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Series 1994A
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Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
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Series 1994A
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SECTION 2.09. Mutilated, Destroyed, Stolen or Lost Bonds. If any <br /> Bond shall become mutilated, the Trustee, at the expense of the Owner thereof, shall <br /> thereupon authenticate and deliver a new Bond of like series, maturity and Authorized <br /> Denomination in exchange and substitution for the Bond so mutilated, but only upon <br /> surrender, at the Corporate Trust Office of the Trustee, of the Bond so mutilated. Every <br /> mutilated Bond so surrendered to the Trustee shall be cancelled by the Trustee and <br /> delivered to, or upon the order of, the Authority. <br /> If any Bond shall be lost, destroyed or stolen, evidence of such loss, <br /> destruction or theft may be submitted to the Trustee and, if such evidence be satisfactory to <br /> the Trustee and indemnity satisfactory to the Trustee shall be given, the Trustee, at the <br /> expense of the Owner, shall thereupon authenticate and deliver a new Bond of like series, <br /> maturity and Authorized Denomination in lieu of and in substitution for the Bond so lost, <br /> destroyed or stolen. <br /> The Trustee may require payment of a reasonable sum for each new Bond <br /> issued under this Section and of the expenses which may be incurred by the Authority and <br /> the Trustee in the premises. Any Bond issued under the provisions of this Section in lieu <br /> of any Bond alleged to be lost, destroyed or stolen shall be equally and proportionately <br /> entitled to the benefits of this Indenture with all other Bonds secured by this Indenture. <br /> Neither the Authority nor the Trustee shall be required to treat both the original Bond and <br /> any replacement Bond as being Outstanding for the purpose of determining the principal <br /> amount of Bonds which may be issued hereunder or for the purpose of determining any <br /> percentage of Bonds Outstanding hereunder, but both the original and replacement Bond <br /> shall be treated as one and the same. <br /> SECTION 2.10. Temporary Bonds. The Bonds issued under this <br /> Indenture may be initially issued in temporary form exchangeable for definitive Bonds when <br /> ready for delivery. The temporary Bonds may be printed, lithographed or typewritten, <br /> shall be of such denominations as may be determined by the Authority, shall be in fully <br /> registered form and may contain such reference to any of the provisions of this Indenture as <br /> may be appropriate. Every temporary Bond shall be executed and authenticated in <br /> accordance with the terms hereof. If the Authority issues temporary Bonds it will execute <br /> and furnish definitive Bonds without delay and thereupon the temporary Bonds shall be <br /> surrendered, for cancellation, at the Corporate Trust Office of the Trustee, and the Trustee <br /> shall deliver in exchange for such temporary Bonds an equal aggregate principal amount of <br /> definitive Bonds of Authorized Denominations. Until so exchanged, the temporary Bonds <br /> shall be entitled to the same benefits under this Indenture as definitive Bonds delivered <br /> hereunder. <br /> SECTION 2.11. Validity of'Bonds. From and after the issuance of the <br /> Bonds the fmdings and determinations of the Authority respecting the Bonds shall be <br /> conclusive evidence of the existence of the facts so found and determined in any action or <br /> proceeding in any court in which the validity of the Bonds shall be required to see to the <br /> existence of any fact or to the performance of any condition or to the taking of any <br /> LA1-63221.5 28 <br />
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