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7.5. SR 03-15-2010
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7.5. SR 03-15-2010
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3/12/2010 11:06:29 AM
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signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that <br />signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the <br />officer had remained in office until delivery, Notwithstanding such execution, a Bond will not <br />be valid or obligatory far any purpose or entitled to any security or benefit under this Resolution <br />unless and until a certificate of authentication on the Bond has been duly executed by the manual <br />signature of an authorized representative of the Registrar. Certificates of authentication on <br />different Bonds need not be signed by the same representative. The executed certificate of <br />authentication on each Bond is conclusive evidence that it has been authenticated and delivered <br />under this Resolution, when the Bonds have been so prepared, executed and authenticated, the <br />City Administrator will deliver the same to the Purchaser upon payment of the purchase price in <br />accordance with the contract of sale heretofore made and executed, and the Purchaser is not <br />obligated to see to the application of the purchase price. <br />2,06. Te~ mpora~ Bonds, The City may elect to deliver in lieu of printed definitive <br />Bonds one or mare typewritten temporary Bonds in substantially the form set forth in Section 3 <br />with such changes as may be necessary to reflect more than one maturity in a single temporary <br />bond, Upon the execution and delivery of definitive Bonds the temporary Bands will be <br />exchanged therefor and cancelled. <br />Section 3, Form of Bond. <br />3.01, Execution of the Bonds, The Bonds will be printed or typewritten in substantially <br />the following form.; <br />365125vI 1ST ELlBS-11 $ <br />
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