Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />, , <br /> <br />Section 2l. Lost, Stolen, Destroyed or Mutilated Bonds. <br />In the event that any Bond is lost, stolen, destroyed or <br />mutilated, the Agency will cause to be issued a new Bond(s) on <br />reasonable terms and conditions, including the payment of costs <br />and the posting of a surety bond if the Agency deems a surety <br />bond necessary, as may from time to time be determined and <br />prescribed by resolution. The Agency may authorize the new <br />Bond to be signed and authenticated in a manner as it <br />determines in the resolution. <br /> <br />Section 22. Cancellation of Bonds. All Bonds <br />surrendered to the Fiscal Agent or any Paying Agent for payment <br />at maturity or, in the case of call and redemption prior to <br />maturity, at the redemption date, shall upon payment therefor <br />be cancelled immediately and transmitted to the Treasurer or <br />destroyed by the Fiscal Agent at the direction of the Agency, <br />If Bonds are destroyed a certificate of destruction shall <br />forthwith be transmitted to the Treasurer. Any Bonds purchased <br />by the Fiscal Agent shall be cancelled immediately and <br />transmitted to the Treasurer or destroyed. All of the <br />cancelled Bonds not destroyed shall remain in the custody of <br />the Treasurer until destroyed pursuant to due authorization. <br /> <br />Section 23. Amendments. This Resolution, and the rights <br />and obligations of the Agency and of the Owners of the Bonds <br />may be modified or amended at any time by supplemental <br />resolution adopted by the Agency: (a) without the consent of <br />Bondholders, if the modification or amendment is for the <br />purpose of adding covenants and agreements further to secure <br />Bond payment, to prescribe further limitations and restrictions <br />on Bond issuance, to surrender rights or privileges of the <br />Agency, to make modifications not affecting any outstanding <br />series of Bonds only with the consent of the Fiscal Agent, for <br />the purpose of curing any ambiguities, defects or inconsistent <br />provisions in this Resolution or to insert such provisions <br />clarifying matters or questions arising under this Resolution <br />as are necessary and desirable to accomplish the same, provided <br />that the modifications or amendments do not adversely affect <br />the rights of the Owners of any outstanding Bonds; (b) for any <br />purpose with the written consent of the Bond Insurer or consent <br />of the Bondholders holding sixty percent (60%) in aggregate <br />principal amount of the outstanding Bonds, exclusive of Bonds, <br />if any, owned by the Agency or the City, and obtained as <br />hereinafter set forth; provided, however, that no modification <br />or amendment shall, without the express consent of the <br />registered owner of the Bond affected, reduce the principal <br />amount of any Bond, reduce the interest rate payable on it, <br />extend its maturity or the times for paying interest, change <br />the monetary medium in which principal and interest is payable, <br />or create a mortgage pledge or lien upon the revenues superior <br />to or on a parity with the pledge and lien created for the <br />Bonds and any Parity Bonds or reduce the percentage of consent <br />required for amendment or modification. <br /> <br />11-30-84 <br />l282p/228l/04 <br /> <br />-25- <br />