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<br /> a first charge on said net revenues. The City shall not be
<br /> obligated to pay said bonds or the interest or premium, if any,
<br /> thereon except from the net revenues of the works, and said bonds
<br /> shall not constitute an indebtedness of the City within the meaning
<br /> of the provisions and limitations of the constitution of the State
<br /> of Indiana.
<br /> Any 1993 Bonds issued under this Ordinance may be initially
<br /> issued in temporary form exchangeable for definitive bonds. The
<br /> temporary bonds may be printed, lithographed or typewritten, shall
<br /> be of such denominations as may be determined by the Controller,
<br /> shall be in fully registered form and may contain such reference to
<br /> any of the provisions of this Ordinance as may be appropriate. If
<br /> temporary bonds are issued, definitive bonds will be executed and
<br /> furnished without delay and thereupon the temporary bonds shall be
<br /> surrendered for cancellation at the principal corporate trust
<br /> office of the Registrar and the Registrar shall deliver in exchange
<br /> for such temporary bonds an equal aggregate principal amount of
<br /> definitive bonds of the same interest rates and maturities. Until
<br /> so exchanged, the temporary bonds shall be entitled to the same
<br /> benefits under this Ordinance as definitive bonds issued hereunder.
<br /> Each 1993 Bond shall be transferable or exchangeable only upon
<br /> the books of the City kept for that purpose by the Registrar, by
<br /> the registered owner thereof in person, or by his attorney duly
<br /> authorized in writing, upon surrender of such 1993 Bond together
<br /> with a written instrument of transfer or exchange satisfactory to
<br /> the Registrar duly executed by the registered owner or his attorney
<br /> duly authorized in writing, and thereupon a new fully registered
<br /> bond or bonds in the same aggregate principal amount, and of the
<br /> same maturity, shall be executed and delivered in the name of the
<br /> transferee or transferees or the registered owner, as the case may
<br /> be, in exchange therefor. The costs of such transfer or exchange
<br /> shall be borne by the City. The City, Registrar and Paying Agent
<br /> may treat and consider the persons in whose name such 1993 Bonds
<br /> are registered as the absolute owners thereof for all purposes
<br /> including for the purpose of receiving payment of, or on account
<br /> of, the principal thereof and interest and premium, if any, due
<br /> thereon.
<br /> In the event any 1993 Bond is mutilated, lost, stolen or
<br /> destroyed, the City may execute and the Registrar may authenticate
<br /> a new bond of like date, maturity and denomination as that
<br /> mutilated, lost, stolen or destroyed, which new bond shall be
<br /> marked in a manner to distinguish it from the bond for which it was
<br /> issued, provided that, in the case of any mutilated bond, such
<br /> mutilated bond shall first be surrendered to the Registrar, and in
<br /> the case of any lost, stolen or destroyed bond there shall be first
<br /> furnished to the Registrar evidence of such loss, theft or
<br /> destruction satisfactory to the City and the Registrar, together
<br /> with indemnity satisfactory to them. In the event any such bond
<br /> shall have matured, instead of issuing a duplicate bond, the City
<br /> and the Registrar may, upon receiving indemnity satisfactory to
<br /> them, pay the same without surrender thereof. The City and the
<br /> Registrar may charge the owner of such 1993 Bond with their
<br /> reasonable fees and expenses in this connection. Any bond issued
<br /> pursuant to this paragraph shall be deemed an original, substitute
<br /> contractual obligation of the City, whether or not the lost, stolen
<br /> or destroyed 1993 Bond shall be found at any time, and shall be
<br /> entitled to all the benefits of this Ordinance, equally and
<br /> proportionately with any and all other 1993 Bonds issued hereunder.
<br /> Section 3. Terms of Redemption. The 1993 Bonds maturing on
<br /> or after December 1, 2003 are redeemable prior to maturity at the
<br /> nntinn of the city on December 1, 2002 or any date thereafter, on
<br />
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