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<br />, .. <br /> <br />(f) Taxes, Fees and Chare:es. For every transfer or exchange of Note 2 <br />the Registrar may impose a charge upon the owner thereof sufficient to reimburs~ <br />the Registrar for any tax, fee, or other governmental charge required to be paid <br />with respect to such transfer or exchange. <br /> <br />(g) Mutilated, Lost, Stolen or Destroyed Note 2. In case Note 2 shall <br />become mutilated or be lost, stolen, or destroyed, the Registrar shall deliver a new <br />Note of like amount, maturity dates and tenor in exchange and substitution for and <br />upon cancellation of such mutilated Note 2 or in lieu of and in substitution for such <br />Note 2 lost, stolen, or destroyed, upon the payment of the reasonable expenses and <br />charges of the Registrar in connection therewith; and, in the case Note 2 is lost, <br />stolen, or destroyed, upon filing with the Registrar of evidence satisfactory to it <br />that such Note 2 was lost, stolen, or destroyed, and of the ownership thereof, and <br />upon furnishing to the Registrar of an appropriate bond or indemnity in form, <br />substance, and amount satisfactory to it, in which both the City and the Registrar <br />shall be named as obligees. Note 2 so surrendered to the Registrar shall be <br />cancelled by it and evidence of such cancellation shall be given to the City. If the <br />mutilated, lost, stolen, or destroyed Note 2 has already matured or been called for <br />redemption in accordance with its terms, it shall not be necessary to issue a new <br />Note prior to payment. <br /> <br />3.04. Preparation and Delivery. Note 2 shall be prepared under the direction <br />of the County Auditor and shall be executed on behalf of the City by the signatures <br />of its Mayor and Assistant City Clerk. In case any officer whose signature shall <br />appear on Note 2 shall cease to be such officer before the delivery of Note 2, such <br />signature shall nevertheless be valid and sufficient for all purposes, the same as if <br />such officer had remained in office until delivery. When Note 2 has been so <br />executed, it shall be delivered by the Assistant City Clerk to the Owner thereof <br />upon closing on the acquisition and conveyance of the Property from the City to the <br />Owner in accordance with the Agreement. <br /> <br />Section 4. Security Provisions. <br /> <br />4.01. Pledge. The City hereby pledges to the payment of the principal of and <br />interest on Note 2 all Available Tax Increment as defined in Note 2. <br /> <br />Available Tax Increment shall be applied to payment of the principal of and interest <br />on Note 2 in accordance with the terms of the form of Note set forth in Section 2 of <br />this resolution. <br /> <br />4.02. Bond Fund. Until the date Note 2 is no longer outstanding and no <br />principal thereof or interest thereon (to the extent required to be paid pursuant to <br />this resolution) remains unpaid, the City shall maintain a separate and specialuBond <br />Fund" to be used for no purpose other than the payment of the principal of and <br />interest on Note 2. The City irrevocably agrees to appropriate to the Bond Fund in <br />each year Available Tax Increment necessary to pay principal and interest due on <br />Note 2 in such year. , Any amounts remaining in the Bond Fund shall be transferred <br />to the City's account for TIF District No. 1-4 upon the payment of all principal and <br />interest to be paid with respect to Note 2. <br /> <br />SJll93340 <br />CE155-7 <br /> <br />7 <br /> <br />Revised <br />