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07-048
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07-048
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7/23/2007 3:06:05 PM
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5/29/2007 10:03:02 AM
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i <br /> i <br /> ii <br /> i <br /> 4i <br /> it <br /> i~ <br /> I' <br /> it <br /> Ij <br /> bank otrust company authorized by law to conduct such business, the resulting corporation is <br /> authors d to act as successor Registrar. The City agrees to pay the reasonable and customary <br /> charge of the Registrar for the services performed. The City reserves the right to remove the <br /> Registrar upon 30 days' notice and upon the appointment of a successor Registrar, in which <br /> event predecessor Registrar must deliver all cash and Bonds in its possession to the successor <br /> Regist 'r and must deliver the bond register to the successor Registrar. On or before each <br /> princip` or interest due date, without further order of this Council, the City Finance Director <br /> must t smit to the Registrar moneys sufficient for the payment of all principal and interest then <br /> due. <br /> .05. Execution, Authentication and Delivejy. The Bonds will be prepared under the <br /> direction of the City Manager and executed on behalf of the City by the signatures of the Mayor <br /> and the City Manager, provided that all signatures may be printed, engraved or lithographed <br /> facsim es of the originals. If an officer whose signature or a facsimile of whose signature <br /> appear on the Bonds ceases to be such officer before the delivery of any Bond, that signature or <br /> facsim e will nevertheless be valid and sufficient for all purposes, the same as if the officer had <br /> remai d in office until delivery. Notwithstanding such execution, a Band will not be valid or <br /> obligalgry for any purpose or entitled to any security or benefit under this Resolution unless and <br /> until al ~ertifscate of authentication on the Bond has been duly executed by the manual signature <br /> of an t thorized representative of the Registrar. Certificates of authentication on different Bonds <br /> need t be signed by the same representative. The executed certificate of authentication on a <br /> Bond conclusive evidence that it has been authenticated and delivered under this Resolution. <br /> When he Bonds have been so prepared, executed and authenticated, the City Manager will <br /> deliver the same to the Purchaser upon payment of the purchase price in accordance with the <br /> contra of sale heretofore made and executed, and the Purchaser is not obligated to see to the <br /> applic ion of the purchase price. <br /> 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br /> Bond ne or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br /> with s ch 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 Bonds will be <br /> each ed therefor and cancelled. <br /> 8 <br /> IS ection 3. Form of Bond. <br /> 3.01. The Bonds will be printed or typewritten in substantially the following farm. <br /> <br /> 4 <br /> <br /> <br /> <br /> t <br /> s <br /> 310072 1 SJB NE136-214 6 <br /> 7 <br /> r <br /> i~ <br /> y! <br /> ii , <br />
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