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<br />The City shall be liable for the Agent's reasonable charges, if <br />any, with respect to providing the information referred to herein. <br /> <br />Section 22. Mutilated, Destroyed or Lost Bonds. In case any <br />Bond shall become mutilated or defaced in respect of the body of such <br />Bond so as to impair its value to the registered holder, or shall be <br />believed by the City and Agent to have been destroyed or lost, upon <br />clear and unequivocable proof of ownership satisfactory to the City and <br />Agent and upon the surrender at the named office of the Agent of such <br />mutilated or defaced Bond sufficiently identifiable by number and <br />description, or upon the receipt of evidence satisfactory to the City <br />and Agent of such destruction or loss, and upon payment of all expenses <br />incurred by the City and Agent in the premises and after compliance <br />with such other reasonable regulations as the City and Agent may <br />prescribe, and, in the case of a Bond claimed to have been destroyed or <br />lost, upon receipt of indemnity satisfactory to the City and Agent, and <br />in the absence of notice to the City or Agent that such Bond has been <br />acquired by a bona fide purchaser, the City shall execute and the Agent <br />shall authenticate and deliver at the named office of the Agent a new <br />Bond of like maturity and principal amount, bearing a number not <br />contemporaneously outstanding, in exchange and substitution for and <br />upon cancellation of the mutilated or defaced Bond, or in lieu of and <br />in substitution for the Bond so destroyed or lost. If any such <br />destroyed or lost Bond has become or is about to become due and <br />payable, payment of the amount due thereon may, in the discretion of <br />the City, be made by the Agent upon receipt of like proof, indemnity <br />and payment of expenses without surrender of such Bond. <br /> <br />Any such replacement Bond issued pursuant to this section shall <br />be entitled to equal and proportionate benefits with all other Bonds <br />issued hereunder. The City and the Agent shall not be required to <br />treat both the original Bond and any replacement Bond as being <br />outstanding, but both the original and replacement Bond shall be <br />treated as one and the same. <br /> <br />Section 23. Refunding Bonds. The Bonds may be refunded upon <br />determination of the Council that the public interest or necessity <br />requires the refunding of the Bonds and the levy of reassessments as <br />security for the refunding bonds. Such refunding may be undertaken by <br />the Council when, in its opinion, relief may be provided to the owners <br />of the property assessed from extraordinarily high interest rates on <br />the Bonds to be refunded. Said refunding bonds shall bear interest at <br />the rate of not to exceed the rate set forth in the resolution of <br />intention to refund the Bonds, the last installment of which said <br />refunding bonds shall mature not to exceed twenty-four (24) years from <br />the second day of September next succeeding twelve (12) months from <br />their date. Any adjustments to assessments resulting from such <br />refunding shall be done on a pro rata basis. <br /> <br />Section 24. Resolution Effective. This Resolution shall become <br />effective immediately upon th'~ occurrence of all of the following: <br /> <br />-13- <br />