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Section 9,03 Discharge ofAsreemont <br />If the City shall pay and discharge the entire indebtedness on all Bonds in any one or <br />more of the following ways: <br />(A) by well and truly paying or causing to be paid the principal of and interest and any <br />premium on all Bonds, as and when the same become due and payable; <br />(B) by depositing with the Fiscal Agent, in irrevocable escrow, at or before maturity, <br />an amount of money which, together with the amounts then on deposit in the Redemption Fund <br />and the Reserve Fund, is fully sufficient to pay all Bonds, including all principal, interest and <br />redemption premiums, if any; or <br />(C) by irrevocably depositing with the Fiscal Agent, in irrevocable escrow, cash or <br />non - callable Federal Securities in such amount as the City shall determine, as confirmed by an <br />Independent Financial Consultant, will, together with the interest to accrue thereon and amounts <br />then on deposit in the Redemption Fund and Reserve Fund, be fully sufficient to pay and <br />discharge the indebtedness on all Bonds (including all principal, interest and redemption <br />premiums) at or before their respective maturity dates; <br />and if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption <br />shall have been given as in this Agreement provided or provision satisfactory to the Fiscal Agent <br />shall have been made for the giving of such notice, then, at the election of the City, and <br />notwithstanding that any Bonds shall not have been surrendered for payment, the pledge of the <br />Assessment Revenues and other funds provided for in this Agreement and all other obligations of <br />the City under this Agreement with respect to all Bonds shall cease and terminate, except the <br />obligation of the City to pay or cause to be paid to the Owners of the Bonds not so surrendered <br />and paid all sums due thereon, the obligation of the City to pay all amounts owing to the Fiscal <br />Agent pursuant to Section 7.05 hereof, and the obligations of the City pursuant to the covenants <br />contained in Section 5.09 hereof; and thereafter Assessment Revenues shall not be payable to the <br />Fiscal Agent. Notice of such election shall be filed with the Fiscal Agent. The satisfaction and <br />discharge of this Agreement shall be without prejudice to the rights of the Fiscal Agent to charge <br />and be reimbursed by the City for the expenses which it shall thereafter incur in connection <br />herewith. <br />Any funds held by the Fiscal Agent to pay and discharge the indebtedness on all Bonds, <br />upon payment of all fees and expenses of the Fiscal Agent, which are not required for such <br />purpose, shall be paid over to the City. <br />Section 9.04 Execution of Documents and Proof of Ownership by Owners. Any <br />request, declaration or other instrument which this Agreement may require or permit to be <br />executed by Owners may be in one or more instruments of similar tenor, and shall be executed <br />by Owners in person or by their attorneys appointed in writing. <br />Except as otherwise herein expressly provided, the fact and date of the execution by any <br />Owner or his attorney of such a request, declaration or other instnunent, or of a writing <br />appointing such an attorney, may be proved by the certificate of any notary public or other <br />officer authorized to take acknowledgments of deeds to be recorded, in the state in which he <br />-35- <br />55B-55 <br />