My WebLink
|
Help
|
About
|
Sign Out
Home
2004.06.07 RESO 2004-0039
Hugo
>
City Council
>
City Council Resolutions
>
2004 CC Resolutions
>
2004.06.07 RESO 2004-0039
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/26/2017 2:04:15 PM
Creation date
1/13/2015 3:30:18 PM
Metadata
Fields
Template:
City Council
Document Type
Resolutions
Meeting Date
6/7/2004
Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
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
(i) The Bonds shall be initially issued and, so long as they remain in book <br />entry form only (the 'Book Entry Only Period"), shall at all times be in the form of a <br />separate single fully registered certificate for each maturity of the Bonds; and for <br />purposes of complying with this requirement under paragraphs 5 and 12 Authorized <br />Denominations for any Bond shall be deemed to be limited during the Book Entry Only <br />Period to the outstanding principal amount of that Bond. <br />(ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond <br />register maintained by the Registrar (as hereinafter defined) in the name of CEDE & CO., <br />as the nominee (it or any nominee of the existing or a successor Depository, the <br />"Nominee"). <br />(iii) With respect to the Bonds neither the City nor the Registrar shall have any <br />responsibility or obligation to any broker, dealer, bank, or any other financial institution <br />for which the Depository holds Bonds as securities depository (the "Participant") or the <br />person for which a Participant holds an interest in the Bonds shown on the books and <br />records of the Participant (the "Beneficial Owner"). Without limiting the immediately <br />preceding sentence, neither the City, nor the Registrar, shall have any such responsibility <br />or obligation with respect to (A) the accuracy of the records of the Depository, the <br />Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) <br />the delivery to any Participant, any Owner or any other person, other than the Depository, <br />of any notice with respect to the Bonds, including any notice of redemption, or (C) the <br />payment to any Participant, any Beneficial Owner or any other person, other than the <br />Depository, of any amount with respect to the principal of or premium, if any, or interest <br />on the Bonds, or (D) the consent given or other action taken by the Depository as the <br />Registered Holder of any Bonds (the "Holder"). For purposes of securing the vote or <br />consent of any Holder under this Resolution, the City may, however, rely upon an <br />omnibus proxy under which the Depository assigns its consenting or voting rights to <br />certain Participants to whose accounts the Bonds are credited on the record date <br />identified in a listing attached to the omnibus proxy. <br />(iv) The City and the Registrar may treat as and deem the Depository to be the <br />absolute owner of the Bonds for the purpose of payment of the principal of and premium, <br />if any, and interest on the Bonds, for the purpose of giving notices of redemption and <br />other matters with respect to the Bonds, for the purpose of obtaining any consent or other <br />action to be taken by Holders for the purpose of registering transfers with respect to such <br />Bonds, and for all purpose whatsoever: The Registrar, as paying agent hereunder, shall <br />pay all principal of and premium, if any, and interest on the Bonds only to or upon the <br />Holder of the Holders of the Bonds as shown on the register, and all such payments shall <br />be valid and effective to fully satisfy and discharge the City's obligations with respect to <br />the principal of and premium, if any, and interest on the Bonds to the extent of the sum or <br />sums so paid. <br />(v) Upon delivery by the Depository to the Registrar of written notice to the <br />effect that the Depository has determined to substitute a new Nominee in place of the <br />existing Nominee, and subject to the transfer provisions in paragraph 12, references to the <br />Nominee hereunder shall refer to such new Nominee. <br />16519600 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.