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1988.05.02 RESO 1988-0016
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1988.05.02 RESO 1988-0016
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City Council
Document Type
Resolutions
Meeting Date
5/2/1988
Meeting Type
Regular
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9. Execution; Temporary Bonds. The Bonds shall, be <br />executed on behalf of the City by the signatures of its Mayor <br />and City Administrator and be sealed with the seal of the <br />City; provided, however, that the seal of the City may be a <br />printed facsimile; and provided further that both of such <br />signatures may be printed facsimiles and the corporate seal <br />may be omitted on the Bonds as permitted by law. In the event <br />of disability or resignation or other absence of either such <br />officer, the Bonds may be signed by the manual or facsimile <br />signature of that officer who may act on behalf of such absent <br />or disabled officer. In case either such officer whose <br />signature or facsimile of whose signature shall appear on the <br />Bonds shall cease to be such officer before the delivery of <br />the Bonds, such signature or facsimile shall nevertheless be <br />valid and sufficient for all purposes, the same as if he or <br />she had remained in office until delivery. The City may elect <br />to deliver, in lieu of printed definitive bonds, one or more <br />typewritten temporary bonds in substantially the form set <br />forth above, with such changes as -may be necessary to reflect <br />more than one maturity in a single temporary bond. Such <br />temporary bonds shall, upon the printing of the definitive <br />bonds and the execution thereof, be exchanged therefor and <br />cancelled. <br />10. Authentication. No Bond shall be valid or <br />obligatory for any purpose or be entitled to any security or <br />benefit under this resolution unless a Certificate of <br />Authentication on such Bond, substantially in the form <br />hereinabove set forth, shall have been duly executed by an <br />authorized representative of the Bond Registrar. Certificates <br />of Authentication on different Bonds need not be signed by the <br />same person. The Bond Registrar shall authenticate the <br />signatures of officers of the City on each Bond by execution <br />of the Certificate of Authentication on the Bond and by <br />inserting as the date of registration in the space provided <br />the date on which the Bond is authenticated, except that for <br />purposes of delivering the original Bonds to the Purchaser, <br />the Bond Registrar shall insert as a date of registration the <br />date of original issue, which date is May 1, 1988. The <br />Certificate of Authentication so executed on each Bond shall <br />be conclusive evidence that it has been authenticated and <br />delivered under this resolution. <br />11. Registration; Transfer; Exchange. The City <br />will cause to be kept at•the principal office of the Bond <br />Registrar a bond register in which, subject to such reasonable <br />regulations as the Bond Registrar may prescribe, the Bond <br />Registrar shall provide for the registration of Bonds and the <br />13 <br />
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