01-27-1993 Council Agenda - Laserfiche WebLink

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8. Execution; Bond. The Bond shall be executed on behalf of the City by the manual signatures of its Mayor and Administrator and be sealed with the seal of the city; provided, however, that the seal of the City may be a printed facsimile; and provided further that the corporate seal may be omitted on the Bond as permitted by law. In the event of disability or resignation or other absence of either such officer, the Bond may be signed by the manual signature of that officer who may act on behalf of such absent or disabled office ;, In case either such officer whose signature shall appear on the Bond shall cease to be such officer before the delivery of the Bond, such signature shall nevertheless be valid and sufficient for all purposes, the same as if he or she had remained in office until delivery. The City may elect to deliver, in lieu of printed bonds, one or more typewritten bonds in substantially the form set forth above, with such changes as may be necessary to reflect more than one maturity in a single typewritten bond. 9. Date of Registration. The Bond Registrar shall insert the date of registration in the space provided the date on which the Bond is issued, which date is March 1, 1993. 10. Registration; Transfer; Exchange. The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe (if other than the City), the Bond Registrar shall provide for the registration of the Bond and the registration of transfers of the Bond entitled to be registered or transferred as herein provided. Upon surrender for transfer of the Bond at the principal office of the Bond Registrar, the City shall execute (if necessary), insert the date of registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee or transferees, a new Bond, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. At the option of the Holder, the Bond may be exchanged for a Bond of a like aggregate principal amount and stated maturity, upon surrender of the Bond to be exchanged at the principal office of the Bond Registrar. Whenever the Bond is so surrendered for exchange, the City shall execute (if necessary), insert the date of registration of, and deliver the Bond which the Holder making the exchange is entitled to receive. The Bond surrendered upon any exchange or transfer provided for in this resolution shall be promptly cancelled by the Bond Registrar and thereafter disposed of as directed by the city. 232758 Page 39 12