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1996-101 Council Resolution-Series 1996B
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1996-101 Council Resolution-Series 1996B
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2/2/2016 1:27:28 PM
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2/2/2016 11:04:33 AM
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City Council
Council Document Type
Resolutions
Meeting Date
09/09/1996
Council Meeting Type
Regular
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2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the <br />direction of the City Clerk -Treasurer and executed on behalf of the City by the signatures of the <br />Mayor and the City Clerk -Treasurer, provided that all signatures may be printed, engraved or <br />lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose <br />signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that <br />signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the <br />officer had remained in office until delivery. Notwithstanding such execution, a Bond will not <br />be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution <br />unless and until a certificate of authentication on the Bond has been duly executed by the manual <br />signature of an authorized representative of the Registrar. Certificates of authentication on <br />different Bonds need not be signed by the same representative. The executed certificate of <br />authentication on a Bond is conclusive evidence that it has been authenticated and delivered under <br />this Resolution. When the Bonds have been so prepared, executed and authenticated, the City <br />Clerk -Treasurer will deliver the same to the Purchaser upon payment of the purchase price in <br />accordance with the contract of sale heretofore made and executed, and the Purchaser is not <br />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 />No. R - <br />Section 3. Form of Bond. <br />3.01. The Bonds will be printed or typewritten in substantially the following form: <br />[Face of the Bond] <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES <br />GENERAL OBLIGATION WATER REVENUE <br />BOND, SERIES 1996B <br />Date of <br />Rate Maturity Original Issue <br />October 1, 1996 <br />DJK108785 <br />LN140-52 <br />CUSIP <br />
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