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describe such amendment in the next annual report, and shall include, a narrative explanation of <br /> the reason for the amendment and its impact on the type (or in the case of a change of accounting <br /> principles, on the presentation) of financial information or operating data being presented by the <br /> City. In addition, if the amendment relates to the accounting principles to be followed in <br /> preparing financial statements, (i) notice of such change shall be given in the same manner as for <br /> a material event under Subsection (c), and (ii)the annual report for the year in which the change <br /> is made shall present a comparison (in narrative form and also, if feasible, in quantitative form) <br /> between the financial statements as prepared on the basis of the new accounting principles and <br /> those prepared on the basis of the former accounting principles. <br /> (f) Bond Owner's Remedies Under This Section. The right of any bondowner <br /> or beneficial owner of Bonds to enforce the provisions of this section shall be limited to a right to <br /> obtain specific enforcement of the City's obligations under this section, and any failure by the <br /> City to comply with the provisions of this undertaking shall not be an event of default with <br /> respect to the Bonds. For purposes of this section, "beneficial owner" means any person who has <br /> the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, <br /> any Bonds, including persons holding Bonds through nominees or depositories. <br /> Section 16. Lost, Stolen or Destroyed Bonds. In case any Bond or Bonds shall be lost, <br /> stolen or destroyed, the Bond Registrar may execute and deliver a new Bond or Bonds of like <br /> date, number and tenor to the Registered Owner thereof upon the Registered Owner's paying the <br /> expenses and charges of the City in connection therewith and upon his/her filing with the City <br /> evidence satisfactory to the City that such Bond was actually lost, stolen or destroyed and of <br /> his/her ownership thereof, and upon furnishing the City with indemnity satisfactory to the City. <br /> -36- P:\CMW\CMW5IL 12/06/02 <br />