CC PACKET 05261987 - Laserfiche WebLink

Home Browse Search

• Bonds, 'in it's .possession to the successor- Registrar., and shall deliver -the .:bond • register to the successor Registrar . 2 .'05 : Redemption. Bonds maturing in 199.4 and subsequent years shall be subject to redemption and . prepayment at the option of the- City, in whole or in part., in inverse- order of maturity- dates and by . lot, assigned in proportion -to their principal amount , within any. maturity, on January 1, 1993 , and any interest payment date thereafter at a price equal 'to the principal amount thereof and accrued interest to the date of redemption. The Clerk shall cause notice of the call for redemption thereof to be published as required by law,, and, at least 30 days prior to the designated redemption date, .shall cause notice of the call thereof for redemption to be mailed to the registered holders of any Bonds to be redeemed at, their addresses as they appear on the bond register described in Section 2 .03 hereof, and to the bank at which principal and interest are then payable . 2 . 06 . Execution, Authentication and Delivery. The Bonds shall be prepared under the direction of the Clerk and shall be executed on behalf of the City by the signatures of the Mayor and the Clerk , provided that all signatures may be printed, engraved or lithographed facsimiles of the originals. • In case any officer whose signature or a facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of any Bond, such signature or facsimile shall nevertheless be valid and sufficient. for a.11 purposes, the same as if he had remained i-n office until delivery. Notwithstanding such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on such Bond has been duly executed by the manual signature of an authorized representative of the Registrar . Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on each Bond shall be conclusive evidence that it has been authenticated and delivered under this Resolution. When the Bonds have been so prepared, executed and authenticated, the- Treasurer shall deliver the same to the purchaser thereof_ upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and said purcha'ser shall not be obligated to see to 'the application of the purchase price. . 2 :07 . Form of Bonds. The Bonds shall be printed in substantially the following form: • -7-