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08-008 RES
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08-008 RES
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2/8/2008 1:48:33 PM
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2/8/2008 1:48:08 PM
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City Government
type
RES
date
1/22/2008
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4. Execution; Temporary Bonds. The Bonds shall be in typewritten form, shall be • <br />executed on behalf of the City by the signatures of its Mayor and Administrator and be sealed <br />with the seal of the City; provided, as permitted bylaw, both signatures may be photocopied <br />facsimiles and the corporate seal has been omitted. 1n the event of disability or resignation or <br />other absence of either officer, the Bonds maybe signed by the manual or facsimile signature of <br />the officer who may act on behalf of the absent or disabled officer. Incase either officer whose <br />signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer <br />before the delivery of the Bonds, the signature or facsimile shall nevertheless be valid and <br />sufficient for all purposes, the same as if the officer had remained in office until delivery. <br />10. 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 executed by an <br />authorized representative of the Bond Registraz. Certificates of Authentication on different <br />Bonds need not be signed by the same person. The Bond Registrar shall authenticate the <br />signatures of officers of the City on each Bond by execution of the Certificate of Authentication <br />on the Bond and by inserting as the date of registration in the space provided the date on which <br />the Bond is authenticated, except that for purposes of delivering the original Bonds to the <br />Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue of <br />February 20, 2008. The Certificate of Authentication so executed on each Bond shall be <br />conclusive evidence that it has been authenticated and delivered under this resolution. <br />11. Registration: Transfer; Exchanee. 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 />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 (as provided in paragraph 9) of, 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 />"beazer" or similar designation. <br />At the option of the Holder, Bonds maybe exchanged for Bonds of any Authorized <br />Denomination or Denominations of a like aggregate principal amount and stated maturity, upon <br />surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever <br />any Bonds aze so surrendered for exchange, the City shall execute (if necessary), and the Bond <br />Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the <br />Holder making the exchange is entitled to receive. <br />All Bonds surrendered upon any exchange or transfer provided for in this resolution shall <br />be promptly canceled by the Bond Registraz and thereafter disposed of as directed by the City. <br />• <br />2~i6ooi~t 14 <br />
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