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Resolution - #92-01-006 - 01/14/1992
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Resolution - #92-01-006 - 01/14/1992
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#92-01-006
Document Date
01/14/1992
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deliver the bond register to the successor Registrar. On or before each principal <br />or interest due date, without further order of this Council, the Administrator must <br />transmit to the Registrar moneys sufficient for the payment of all principal and <br />interest then due. <br /> <br /> 2.05. Execution~ Authentication and Delivery. The Bonds will be prepared <br />under the direction of the Admlnf~trator and executed on behalf of the City by the <br />signatures of the Mayor and the Administrator, provided that all signatures may be <br />printed, engraved or lithographed facsimiles of the originals. In case any officer <br />whose signature or a facsimfle of whose signature appears on the Bonds ceases to be <br />such officer before the delivery of any Bond, such signature or facsimile will <br />nevertheless be valid and sufficient for all purposes, the same as if the officer had <br />remained in office until delivery. Notwithstanding such execution, a Bond will not <br />be valid or obligatory for any purpose or entitled to any security or benefit under <br />this Resolution unless and until a certificate of authentication on the Bond has been <br />duly executed by the manual signature of an authorized representative of the Regis- <br />tr2r. Certificates of authentication on different Bonds need not be signed by the <br />same representative. The executed certificate of authentication on each Bond is <br />conclusive evidence that it has been authenticated and delivered under this Resolu- <br />tion. When the Bonds have been so prepared, executed and authenticated, the <br />Administrator shall deliver the same to the Purchaser upon payment of the purchase <br />price in accordance with the contract of sale heretofore made and executed, and the <br />Purchaser is not obligated to see to the application of the purchase price. <br /> <br /> 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed <br />definitive Bonds one or more typewritten temporary Bonds in substantially the form <br />set forth in Section 3 with such changes as may be necessary to reflect more than one <br />maturity in a single temporary bond. Upon the execution and delivery of definitive <br />Bonds the temporary Bonds will be exchanged therefor and cancelled. <br /> <br />Section 3. Form of Bond. <br /> <br />3.01. The Bonds will be printed in substantially the following form: <br /> <br />~27511 <br /> <br /> <br />
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