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<br /> (c) If, after the delivery of such replacement Bond, a bona <br /> fide purchaser of the original Bond in lieu of which such <br /> replacement Bond was issued presents for payment such original Bond, <br /> the City and the Paying Agent/Registrar shall be entitled to recover <br /> such replacement Bond from the person to whom it was delivered or <br /> any person taking therefrom, except a bona fide purchaser, and shall <br /> be entitled to recover upon the security or indemnity provided <br /> therefor to the extent of any loss, damage, cost or expense incurred <br /> by the City or the Paying Agent/Registrar in connection therewith. <br /> (d) In the event that any such mutilated, lost, apparently <br /> destroyed or wrongfully taken Bond has become or is about to become <br /> due and payable, the Paying Agent/Registrar, in its discretion, <br /> instead of issuing a replacement Bond, may pay such Bond. <br /> (e) Each replacement Bond delivered in accordance with this <br /> Section shall constitute an original additional contractual <br /> obligation of the City and shall be entitled to the benefits and <br /> security of this Ordinance to the same extent as the Bond or Bonds <br /> in lieu of which such replacement Bond is delivered. <br /> ARTICLE IV <br /> REDEMPTION OF BONDS BEFORE MATURITY <br /> Section 4.01. Limitation on Redem~tion. <br /> <br /> The Bonds shall be subject to redemption before scheduled <br /> maturity only as provided in this Article IV. <br /> Section 4.02. Optional Redemption. <br /> (a) The City reserves the option to redeem Bonds maturing <br /> on and after August 1, 2001, in whole or in part, before their <br /> respective scheduled maturity dates, on August I, 2000, or on any <br /> date thereafter (such redemption date or dates to be fixed by the <br /> City) at a price equal to the principal amount of the Bonds called <br /> for redemption plus accrued interest from the most recent interest <br /> payment date on which interest has been paid or duly provided for to <br /> the redemption date. <br /> (b) The City, at least 45 days before the redemption date <br /> (unless a shorter period shall be satisfactory to the Paying <br /> Agent/Registrar), shall notify the Paying Agent/Registrar of such <br /> redemption date and of the principal amount of Bonds to be redeemed. <br /> Section 4.03. Partial Redemption. <br /> (a) If less than all of the Bonds are to be redeemed, the <br /> City shall determine the maturity or maturities and the amounts <br /> thereof to be redeemed and shall direct the Paying Agent/Registrar <br /> 4177f <br /> -ll- <br />