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<br />loss, theft, or destruction of a Bond, the registered owner applying for a replacement bond shall furnish to the City
<br />and to the Paying A~entIRegistrar such securitr or indemnitr as may be required by them to save each of them
<br />harmless from any loss or damage with respect thereto, Also, in every case of loss, theft, or destruction of a Bond,
<br />the re~istered owner shall furnish to the City and to the Paying Agent/Registrar evidence to their satisfaction of the
<br />loss, theft, or destruction of such Bond, as the case may be. In every case of damage or mutilation of a Bond, the
<br />registered owner shall surrender to the Pa~~ A~ent/R.egistrar for cancellation the Bond so damaged or mutilated.
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<br />(c) No Default Occurred, Notwithstanding the foregoing provisions of this Section, in the event any such
<br />Bond shall have matured, and no default has occurred which is then continuing in the payment of the principal of,
<br />redemption premium, if any, or interest on the Bond, the City may authorize the payment of the same (without
<br />surrender thereof except in the case of a damaged or mutilated Bond) instead of issuing a replacement Bond,
<br />provided security or indemnity is furnished as above provided in this Section,
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<br />(d) Char2e for. Issuin~ ReolacetD:ent Bon~, Prior to the issuance of any replacement bond, the Paying
<br />AgentlRegistrar shall charge the registered owner of such Bond with all legal, printing, and other expenses in
<br />connection therewith. Every replacement bond issued pursuant to the provisions of this Section by virtue of the fact
<br />that any Bond is lost, stolen; or destroyed shall constitute a contractual'obligation of the City whether or not the lost,
<br />stolen, or destrOfed Bond shall be found at any time, or be enforceable by anyone, and shall be entitled to all the
<br />benefits of this Ordinance equally and proportionately with any and all other Bonds duly issued under this
<br />Ordinance,
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<br />(e) Authority for Issu~g ~lacement Bonds. In accordance witQ Chal!ter 1201, Texas Government Code,
<br />as amended, this Section of this Ordinance shall constitute authority for the issuance of any such replacement bond
<br />without necessity of furth~ action b~ the governing bod~ of the City or an~ other body or person, and the duty of
<br />the replacement of such bonds is hereby authorized and imposed upon the Paying Agent! Registrar, and the Paying
<br />('\gentl.R..egistrar shall authenticate an4 deliver ~uch Bonds in the form an4 IQan.ner and with the effect, as provided in
<br />Section 4 of this Ordinance for Bonds issued in exchange for other Bonds.
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<br />Section 13. CUSTODY. APPROVAL. AND REGISTRATION OF BONDS: BOND COUNSEL'S
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<br />OPINION. AND CUSIP NUMBERS, The Mayor of the City is hereby authorized to have control of the Bonds
<br />iP.tti31ly ~su~ ~d delivered hereWlder and all nec~ records and @'oc~in&S p'~aining to the Bonds pending
<br />their delivery and their investigation, examination, and approval by the Attorney General of the State of Texas, and
<br />their regis\fation b~!be Comptroller of Public Accounts of the State of Texas, Upop registration of the Bonds said
<br />Comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign
<br />th~ Comptrollt::r'& Re,&istration Certill.cat<c Q.~ched to sQch Bonds, (!D4 the s~l of said Comptroller shall be
<br />impressed, or placed in facsimile, on such Certificate. The approving legal opinion of Akin, Gump, Strauss, Hauer
<br />~ feld.. L.L.P.. Bond Counsel and the assigned CUSIP munbers may, at th~ option of the City, be printed on the
<br />Bonds issued and delivered under this Ordinance, but neither shall have any legal effect, and shall be solely for the
<br />~onveni~~ and ipformation of the registered owners of the Bonds.
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<br />Section 14. COVENANTS OF THE CITY. (a) General Covenants, The City covenants and represents
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<br />that:
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<br />(i) The City is a duly incorporated Home Rule City, having more than 5000 inhabitants, operating and
<br />existing under the Constitution and laws of the State of Texas, and is duly authorized under the laws of the
<br />State of Texas to create and issue the Bonds; all action on its part for the creation and issuance of the Bonds
<br />has been duly and effectively taken; and the Bonds in the hands of the Owners thereofare and will be valid
<br />and enforceable obli~ations of the Citr in accordance with their terms; and
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<br />(ii) The Bonds shall be ratably secured in such manner that no one Bond shall have preference over
<br />other Bonds.
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<br />(b) SDecific Covenants. The City covenants and rt:J!Tesents that, while the Bonds are outstanding and
<br />unpaid, it will:
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<br />Q63919JlOOl AUSTIN 28034.8
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