My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
99-092 RES
ElkRiver
>
City Government
>
City Council
>
Council Resolutions
>
1990 -1999
>
1999
>
076 - 098
>
99-092 RES
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/3/2007 2:34:06 PM
Creation date
5/16/2002 4:52:12 PM
Metadata
Fields
Template:
City Government
type
RES
date
11/22/1999
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
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
9. Execution; Temporary Bonds. The Bonds shall be executed <br />on behalf of the City by the signatures of its Mayor and City <br />Administrator and be sealed with the seal of the City; provided, <br />however, that the seal of the City may be a printed facsimile; <br />and provided further that both of such signatures may be <br />facsimiles and the corporate seal may be omitted on the Bonds as <br />permitted by law, unless otherwise provided in the applicable <br />form of Bond. In the event of disability or resignation or other <br />absence of either such officer, the Bonds may be signed by that <br />officer who may act on behalf of such absent or disabled officer. <br />In case either such officer whose signature shall appear on the <br />Bonds shall cease to be such officer before the delivery of the <br />Bonds, such signature shall nevertheless be valid and sufficient <br />for all purposes, the same as if he or she had remained in office <br />until delivery. The City may elect to deliver, in lieu of <br />definitive bonds, one or more typewritten temporary bonds in <br />substantially the form set forth above, with such changes as may <br />be necessary to reflect more than one maturity in a single <br />temporary bond. Such temporary bonds shall, upon the preparation <br />of the definitive bonds and the execution thereof, be exchanged <br />therefor and canceled. <br /> <br /> 10. Authentication. No Bond shall be valid or obligatory <br />for any purpose or be entitled to any security or benefit under <br />this Resolution unless a Certificate of Authentication on such <br />Bond, substantially in the form hereinabove set forth, shall have <br />been duly executed by an authorized representative of the Bond <br />Registrar. Certificates of Authentication on different Bonds <br />need not be signed by the same person. The Bond Registrar shall <br />authenticate the signatures of officers of the City on each Bond <br />by execution of the Certificate of Authentication on the Bond and <br />by 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, the <br />Bond Registrar shall insert as a date of registration the date of <br />original issue, which date is December 1, 1999. The Certificate <br />of Authentication so executed on each Bond shall be conclusive <br />evidence that it has been authenticated and delivered under this <br />Resolution. <br /> <br /> 11. Registration; Transfer; Exchange. The City will cause <br />to be kept at the principal office of the Bond Registrar a bond <br />register in which, subject to such reasonable regulations as the <br />Bond Registrar may prescribe, the Bond Registrar shall provide <br />for the registration of Bonds and the registration of transfers <br />of Bonds entitled to be registered or transferred as herein <br />provided. <br /> <br /> Upon surrender for transfer of any Bond at the principal <br />office of the Bond Registrar, the City shall execute (if <br />necessary), and the Bond Registrar shall authenticate, insert the <br />date of registration (as provided in paragraph 10) of, and <br />deliver, in the name of the designated transferee or transferees, <br />one or more new Bonds of any authorized denomination or <br />denominations of a like aggregate principal amount, having the <br /> <br />1079939.2 17 <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.