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Resolution - #12-04-054 - 04/24/2012
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Resolution - #12-04-054 - 04/24/2012
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#12-04-054
Document Date
04/24/2012
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8. Execution. The Bonds shall be typewritten and shall be executed on behalf of the <br />City by the signatures of its Mayor and Administrator and be sealed with the seal of the City; <br />provided, however, that the seal of the City may be a printed (or, at the request of the Purchaser, <br />photocopied) facsimile and the corporate seal may be omitted on the Bonds as permitted by law. <br />In the event of disability or resignation or other absence of either such officer, the Bonds may be <br />signed by the manual or facsimile signature of that officer who may act on behalf of such absent <br />or disabled officer. In case either such officer whose signature or facsimile of whose signature <br />shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, such <br />signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if he <br />or she had remained in office until delivery. <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 executed by an <br />authorized representative of the Bond Registrar. 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, June <br />5, 2012. The Certificate of Authentication so executed on each Bond shall be conclusive <br />evidence that it has been authenticated and delivered under this resolution. <br />10. Rye istration; 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 />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 />"bearer" or similar designation. <br />At the option of the Holder, Bonds may be 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 are 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 Registrar and thereafter disposed of as directed by the City. <br />4590579v1 <br />14 <br />
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