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2004.06.07 RESO 2004-0039
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2004.06.07 RESO 2004-0039
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10/26/2017 2:04:15 PM
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City Council
Document Type
Resolutions
Meeting Date
6/7/2004
Meeting Type
Regular
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8. Execution: Temporary Bonds. The Bonds shall be printed (or, at the request of <br />the Purchaser, typewritten) shall be executed on behalf of the City by the signatures of its Chair <br />and Clerk and be sealed with the seal of the City, provided, however, that the seal of the City <br />may be a printed (or, at the request of the Purchaser, photocopied) facsimile; and provided <br />further that both of such signatures may be printed (or, at the request of the Purchaser, <br />photocopied) facsimiles and the seal may be omitted on the Bonds as permitted by law. In the <br />event of disability or resignation or other absence of either such officer, the Bonds may be signed <br />by the manual or facsimile signature of that officer who may act on behalf of such absent or <br />disabled officer. In case either officer whose signature or facsimile of whose signature shall <br />appear on the Bonds shall cease to be such officer before the delivery of the Bonds, such <br />signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if <br />the officer had remained in office until delivery. The City may elect to deliver, in lieu of printed <br />definitive bonds, one or more typewritten temporary bonds in substantially the form set forth <br />above, with such changes as may be necessary to reflect more than one maturity in a single <br />temporary bond. The temporary bonds may be executed with photocopied facsimile signatures <br />of the Mayor and Clerk. Such temporary bonds shall, upon the printing of the definitive bonds <br />and the execution thereof, be exchanged therefor and canceled. <br />9. Authentication. No Bond shall be valid or obligatory for any purpose or be <br />entitled to any security or benefit under this resolution unless a Certificate of Authentication on <br />such Bond, substantially in the form hereinabove set forth, shall have been duly executed by an <br />authorized representative of the Bond Registrar. Certificates of Authentication on different <br />Bonds need not be signed by the same person. The Bond Registrar shall authenticate the <br />signatures of officers of the City on each Bond by execution of the Certificate of Authentication <br />on the Bond and by inserting as the date of registration in the space provided the date on which <br />the Bond is authenticated, except that for purposes of delivering the original Bonds to the <br />Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue, <br />which date is June 7, 2004. The Certificate of Authentication so executed on each Bond shall be <br />conclusive evidence that it has been authenticated and delivered under this resolution. <br />10. Registration: Transfer. Exchange. The City will cause to be kept at the principal <br />office of the Bond Registrar a bond register in which, subject to such reasonable regulations as <br />the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds <br />and the registration of transfers of Bonds entitled to be registered or transferred as herein <br />provided. <br />Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the <br />City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of <br />registration (as provided in paragraph 9 with respect to authentication) of, and deliver, in the <br />name of the designated transferee or transferees, one or more new Bonds of any Authorized <br />Denomination or Denominations of a like aggregate principal amount, having the same stated <br />maturity and interest rate, as requested by the transferor; provided, however, that no Bond may <br />be registered in blank or in the name of "bearer" or similar designation. <br />At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized <br />Denomination or Denominations of a like aggregate principal amount and stated maturity, upon <br />surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever <br />16519WO 13 <br />
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