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<br />e <br /> <br />e <br /> <br />them to save each of them harmless from any loss or damage with respect <br />thereto. Also, in every case of loss, theft, or destruction of a Bond, the <br />registered owner shall furnish to the Issuer and to the Paying <br />Agent/Registrar evidence to their satisfaction' of the loss, theft, or <br />destruction of such Bond, as the case may be. In every case of damage or <br />mutilation of a Bond, the registered owner shall surrender to the Paying <br />Agent/Registrar for cancellation the Bond so damaged or mutilated. <br /> <br />(c) No Default Occurred. Notwithstanding the foregoing <br />provisions of this Section, in the event any such Bond shall have matured, <br />and no default has occurred which is then continuing in the payment of the <br />principal of, redemption premium, if any, or interest on the Bond, the <br />Issuer may authorize the payment of the same (without surrender thereof <br />except in the case of a damaged or mutilated Bond) instead of issuing a <br />replacement Bond, provided security or indemnity is furnished as above <br />provided in this Section. <br /> <br />(d) Charv;e for Issuinv; Replacement Bonds. Prior to the <br />issuance of any replacement bond, the Paying Agent/Registrar shall charge <br />the registered owner of such Bond with all legal, printing, and other <br />expenses in connection therewith. Every replacement bond issued pursuant <br />to the provisions of this Section by virtue of the fact that any Bond is lost, <br />stolen, or destroyed shall constitute a contractual obligation of the Issuer <br />whether or not the lost, stolen, or destroyed Bond shall be found at any <br />time, or be enforceable by anyone, and shall be entitled to all the benefits <br />of this Ordinance equally and proportionately with any and all other Bonds <br />duly issued under this Ordinance. <br /> <br />(e) Authority for Issuinv; Replacement Bonds. In accordance <br />with Section 6 of Vernon's Ann. Tex. Civ. St. Art. 717k-6, this Section 11 <br />of this Ordinance shall constitute authority for the issuance of any such <br />replacement bond without necessity of further action by the governing body <br />of the Issuer or any other body or person, and the duty of the replacement <br />of such bonds is hereby authorized and imposed upon the Paying Agent/ <br />Registrar, and the Paying Agent/Registrar shall authenticate and deliver <br />such Bonds in the form and manner and with the effect, as provided in <br />Section 4(a) of this Ordinance for Bonds issued in exchange for other <br />Bonds. <br /> <br />SECTION 11. CUSTODY, APPROVAL, AND REGISTRATION OF <br />BONDS; BOND COUNSEL'S OPINION, AND CUSIP NUMBERS. The Mayor of <br />the Issuer is hereby authorized to have control of the Bonds initially issued <br />and delivered hereunder and all necessary records and proceedings per- <br />taining to the Bonds pending their delivery and their investigation, <br />examination, and approval by the Attorney General of the State of Texas, <br />and their registration by the Comptroller of Public Accounts of the State of <br />Texas. Upon registration of the Bonds said Comptroller of Public Accounts <br />(or a deputy designated in writing to act for said Comptroller) shall <br />manually sign the Comptroller's Registration Certificate attached to such <br />Bonds, and the seal of said Comptroller shall be impressed, or placed in <br />facsimile, on such Certificate. The approving legal opinion of McGinnis, <br />Lochridge & Kilgore, Bond Counsel and the assigned CUSIP numbers may, at <br /> <br />16 <br />