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s <br />may prescribe and paying such expenses as the Board and the Bond <br />Registrar may incur. All Bonds so surrendered shall be cancelled <br />by the Bond Registrar. If any such Bonds shall have matured or be <br />about to mature, instead of issuing a substitute Bond, the County <br />may pay the same, upon being indemnified as aforesaid, and if such <br />Bond be lost, stolen or destroyed, without surrender thereof. <br />Any such duplicate Bonds issued pursuant to this section <br />shall constitute original, additional, contractual obligations on <br />the part of the County whether or not the lost, stolen or <br />destroyed Bonds be at any time found by anyone, and such duplicate <br />Bonds shall be entitled to equal and proportionate benefits and <br />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 <br />Bonds issued hereunder. <br />SECTION 12. PROVISIONS FOR REDEMPTION. The Bonds or any <br />portions thereof shall be subject to redemption prior to their <br />respective stated dates of maturity, at the option of the County or <br />otherwise, at such times and in such manner as shall be determined <br />by subsequent resolution adopted prior to the sale thereof. <br />Notice of such redemption shall, not more than forty-five <br />(45) days and not less than thirty (30) days prior to the <br />redemption date, (i) be filed with the Bond Registrar and Paying <br />Agent, and (ii) be mailed, postage prepaid, to all Registered <br />Owners of Bonds to be redeemed at their addresses as they appear of <br />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 <br />to accrue on any Bond duly called for prior redemption on the <br />redemption date, if payment thereof has been duly provided. The <br />privilege of transfer or exchange of any of the Bonds so called for <br />redemption shall be suspended commencing 45 days preceding the date <br />fixed for redemption. <br />SECTION 13. FORM OF BONDS. The text of the Bonds, the <br />validation certificate thereon and the certificate of <br />authentication thereon shall be in substantially the following <br />form, with such omissions, insertions and variations as may be <br />necessary and/or desirable and authorized or permitted by this <br />Resolution or any subsequent resolution adopted prior to the <br />issuance thereof, or as may be necessary to comply with applicable <br />laws, rules and regulations of the United States and the State of <br />Florida in effect upon the issuance thereof: <br />No. R- $ <br />UNITED STATES OF AMERICA <br />STATE 07 FLORIDA <br />INDIAN RIVER COUNTY <br />WATER REVENUE BOND, SERIES 1958 <br />RATE OF INTEREST MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP <br />7 <br />