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<br /> shall be signed and sealed, and (vii) the principal of and interest <br /> on the Bonds shall be payable, all as provided, and in the manner <br /> required or indicated, in the Form of Bonds set forth in this <br /> Ordinance. <br /> Section 3.08. Replacement Bonds. <br /> <br /> (a) Upon the presentation and surrender to the Paying <br /> Agent/Registrar of a mutilated Bond, the Paying Agent/Registrar <br /> shall authenticate and deliver in exchange therefor a replacement <br /> Bond of like tenor and principal amount, bearing a number not <br /> contemporaneously outstanding. The City or the Paying <br /> Agent/Registrar may require the Holder of such Bond to pay a sum <br /> sufficient to cover any tax or other governmental charge that is <br /> authorized to be imposed in connection therewith and any other <br /> expenses connected herewith. <br /> (b) In the event that any Bond is lost, apparently <br /> destroyed or wrongfully taken, the Paying Agent/Registrar, pursuant <br /> to the applicable laws of the State of Texas and in the absence of <br /> notice or knowledge that such Bond has been acqui red by a bona fide <br /> purchaser, shall authenticate and deliver a replacement Bond of like <br /> tenor and principal amount, bearing a number not contemporaneously <br /> outstanding, provided that the Holder first: <br /> (i) furnishes to the Paying Agent/Registrar <br /> satisfactory evidence of his or her ownership of and the <br /> circumstances of the loss, destruction or theft of such Bond; <br /> (ii) furnishes such security or indemnity as may be <br /> required by the Paying Agent/Registrar, and acceptable to the <br /> City, to save it harmless; <br /> (iii) pays all expenses and charges in connection <br /> therewith, including, but not limited to, printing costs, <br /> legal fees, fees of the Paying Agent/Registrar and any tax or <br /> other governmental charge that is authorized to be imposed; and <br /> (iv) satisfies any other reasonable requirements <br /> imposed by the City and the Paying Agent/Registrar. <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 /> 4172f <br /> -ll- <br />