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If this bond shall not be presented for payment or redemption on the date fixed therefor, the City may
<br /> deposit in trust with the Paying Agent an amount sufficient to pay such bond or the redemption price,as appropriate,
<br /> and thereafter the Registered Owner shall look only to the funds so deposited in trust with the Paying Agent for
<br /> payment, and the City shall have no further obligation or liability with respect thereto.
<br /> All bonds which have been redeemed shall be cancelled and cremated or otherwise destroyed and shall not
<br /> be reissued and a counterpart of the certificate of cremation or other destruction evidencing such cremation or other
<br /> destruction shall be furnished by the Registrar to the City;provided,however,that one or more new registered bonds
<br /> shall be issued for the unredeemed portion of any bond without charge to the holder thereof.
<br /> The principal of and premium, if any, and interest on this bond and all other bonds of the issue, and any
<br /> bonds hereafter issued ranking on a parity herewith are, to the extent and as provided in the Ordinance, payable
<br /> solely out of the Sinking Fund created pursuant to the Ordinance, to be provided from the county economic
<br /> development income tax revenues to be received by the City.
<br /> In the manner provided in the Ordinance,the Ordinance and the rights and obligations of the City and of
<br /> the owners of the bonds may(with certain exceptions as stated in the Ordinance)be modified or amended with the
<br /> consent of the owners of at least sixty percent(60%} in aggregate principal amount of outstanding bonds exclusive
<br /> of bonds, if any, owned by the City. Additional bonds ranking on a parity with the bonds authorized by the
<br /> Ordinance and other bonds,junior to the bonds authorized by the Ordinance,can be issued in accordance with the
<br /> terms of the Ordinance.
<br /> This bond is transferable or exchangeable only upon the Bond Register, by the Registered Owner hereof
<br /> in person, or by his attorney duly authorized in writing, upon surrender of this bond together with a written
<br /> instrument of transfer or exchange satisfactory to the Registrar duly executedby the Registered Owner or his attorney
<br /> duly authorized in writing, provided, however, that no such transfer or exchange shall be authorized or effected
<br /> unless the Registered Owner delivers a written notice to the City and the Registrar stating the intent to make such
<br /> transfer or exchange at least fifteen(15) days prior to the date such transfer or exchange is intended to take place,
<br /> and provided further, that no transfer or exchange for less than the entire principal amount of this bond shall be
<br /> authorized to be made or effected by the Registrar. In the event that this bond is duly transfened or exchanged in
<br /> accordance herewith,a new fully registered bond or bonds in the same aggregate principal amount and of the same
<br /> maturity shall be executed and delivered in the name of the transferee or transferees or to the Registered Owner, as
<br /> the case may be, in exchange therefor. This bond may be transferred or exchanged without cost to the Registered
<br /> Owner,except for any tax or governmental charge required to be paid with respect to the transfer or exchange. The
<br /> Registrar shall not be obligated to make any exchange or transfer of this bond if it has been called for redemption
<br /> or during the period from the fifteenth day of any calendar month immediately preceding an interest payment date
<br /> on this bond until such interest payment date. The City,the Registrar and the Paying Agent for this bond may treat
<br /> and consider the person in whose name this bond is registered as the absolute owner hereof for all purposes,
<br /> including for the purpose of receiving payment of, or on account of, the principal hereof and interest due hereon.
<br /> In the event this bond is mutilated, lost, stolen or destroyed,the City may execute and the Registrar may
<br /> authenticate a new bond of like date,maturity and denomination as this bond, which new bond shall be marked in
<br /> a manner to distinguish it from this bond;provided that,in the case of this bond being mutilated,this bond shall first
<br /> be surrendered to the City and the Registrar,and in the case of this bond being lost, stolen or destroyed,there shall
<br /> first be furnished to the City and the Registrar evidence of such loss,theft or destruction satisfactory to the City and
<br /> the Registrar, together with indemnity satisfactory to them. In the event that this bond, being lost, stolen or
<br /> destroyed, shall have matured, instead of issuing a duplicate bond the City and the Registrar may, upon receiving
<br /> indemnity satisfactory to them, pay this bond without surrender hereof. In such event, the City and the Registrar
<br /> may charge the owner of this bond with their reasonable fees and expenses in connection with the above. Every
<br /> substitute bond issued by reason of this bond being lost,stolen or destroyed shall,with respect to this bond,constitute
<br /> a substitute contractual obligation of the City,whether or not this bond,being lost,stolen or destroyed shall be found
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