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Notwithstanding the foregoing requirement, if Parity Bonds <br /> are to be issued for the purpose of refunding at or prior to <br /> their maturity any part or all of the then outstanding Parity <br /> Bonds and the issuance of such refunding Parity Bonds results in <br /> a debt service savings and does not require an increase of more <br /> than $5, 000 in any year for principal and interest on such <br /> refunding Parity Bonds, the certificate required by subsection <br /> A(5) of this section need not be obtained. <br /> B. Nothing herein contained shall prevent the City from <br /> issuing revenue bonds or other obligations which are a charge <br /> upon the Revenue of the System junior or inferior to the payments <br /> required by this ordinance to be made out of such Revenue into <br /> the Revenue Bond Fund and Reserve Account to pay and secure the <br /> payment of any outstanding Parity Bonds. <br /> C. Nothing herein contained shall prevent the City from <br /> issuing revenue bonds to refund maturing Parity Bonds for the <br /> payment of which moneys are not otherwise available. <br /> Section 11 . Lost or Destroyed Bonds. In case any Parity <br /> Bonds or any of the coupons thereof shall be lost, stolen or <br /> destroyed, the City may execute and the Treasurer of the City may <br /> deliver a new bond or bonds and a coupon or coupons of like date, <br /> number and tenor to the holder thereof upon the holder' s paying <br /> the expenses and charges of the City in connection therewith and <br /> upon his filing with the Treasurer of the City evidence satisfac- <br /> tory to said Treasurer that such bond or coupons were actually <br /> lost, stolen or destroyed and of his ownership thereof, and upon <br /> furnishing the City with indemnity satisfactory to the Treasurer. <br /> Section 12 . Form of Bonds. The "City of Everett Water and <br /> Sewer Revenue Bonds, 1982" shall be in substantially the following <br /> form: <br /> -26- <br />