My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
03-078 RES
ElkRiver
>
City Government
>
City Council
>
Council Resolutions
>
2000 - 2009
>
2003
>
076-087
>
03-078 RES
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/3/2007 3:40:16 PM
Creation date
1/7/2004 8:47:28 PM
Metadata
Fields
Template:
City Government
type
RES
date
11/12/2003
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
27
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
8. Execution; Temporary Bonds. The Bonds shall be executed on behalf of the City <br />by the signatures of its Mayor and City Administrator, and the official seal of the City may be <br />omitted from the Bonds, as permitted by law; provided that such signatures and said seal may be <br />printed facsimiles. In the event of disability or resignation or other absence of any such officer, <br />the Bonds may be signed by the manual or facsimile signature of that officer who may act on <br />behalf of such absent or disabled officer. In case any such officer whose signature or facsimile <br />of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of <br />the Bonds, such signature or facsimile shall nevertheless be valid and sufficient for all purposes, <br />the same as if he or she had remained in office until delivery. The City may elect to deliver, in <br />lieu of printed definitive bonds, one or more typewritten temporary bonds in substantially the <br />form set forth above, with such changes as may be necessary to reflect more than one maturity in <br />a single temporary bond. Such temporary bonds may be executed with photocopied facsimile or <br />manual signatures of the Mayor and City Administrator. Such temporary bonds shall, upon the <br />printing of the definitive bonds and the execution thereof, be exchanged therefor and cancelled. <br /> <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 and manually <br />executed by an authorized representative of the Bond Registrar. Certificates of Authentication <br />on different Bonds need not be signed by the same person. The Bond Registrar shall <br />authenticate the signatures of officers of the City on each Bond by execution of the Certificate of <br />Authentication on the Bond and by inserting as the date of registration in the space provided the <br />date on which the Bond is authenticated, except that for purposes of delivering the original <br />Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of <br />original issue, which date is December 9, 2003. The Certificate of Authentication so executed on <br />each Bond shall be conclusive evidence that it has been authenticated and delivered under this <br />Resolution. <br /> <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 /> <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 of (as provided in paragraph 9) and deliver, in the name of the designated transferee <br />or transferees, one or more new Bonds of any authorized denomination or denominations of a <br />like aggregate principal amount, having the same stated maturity and interest rate, as requested <br />by the transferor; provided, however, that no Bond may be registered in blank or in the name of <br />"bearer" or similar designation. <br /> <br /> At the option of the registered owner, Bonds may be exchanged for Bonds of any <br />authorized denomination or denominations of a like aggregate principal amount and stated <br />maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond <br />Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if <br /> <br />1580841vl 16 <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.