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delivered in the name of the transferee or transferees or the registered owner, as
<br />the case may be, in exchange therefor. The costs of such transfer or exchange
<br />shall be borne by the City, except for any tax or governmental charges required to
<br />be paid in connection therewith, which shall be payable by the person requesting
<br />such transfer or exchange. The City, the Registrar and the Paying Agent may treat
<br />and consider the persons in whose names such Bonds are registered as the
<br />absolute owners thereof for all purposes including for the purpose of receiving
<br />payment of, or on account of, the principal thereof and interest and premium, if
<br />any, due thereon.
<br />(e) Mutilated, Lost, Stolen or Destroyed Bonds. In the event any
<br />Bond is mutilated, lost, stolen or destroyed, the City may execute and the
<br />Registrar may authenticate a new bond of like date, maturity and denomination as
<br />that mutilated, lost, stolen or destroyed, which new bond shall be marked in a
<br />manner to distinguish it from the bond for which it was issued, provided that, in
<br />the case of any mutilated bond, such mutilated bond shall first be surrendered to
<br />the Registrar, and in the case of any lost, stolen or destroyed bond there shall be
<br />first furnished to the Registrar evidence of such loss, theft or destruction
<br />satisfactory to the Controller and the Registrar, together with indemnity
<br />satisfactory to them. In the event any such bond shall have matured, instead of
<br />issuing a duplicate bond, the City and the Registrar may, upon receiving
<br />indemnity satisfactory to them, pay the same without surrender thereof. The City
<br />and the Registrar may charge the owner of such Bond with their reasonable fees
<br />and expenses in this connection. Any Bond issued pursuant to this paragraph shall
<br />be deemed an original, substitute contractual obligation of the City, whether or
<br />not the lost, stolen or destroyed Bond shall be found at any time, and shall be
<br />entitled to all the benefits of this Ordinance, equally and proportionately with any
<br />and all other Bonds issued hereunder.
<br />SECTION 3. Terms of Redemption. The Bonds are subject to redemption prior to
<br />maturity, at the option of the City on thirty (30) days' notice, in whole or in part, in any order of
<br />maturities selected by the City and by lot within a maturity, beginning not earlier than the Bonds
<br />maturing February 1, 2025 or on such other dates and with premiums, if any, and other terms as
<br />determined by the Controller with the advice of the City's financial advisor, as evidenced by the
<br />execution of the Bond Purchase Agreement and the Bonds by the Controller.
<br />Notice of redemption shall be mailed by first -class mail to the address of each registered
<br />owner of a Bond to be redeemed as shown on the Registration Record not more than sixty (60)
<br />days and not less than thirty (30) days prior to the date fixed for redemption except to the extent
<br />such redemption notice is waived by owners of Bonds redeemed; provided, however, that failure
<br />to give such notice by mailing, or any defect therein, with respect to any Bond shall not affect the
<br />validity of any proceedings for the redemption of any other Bonds. The notice shall specify the
<br />date and place of redemption, the redemption price and the CUSIP numbers, if applicable, of the
<br />Bonds called for redemption. The place of redemption may be determined by the City. Interest
<br />on the Bonds so called for redemption shall cease on the redemption date fixed in such notice if
<br />sufficient funds are available at the place of redemption to pay the redemption price on the date
<br />so named, and thereafter, such Bonds shall no longer be protected by this Ordinance and shall
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