(a) The Finance Director, as fiscal officer of the City, or, in the case of any registered note or bond issue, the registrar thereof, is hereby authorized to issue duplicate securities to the holder or owner of any lost, stolen, mutilated or destroyed securities, including any appertaining coupons, or any check or warrant issued in payment of debt charges, which duplicate shall be in the same general form and contain the same terms as the original instrument and be signed as required for the original instrument. The instrument so issued shall plainly show upon its face that it is a duplicate.
(b) In lieu of the issuance of a duplicate of securities that have matured, the Finance Director, as fiscal officer, or, as appropriate, the registrar of such securities, is hereby authorized to pay the debt charges that are due on such securities, with appropriate recording of and receipt for payment.
(c) Before the issuance of duplicate securities, as provided in subsection (a) hereof, or the making of the payment provided for in subsection (b) hereof, the Finance Director, or, as appropriate, the registrar of such securities, shall require all of the following:
(1) Proof of the loss, theft, mutilation or destruction;
(2) Payment by the holder or owner of the reasonable expense of issuing duplicate securities or making payment on matured securities, including administrative and legal expenses and any printing costs;
(3) A bond of indemnity or other type of surety, satisfactory to the Finance Director, securing the City, its officers, the paying agent, if any, and the registrar, if any, against all loss or liability for or on account of the instrument replaced or payment made.
(Ord. 4463. Passed 8-6-91.)