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1 <br /> payment of the principal of and interest on such Bond. The owner of a Bond so provided for <br /> shall cease to be entitled to any lien, benefit or security of this ordinance except the right to <br /> receive payment of principal, premium, if any, and interest from such special account, and such <br /> Bond shall be deemed to be not outstanding under this ordinance. <br /> The Registrar shall provide notice of defeasance of Bonds to Registered Owners and to <br /> each party entitled to receive notice in accordance with Section 17 of this ordinance. <br /> Section 14. Lost, Stolen or Destroyed Bonds. In case any Bond or Bonds shall be lost, <br /> stolen or destroyed, the Registrar may execute and deliver a new Bond or Bonds of like date, <br /> number and tenor to the Registered Owner thereof upon the Registered Owner's paying the <br /> expenses and charges of the City and the Registrar in connection therewith and upon his/her <br /> filing with the Chief Financial Officer and the Registrar evidence satisfactory to the Chief <br /> Financial Officer and the Registrar, respectively, that such Bond was actually lost, stolen or <br /> destroyed and of his/her ownership thereof, and upon furnishing the City and the Registrar with <br /> indemnity satisfactory to the Chief Financial Officer and the Registrar,respectively. <br /> Section 15. Sale of Bonds. <br /> (a) Bond Sale. The Bonds shall be sold at a competitive public sale. The Chief <br /> Financial Officer or her designee shall: (a) establish the date of the public sale; (b) establish the <br /> criteria by which the successful bidder will be determined; (c)request that a good faith deposit in <br /> an amount to be specified in the Notice of Sale accompany each bid; (d) cause notice of the <br /> public sale to be given(the"Notice of Sale"); and (e)provide for such other matters pertaining to <br /> the public sale as she deems necessary or desirable. The Chief Financial Officer shall cause <br /> notice of the public sale to be given and provide for such other matters pertaining to the public <br /> sale as she deems necessary or desirable. <br /> -§36 • <br /> P:120287 CM\M20287 6N9 10/11/16 <br />