O-1989-1635 - Laserfiche WebLink

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::.~, "i:S~ct1~L EP:0l 80/ce e e Section 4.06. Mutilated, Destroyed, Lost or Stolen Bonds. The Authority hereby instructs the Bank to deliver and issue Bonds in exchange for or in lieu of mutilated, destroyed, lost or stolen Bonds as long as the same does not result in an overissuance and subject to the conditions hereinafter set forth. The Bank will issue and deliver a new Bond in exchange for a mutilated Bond surrendered to it. The Bank will issue a new Bond in lieu of a Bond for which it re- ceives written represen.tation from the registered owner thereof that the certificate representing such Bond is destroyed, lost or stolen, without. the surrender or produc- tion of the original certificate, so long as (a) there is delivered to the Bank such security or indemnity as it may require (which may be the Bank's blanket indemnity bond) to save both the Bank and the Authority. harmless and (b) neither the Authority nor the Bank have received notice that such Bond has been acq~ired by a bona fide purchaser. The Bank will pay, on behalf of the Authority, the interest on, and the principal of, a Bond for which' it receives written representation that such Bond is destroyed, lost or stolen following the stated maturity or redemption of sueh Bond, without the surrender or production of the original certif- iea te . On satisfaction of the Bank and the Authority, the certificate number on the Bond Register will be cancelled with a notation that it has been mutilated, destroyed, lost or stolen and a new Bond will. be issued of the same series and of like tenor and principal amount bearing a number (according to the Bond Register) not contemporaneously outstanding. The Bank shall charge the registered owner of the Bond the Bank's fees and expenses (including any tax or other governmental charge imposed) in connection with issuing a new Bond in lieu of or exchange for a mutilated, destroyed, lost or stolen Bond. . . The Bank represents that there is or will be in effect one or more insurance policies of the type which is commonly. known as "banker's blanket bond", which covers or . . . .:...:... -,.'~. ..~'5Pi~~~~-'.tt.P..-~1..,.~.~~~~~~.,~.J1!S\~~,clO. ,<<;..(.~.B.9L~&~~q,i-~;,~" ~~~2.e~;'i,+"7.'~'o~i7~I4Il,B~'?';~.""..t;.~,.: ;(.::.,.......~;'.;.':~~.i~. . .'.-r.... I../~;'.v.ue......a. east:''''':l.,uO''O'"uv ,coveraY~'X"tJ.&.'any 1J"e'ca;:lu8.t:l' Or'...,. ..' event and which is or are issued by an insurance company or companies licensed to carryon business of insurance in the 039DESAM/024COl -7-