Laserfiche WebLink
amount thereof upon maturity or redemption, or for replacement, transfer or <br />exchange, such Bond shall be cancelled and destroyed by the Bond Registrar, and <br />counterparts of a certificate of destruction evidencing such destruction shall <br />be furnished to the County. <br />SECTION 10. BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In case <br />any Bond shall become mutilated, or be destroyed, stolen or lost, the County <br />may, in its discretion, issue and deliver a new Bond of like tenor as the Bond <br />so mutilated, destroyed, stolen or lost, in exchange for and cancellation of <br />such mutilated Bond or in lieu of and substitution for the Bond destroyed, <br />stolen or lost, upon the Registered Owner furnishing the County and the Bond <br />Registrar proof of his ownership thereof and the loss thereof (if lost, stolen <br />or destroyed) and satisfactory indemnity and complying with such other <br />reasonable regulations and conditions as the Board may prescribe and paying such <br />expenses as the Board and the Bond Registrar may incur. All Bonds so <br />surrendered shall be cancelled by the Bond Registrar. If any such Bonds shall <br />have matured or be about to mature, instead of issuing a substitute Bond, the <br />County may pay the same, upon being indemnified as aforesaid, and if such Bond <br />be lost, stolen or destroyed, without surrender thereof. <br />Any such duplicate Bonds issued pursuant to this section shall <br />constitute original, additional, contractual obligations on the part of the <br />County whether or not the lost, stolen or destroyed Bonds be at any time found <br />by anyone, and such duplicate Bonds shall be entitled to equal and proportionate <br />benefits and rights as to lien on and source and security for payment from the <br />funds, as hereinafter pledged, to the same extent as all other Bonds issued <br />hereunder. <br />SECTION 11. PROVISIONS FOR REDEMPTION. The Bonds or any portions <br />thereof shall be subject to redemption prior to their respective stated dates <br />of maturity, at the option of the County, at such times and in such manner as <br />shall be determined by subsequent resolution adopted prior to the sale thereof. <br />Notice of such redemption shall, not more than forty-five (45) days <br />and not less than thirty (30) days prior to the redemption date, (i) be filed <br />with the Bond Registrar and the Paying Agent, and (ii) be mailed, postage <br />prepaid, to all Registered Owners of Bonds to be redeemed at their addresses as <br />they appear of record on the books of the Bond Registrar as of forty-five (45 <br />days prior to the date fixed for redemption. Interest shall cease to accrue on <br />any Bond duly called for prior redemption on the redemption date, if payment <br />thereof has been duly provided. The County and the Bond Registrar shall not be <br />required to issue or to register the transfer of or exchange any Bonds then <br />considered for redemption during a period beginning at the close of business on <br />the fifteenth (15th) day next preceding any date of selection of Bonds to be <br />redeemed and ending at the close of business on the day of mailing the <br />applicable notice of redemption, as hereinafter provided, or to register the <br />- 7 - <br />