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<br />. <br /> <br />. <br /> <br />8 <br /> <br />. <br /> <br />. <br /> <br />Section 21. 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 determine~ 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 for payment at maturity or, in <br />the case of call and redemption prior to maturity, at the <br />redemption date, shall upon payment therefor be cancelled <br />immediately and destroyed by the Fiscal Agent unless otherwise <br />directed by the Agency. If Bonds are destroyed a certificate <br />of destruction shall forthwith be transmitted to the <br />Treasurer. Any Bonds purchased by the Fiscal Agent shall be <br />cancelled immediately and transmitted to the Treasurer or <br />destroyed. All of the cancelled Bonds not destroyed shall <br />remain in the custody of the Treasurer until destroyed pursuant <br />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, but only with the prior <br />written consent of the Bank so long as the Letter of Credit is <br />outstanding and with the prior written consent of the Developer <br />so long as the obligations of the Agency to the Developers <br />hereunder and under the Agreement are outstanding: (a) without <br />the consent of Bondholders, if the modification or amendment is <br />for the purpose of adding covenants and agreements further to <br />secure Bond payment, to prescribe further limitations and <br />restrictions on Bond issuance, to surrender rights or <br />privileges of the Agency, to make modifications not affecting <br />any outstanding series of Bonds only with the consent of the <br />Fiscal Agent, for the purpose of curing any ambiguities, <br />defects or inconsistent provisions in this Resolution or to <br />insert such provisions clarifying matters or questions arising <br />under this Resolution as are necessary and desirable to <br />accomplish the same, provided that the modifications or <br />amendments do not adversely affect the rights of the Owners of <br />any outstanding Bonds; (b) for any purpose with the consent of <br />the Bank and the Bondholders holding fifty percent (50%) in <br />aggregate principal amount of the outstanding Bonds, exclusive <br />of Bonds, if any, owned by the Agency or the City, and obtained <br />as hereinafter set forth; provided, however, that no <br />modification or amendment shall, without the express consent of <br />the registered owner of the Bond affected, reduce the principal <br /> <br />12-28-85 <br />0063k/2281/05 <br /> <br />-34- <br />