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so the actual time of the execution of such ?votes shall hold the proper office with the County, although at the date of such Notes such person O may not have held such office or may not have been so authorized. SECTION 7. NO -ES MUTILATED, DESTROYED, STOLEN OR LOST. • In case any Note shall become mutilated, or be destroyed, stolen or lost, the County may in its discretion issue and deliver a new Note �• of like tenor as the Note so mutilated, destroyed, stolen or lost, in exchange and substitution for such mutilated Note, upon surrender and cancellation of such mutilated Note, if any, or in lieu of and substitution for the Note, if any, destroyed, stolen or lost, and upon the holder furnishing the County proof of his ownership thereof and satisfactory _n6ernit and co,-.)lyinc with such other reasonable regulations and co ncli_ic—nn ^o:.., .-,:y c_'escribe and paying such exnenses as ..r,_ Cc ...__ _nc -. 1'_ Notes so surren ereG sha11 UU cancc-II-d ✓ _,... C _o.. f t' -e rd If any such Notcz shall have nate eG C7_ D= _ .] _ `_� I:8t1y �, -n-stead of upon being w g cest.oyed 'without Cherp^_. All suc.. d•, __^ate 2:ctes =ss - -- 'a._,._ _o _� section shall crnstitute c__ :,al, a_di iona_ the part of the Counts whether or not :';a :.o_ t, stolen or destroy,•,} l"ores be at any ti--,, -`--rid a:'. One, .._ch d:;p"cat.e Notes :hail be entitled to ecual Y_op:rt o: aye benefits and ria'-ts as to lien on -nd no:__:o Y.._ security for pa,. -,e :_ t. -le fu: -td-, as as all othe_ obllt'titions issued hereunder. SECTION 8. PiU Ok IiVIAIFIPTI ON. The Notes shall. not be- redeemable eredeemable prior to their stated dates of maturity. SECTION 9. NEGOTIABILITY AND RI-GISTRATION. The Notes issued hereunder shall be and shall have all of the qualities and incidents of negotiable instruments under the law merchant and the Laws of the State of Florida, and each successive holder, in accept- ing any of such Notes shall be conclusively deemed to have agreed �. 3