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however, that the Trustee is not required to exchange or register the transfer of any Bond • <br />after the giving of notice calling such Bond for prepayment. <br />Bonds may be exchanged for an equal total principal amount of Bonds of different <br />but authorized denominations. The Trustee will authenticate and deliver Bonds that the <br />Owner making the exchange is entitled to receive, bearing numbers not then Outstanding. <br />The Trustee will deliver to the transferee any applicable notice of prepayment <br />when it effects a transfer or exchange of any Bond after the mailing of notice calling the <br />Bond or any portion of the Bond for prepayment. <br />The Owner will be the absolute owner of the Bond for all purposes, and payment <br />of principal, premium, if any, and interest will be made only to or upon the written order <br />of the Owner or the Owner's legal representative, except that interest payments will be <br />made to the person shown as the owner of the Bond as of the applicable Record Date. <br />The Trustee must require the payment by an Owner requesting exchange or <br />transfer of any tax or other governmental charge required to be paid in respect of the <br />exchange or transfer, but must not impose any other charge. <br />Section 2.05. Mutilated, Lost, Stolen or Destroyed Bonds. <br />(a) If any Outstandin Bond is dams ed mutilated lost stolen or destro ed • <br />g g y , <br />the Company will execute, and the Trustee will authenticate and deliver, a replacement <br />Bond, of the same tenor as the damaged, mutilated, lost, stolen or destroyed Bond, in <br />the manner provided below. <br />(b) Application for exchange and substitution of damaged, mutilated, lost, <br />stolen or destroyed Bonds must be made to the Trustee. In every case, the applicant for <br />a replacement Bond must furnish to the Company, the County and the Trustee such <br />security or indemnity as each may require to save it harmless. In every case of loss, <br />theft or destruction of a Bond, the applicant must also furnish to the Company, the <br />County and the Trustee evidence to their satisfaction of the loss, theft or destruction of <br />such Bond. In the case of damage or mutilation of a Bond, the applicant will surrender <br />the Bond so damaged or mutilated. <br />(c) Notwithstanding the foregoing, if any such Bond has matured, and no <br />default is then continuing in the payment of the principal or interest with respect to <br />such Bond, the County may authorize the payment of the same (without surrender <br />thereof except in the case of a damaged or mutilated Bond) instead of issuing a <br />substitute Bond, provided security or indemnity is furnished as provided above in the <br />case of a lost, stolen or destroyed Bond. • <br />(d) The Trustee will charge the Owner of such Bond with all expenses in <br />connection with the issuance of any substitute Bond. Every substitute Bond issued <br />pursuant to the provisions of this Section because any Bond is lost, stolen or destroyed, <br />