner and with the same effect as the
<br /> Initial Bond which was originally delivered pursuant to this
<br /> Ordinance, approved by the Attorney General, and registered by the
<br /> Comptroller of Public Accounts.
<br /> (c) Bonds issued in conversion and exchange or replacement
<br /> of any other Bond or portion thereof, (i) shall be issued in fully
<br /> registered form, without interest coupons, with the principal of and
<br /> interest on such Bonds to be payable only t.o the registered owners
<br /> thereof, (ii) may be redeemed prior to their scheduled maturities,
<br /> (iii) may be transferred and assigned, (iv) may be converted and
<br /> exchanged for other Bonds, (v) shall have the characteristics,
<br /> (vi) shall be signed and sealed, and (vii) the principal of and
<br /> interest on the Bonds shal1 be payable, all as provided, and in the
<br /> manner required or indicated, in the Form of Bonds set forth in this
<br /> Ordinance.
<br /> Section 3.08. Temporary Bonds.
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<br /> (a) Following the delivery and registration of the Initial
<br /> Bonds and pending the preparation of definitive Bonds, the proper
<br /> officers of the Ci ty may execute and, upon the Ci ty I S request, the
<br /> Paying Agent/Registrar shall authenticate and deliver, one or more
<br /> temporary Bonds that are printed, lithographed, typewritten,
<br /> mimeographed or otherwise produced, J.n any denomination,
<br /> substantially of the tenor of the definitive Bonds in lieu of which
<br /> they are delivered, without coupons, and with such appropriate
<br /> insertions, omissions, substitutions and other variations as the
<br /> officers of the City executing such temporary Bonds may determine,
<br /> as evidenced by their signing of such temporary Bonds.
<br /> (b) Until exchanged for Bonds in definitive form, such
<br /> Bonds in temporary form shall be entitled to the benefit and
<br /> security of this Ordinance.
<br /> 4588f
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