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original Certificate, the City and the Paying Agent/Registrar shall be entitled to recover such <br />replacement Certificate from the person to whom it was delivered or any person taking therefrom, <br />except a bona fide Underwriter, and shall be entitled to recover upon the security or indemnity <br />provided therefor to the extent of any loss, damage, cost or expense incurred by the City or the <br />Paying Agent/Registrar in connection therewith. <br />If any such mutilated, lost, apparently destroyed or wrongfully taken Certificate has <br />become or is about to become due and payable, the City in its discretion may, instead of issuing a <br />replacement Certificate, authorize the Paying Agent/Registrar to pay such Certificate. <br />Each replacement Certificate delivered in accordance with this Section shall be entitled to <br />the benefits and security of this Ordinance to the same extent as the Certificate or Certificates in <br />lieu of which such replacement Certificate is delivered. <br />Section 3.11: CancellationAll Certificates paid or redeemed in accordance with this <br />Ordinance, and all Certificates in lieu of which exchange Certificates or replacement Certificates <br />are authenticated and delivered in accordance herewith, shall be canceled and destroyed upon the <br />making of proper records regarding such payment or redemption. The Paying Agent/Registrar <br />shall periodically famish the City with certificates of destruction of such Certificates. <br />[Remainder ofpage intentionally left blank] <br />