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RES 22-046 RELATING TO $2,385,000 GEN BOND OBLIG. IMPRVMT BONDS, SERIES 2022A; AUTH. THE ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION & DELIVERY AND SECURTY AND LEVYING TAXES FOR PAYMENT
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RES 22-046 RELATING TO $2,385,000 GEN BOND OBLIG. IMPRVMT BONDS, SERIES 2022A; AUTH. THE ISSUANCE, AWARDING THE SALE, FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION & DELIVERY AND SECURTY AND LEVYING TAXES FOR PAYMENT
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(g) Taxes, Fees and Charges. For every transfer or exchange of Bonds <br />(except for an exchange upon a partial redemption of a Bond), the Registrar may impose <br />a charge upon the owner thereof sufficient to reimburse the Registrar for any tax, fee or <br />other governmental charge required to be paid with respect to such transfer or exchange. <br />(h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond shall <br />become mutilated or be destroyed, stolen or lost, the Registrar shall deliver a new Bond <br />of like amount, number, maturity date and tenor in exchange and substitution for and <br />upon cancellation of any such mutilated Bond or in lieu of and in substitution for any <br />Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges <br />of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or <br />lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was <br />destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the <br />Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory <br />to it, in which both the City and the Registrar shall be named as obligees. All Bonds so <br />surrendered to the Registrar shall be canceled by it and evidence of such cancellation <br />shall be given to the City. If the mutilated, destroyed, stolen or lost Bond has already <br />matured or been called for redemption in accordance with its terms it shall not be <br />necessary to issue a new Bond prior to payment. <br />(i) Authenticating Agent. The Registrar is hereby designated authenticating <br />agent for the Bonds, within the meaning of Minnesota Statutes, Section 475.55, <br />Subdivision 1, as amended. <br />0) Valid Obligations. All Bonds issued upon any transfer or exchange of <br />Bonds shall be the valid obligations of the City, evidencing the same debt, and entitled to <br />the same benefits under this Resolution as the Bonds surrendered upon such transfer or <br />exchange. <br />2.07. Execution, Authentication and Deliverv. The Bonds shall be prepared under the <br />direction of the City Clerk and shall be executed on behalf of the City by the signatures of the <br />Mayor and the City Clerk, provided that the signatures may be printed, engraved or lithographed <br />facsimiles of the originals. In case any officer whose signature or a facsimile of whose signature <br />shall appear on any Bond shall cease to be such officer before the delivery of such Bond, such <br />signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if <br />such officer had remained in office until the date of delivery of such Bond. Notwithstanding <br />such execution, no Bond shall be valid or obligatory for any purpose or entitled to any security or <br />benefit under this Resolution unless and until a certificate of authentication on the Bond, <br />substantially in the form provided in EXHIBIT B, has been executed by the manual signature of <br />an authorized representative of the Registrar. Certificates of authentication on different Bonds <br />need not be signed by the same representative. The executed certificate of authentication on any <br />Bond shall be conclusive evidence that it has been duly authenticated and delivered under this <br />Resolution. When the Bonds have been prepared, executed and authenticated, the City Clerk <br />shall deliver them to the Purchaser upon payment of the purchase price in accordance with the <br />contract of sale theretofore executed, and the Purchaser shall not be obligated to see to the <br />application of the purchase price. <br />4876-8449-2315\4 5 <br />
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