My WebLink
|
Help
|
About
|
Sign Out
Home
Search
1990-059 Council Resolution
LinoLakes
>
City Council
>
City Council Resolutions
>
1990
>
1990-059 Council Resolution
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/25/2016 1:50:26 PM
Creation date
1/25/2016 8:54:33 AM
Metadata
Fields
Template:
City Council
Council Document Type
Resolutions
Meeting Date
08/13/1990
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest <br />payment date preceding the date of authentication to which interest on the Bond has been <br />paid or made available for payment, unless (i) the date of authentication is an interest <br />payment date to which interest has been paid or made available for payment, in which case <br />such Bond will be dated as of the date of authentication, or (ii) the date of authentication is <br />prior to the first interest payment date, in which case such Bond will be dated as of the date <br />of original issue. The interest on the Bonds is payable on February 1 and August 1 of each <br />year, commencing August 1, 1991, to the owner of record thereof as of the close of business <br />on the fifteenth day of the immediately preceding month, whether or not such day is a <br />business day. <br />2.03. Registration. The City will appoint and maintain, a bond registrar, transfer <br />agent, authenticating agent and paying agent (Registrar). The effect of registration and the <br />rights and duties of the City and the Registrar with respect thereto are as follows: <br />(a) Register. The Registrar must keep at its principal corporate trust office a <br />bond register in which the Registrar provides for the registration of ownership of <br />Bonds and the registration of transfers and exchanges of Bonds entitled to be <br />registered, transferred or exchanged. <br />(b) Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed by <br />the registered owner thereof or accompanied by a written instrument of transfer, in <br />form satisfactory to the Registrar, duly executed by the registered owner thereof or <br />by an attorney duly authorized by the registered owner in writing, the Registrar will <br />authenticate and deliver, in the name of the designated transferee or transferees, one <br />or more new Bonds of a like aggregate principal amount and maturity, as requested by <br />the transferor. The Registrar may, however, close the books for registration of any <br />transfer after the fifteenth day of the month preceding each interest payment date <br />and until such interest payment date. <br />(c) Exchange of Bonds. When Bonds are surrendered by the registered owner <br />for exchange the Registrar will authenticate and deliver one or more new Bonds of a <br />like aggregate principal amount and maturity, as requested by the registered owner or <br />the owner's attorney in writing. <br />(d) Cancellation. Bonds surrendered upon any transfer or exchange will be <br />promptly cancelled by the Registrar and thereafter disposed of as directed by the <br />City. <br />(e) Improper or Unauthorized Transfer. When a Bond is presented to the <br />Registrar for transfer, the Registrar may refuse to transfer the Bond until the <br />Registrar is satisfied that the endorsement on the Bond or separate instrument of <br />transfer is valid and genuine and that the requested transfer is legally authorized. The <br />Registrar will incur no liability for the refusal, in good faith, to make transfers which <br />it, in its judgment, deems improper or unauthorized. <br />(f) Persons Deemed Owners. The City and the Registrar may treat the person <br />in whose name a Bond is registered in the bond register as the absolute owner of the <br />Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or <br />on account of, the principal of and interest on such Bond and for all other purposes, <br />and payments so made to a registered owner or upon the owner's order will be valid <br />and effectual to satisfy and discharge the liability upon such Bond to the extent of the <br />sum or sums so paid. <br />
The URL can be used to link to this page
Your browser does not support the video tag.