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86-047 RES
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86-047 RES
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Last modified
12/3/2007 2:38:58 PM
Creation date
8/4/2005 11:25:59 AM
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City Government
type
RES
date
7/21/1986
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<br />. <br /> <br />. <br /> <br />. <br /> <br />be chosen by lot by the Registrar. In the event of such a <br />mandatory redemption, the redemption price shall be equal to <br />one hundred two percent (102%) of the principal amount of the <br />Bonds redeemed, plus accrued interest through the redemption <br />date. <br /> <br />2.07. Execution, Authentication, and Delivery. The Bonds <br />shall be prepared under the direction of the City Clerk- <br />Administrator and shall be executed on behalf of the Issuer by <br />the signatures of the Mayor and City Clerk-Administrator, <br />provided that all signatures may be printed, engraved, or <br />lithographed facsimiles of the originals. In case any officer <br />whose signature, or a facsimile of whose signature, shall <br />appear on the Bonds shall cease to be such officer before the <br />delivery of any Bond, such signature or facsimile shall <br />nevertheless be valid and sufficient for all purposes, the same <br />as if that officer had remained in office until delivery. <br />Notwithstanding such execution, no Bond shall be valid or <br />obligatory for any purpose or entitled to any security <br />hereunder until the certificate of authentication on such Bond <br />has been duly executed by the manual signature of an authorized <br />representative of the Registrar. Certificates of <br />authentication on different Bonds need not be signed by the <br />same representative. The executed certificate of <br />authentication on each Bond shall be conclusive evidence that <br />it has been authenticated and delivered under this resolution. <br />When the Bonds have been so prepared, executed, and <br />authenticated, the City Treasurer shall deliver the same to the <br />Purchaser upon payment of the purchase price in accordance with <br />the contract of sale, and the Purchaser shall not be obligated <br />to see to the application of the purchase price. <br /> <br />2~08. Form of Bonds. The Bonds shall be printed in <br />substantially the following form: <br /> <br />7 . <br />
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