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e e other covenants and agreements thereafter to be observed. grant additional rights or remedies to bondholders, or to surrender, restrict. or limit any right or power herein reserved to or conferred upon the City; (2) To make such provisions for the purpose of curing any ambiguity, or curing, correcting, or supplementing any defective provision contained in this Ordinance. or in regard to clarifying matters or questions arising under this Ordinance, as are necessary or desirable and not contrary to or inconsistent with this Ordinance and which shall not adversely affect the interests of the holders of the Parity Bonds; (3) To modify any of the provisions of this Ordinance in any other respect whatever. provided that (i) such modification shall be. and be expressed to be. effective only after all Parity Bonds outstanding at the date of the adoption of such modification shall cease to be outstanding, and (ii) such modification shall be specifically referred to in the text of all Additional Bonds issued after the date of the adoption of such modification. SECTION 18. DAMAGED, MUTll..ATED. LOST, SOTLEN. OR DESlROYED BONDS. (a) In the event any outstanding Bond is damaged, mutilated. lost stolen, or destroyed, the Paying Agenl/Registrar shall cause to be printed, executed. and delivered, a new bond of the same principal amount. maturity, and interest rate, as the damaged, mutilated, lost, stolen. or destroyed Bond, in replacement for such Bond in the manner hereinafter provided. (b) Application for replacement of damaged. mutilated, lost. stolen, or destroyed Bonds shall be made to the Paying Agent/Registrar. In every case of loss, theft, or destruction of a Bond. the applicant for a replacement bond shall furnish to the City and to the Paying Agent/Registrar such security or indemnity as may be required by them to save each of them harmless from any loss or damage with respect thereto. Also, in every case of loss, theft. or destruction of a Bond, the applicant shall furnish to. the City and to the Paying Agent/Registrar evidence to their satisfaction of the loss, thefr.. or destruction of such Bond. as the case may be. In every case of damage or mutilation of a Bond. the applicant shall surrender to the Paying Agent/Registrar for cancellation the Bond so damaged or mutilated. (c) Notwithstanding the foregoing provisions of this Section, in the event any such Bond shall have matured, and no default has occurred which is then continuing in the payment of the principal of, redemption premium, if any, or interest on the Bond. the City may authorize the payment of the same (without surrender thereof expect in the case of a damaged or mutilated Bond) instead of issuing a replacement Bond. provided security or indemnity is furnished as above provided in this Section. (d) Prior to the issuance of any replacement bond, the Paying Agent/Registrar shall charge the owner of such Bond with all legal, printing. and other expenses in connection therewith. Every replacement bond issued pursuant to the provisions of this Section by virtue of the fact that any Bond. is lost stolen. or destroyed shall constitute a contractual obligation of the City whether or not the lost. stolen or destroyed Bond shall be found at any time. or be enforceable by anyone, and shall be entitled to all the benefits of this Ordinance equally and proportionately with any and all other Bonds duly issued under this Ordinance. (e) In accordance with Section 6 of Article 717k-6. V.A.T.C.S., this Section of this Ordinance shall constitute authority for the issuance of any such replacement bond without necessity of further action by the governing body of the City or any other body or person. and the duty of the replacement of such bonds is hereby authorized and imposed upon the Paying Agenl/Registrar. and the Paying Agenl/Registrar shall authenticate and deliver such bonds in the fonn and manner and with the effect. as provided in Section 4(d) of this Ordinance for Bonds issued in exchange for other Bonds. SECTION 19. DEFEASANCE OF THE BONDS. (a) Any Bond and the interest thereon shall 17