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2010-042 Council Resolution
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2010-042 Council Resolution
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Last modified
9/2/2014 1:52:36 PM
Creation date
9/2/2014 8:34:07 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
05/10/2010
Council Meeting Type
Regular
Resolution #
10-42
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• <br />• <br />• <br />the City Finance Director must transmit to the Registrar monies sufficient for the payment of all <br />principal and interest then due. <br />2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the <br />direction of the Acting City Administrator and executed on behalf of the City by the signatures of <br />the Mayor and the Acting City Administrator, provided that all signatures may be printed, <br />engraved or lithographed facsimiles of the originals. If an officer whose signature or a facsimile <br />of whose signature appears on the Bonds ceases to be such officer before the delivery of any <br />Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the <br />same as if the officer had remained in office until delivery. Notwithstanding such execution, a <br />Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under <br />this Resolution unless and until a certificate of authentication on the Bond has been duly <br />executed by the manual signature of an authorized representative of the Registrar. Certificates of <br />authentication on different Bonds need not be signed by the same representative. The executed <br />certificate of authentication on a Bond is conclusive evidence that it has been authenticated and <br />delivered under this Resolution. When the Bonds have been so prepared, executed and <br />authenticated, the Acting City Administrator will deliver the same to the Purchaser upon payment <br />of the purchase price in accordance with the contract of sale heretofore made and executed, and <br />the Purchaser is not obligated to see to the application of the purchase price. <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br />Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br />with such changes as may be necessary to reflect more than one maturity in a single temporary <br />bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be <br />exchanged therefor and cancelled. <br />367721v1 SJB LN140 -106 <br />6 <br />
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