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Resolution - #99-01-009 - 01/12/1999
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Resolution - #99-01-009 - 01/12/1999
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#99-01-009
Document Date
01/12/1999
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2.05. Execution, Authentication and Delivery'. The Bonds will be prepared under the <br />direction of the City Administrator and executed on behalf of the City by the signatures of the <br />Mayor and the City Administrator, provided that all signatures may be printed, engraved or <br />lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose <br />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 be <br />valid or obligatory for 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 different <br />Bonds need not be signed by the same representative. The executed certificate of authentication on <br />a Bond is conclusive evidence that it has been authenticated and delivered under this Resolution. <br />When the Bonds have been so prepared, executed and authenticated, the City Administrator will <br />deliver the same to the Purchaser upon payment of the purchase price in accordance with the <br />contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the <br />application of the purchase price. .. <br /> <br /> 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive Bonds <br />one or more typewritten temporary Bonds in substantially the form set forth in Section 3 with such <br />changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon <br />the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and <br />cancelled. <br /> <br />Section 3. Form of Bond. <br /> <br />3.01. The Bonds will be printed or typewritten in substantially the following form: <br /> <br />[Face of the Bond] <br /> <br />No. R- UNITED STATES OF AMERICA $ <br /> STATE OF MINNESOTA <br /> COUNTY OF ANOKA <br /> CITY OF RAMSEY <br /> <br />GENERAL OBLIGATION TAX INCREMENT BOND, SERIES 1999A <br /> <br />SJB-156196 <br />RA 125-54 <br /> <br /> <br />
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