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1988.08.22 RESO 1988-0040
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1988.08.22 RESO 1988-0040
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City Council
Document Type
Resolutions
Meeting Date
8/22/1988
Meeting Type
Regular
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. I . t <br />Fees upon Transfer or Loss. The Bond Registrar may <br />require payment of a sum sufficient to cover any tax or other <br />governmental charge payable in connection with the transfer or <br />exchange of this Bond and any legal or unusual costs regarding <br />transfers and lost Bonds. <br />Treatment of Registered Owners. The City and Bond <br />Registrar may treat the person in whose name this Bond is <br />registered as the owner hereof for the purpose of receiving <br />payment as herein provided (except as otherwise provided on <br />the reverse side hereof with respect to the Record Date) and <br />for all other purposes, whether or not this Bond shall be <br />overdue, and neither the City nor the Bond Registrar shall be <br />affected by notice to the contrary. <br />Authentication. This Bond shall not be valid or <br />become obligatory for any purpose or be entitled to any <br />security unless the Certificate of Authentication hereon shall <br />have been executed by the Bond Registrar. <br />Qualified Tax -Exempt Obligations_. The Bonds have <br />been designated by the City as "qualified tax-exempt <br />obligations" for purposes of Section 265(b)(3) of the Internal <br />Revenue Code of 1986, as amended. <br />ABBREVIATIONS <br />The following abbreviations, when used in the inscription <br />on the face of this Bond, shall be construed as though they <br />were written out in full according to applicable laws or <br />regulations: <br />TEN COM - as tenants in common <br />TEN ENT - as tenants by the entireties <br />JT TEN - as joint tenants with right of survivorship <br />and not as tenants in common <br />UTMA - as custodian for <br />(Cust) <br />under the <br />(State) <br />Transfers to Minors Act <br />(Minor) <br />Uniform <br />Additional abbreviations may also be used <br />though not in the above list. <br />13 <br />
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