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#14-11-235
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#14-11-235
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12/11/2014 11:06:44 AM
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8. Execution; Temporary Certificates. The Certificates shall be in typewritten form, <br />shall be executed on behalf of the City by the signatures of its Mayor and Administrator and be <br />sealed with the seal of the City; provided, as permitted by law, both signatures may be <br />photocopied facsimiles and the corporate seal has been omitted. In the event of disability or <br />resignation or other absence of either officer, the Certificates may be signed by the manual or <br />facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case <br />either officer whose signature or facsimile of whose signature shall appear on the Certificates <br />shall cease to be such officer before the delivery of the Certificates, the signature or facsimile <br />shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained <br />in office until delivery. <br />9. Authentication. No Certificate 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 Certificate, substantially in the form hereinabove set forth, shall have been duly executed by <br />an authorized representative of the Registrar. Certificates of Authentication on different <br />Certificates need not be signed by the same person. The Registrar shall authenticate the <br />signatures of officers of the City on each Certificate by execution of the Certificate of <br />Authentication on the Certificate and by inserting as the date of registration in the space provided <br />the date on which the Certificate is authenticated, except that for purposes of delivering the <br />original Certificates to the Purchaser, the Registrar shall insert as a date of registration the date of <br />original issue of December 4, 2014. The Certificate of Authentication so executed on each <br />Certificate shall be conclusive evidence that it has been authenticated and delivered under this <br />resolution. <br />10. Registration; Transfer; Exchange. The City will cause to be kept at the principal <br />office of the Registrar a certificate register in which, subject to such reasonable regulations as the <br />Registrar may prescribe, the Registrar shall provide for the registration of Certificates and the <br />registration of transfers of Certificates entitled to be registered or transferred as herein provided. <br />Upon surrender for transfer of any Certificate at the principal office of the Registrar, the <br />City shall execute (if necessary), and the 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 Certificates of any Authorized Denomination or Denominations <br />of a like aggregate principal amount, having the same stated maturity and interest rate, as <br />requested by the transferor; provided, however, that no Certificate may be registered in blank or <br />in the name of "bearer" or similar designation. <br />At the option of the Holder, Certificates may be exchanged for Certificates of any <br />Authorized Denomination or Denominations of a like aggregate principal amount and stated <br />maturity, upon surrender of the Certificates to be exchanged at the principal office of the <br />Registrar. Whenever any Certificates are so surrendered for exchange, the City shall execute (if <br />necessary), and the Registrar shall authenticate, insert the date of registration of, and deliver the <br />Certificates which the Holder making the exchange is entitled to receive. <br />All Certificates surrendered upon any exchange or transfer provided for in this resolution <br />shall be promptly canceled by the Registrar and thereafter disposed of as directed by the City. <br />10 <br />
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