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06-054
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06-054
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9/26/2006 4:05:29 PM
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7/13/2006 1:28:51 PM
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<br />I jl <br /> <br />egistered owner of each Bond to be redeemed at the address shown on the registration <br />ooks kept by the Registrar and by publishing the notice if required by law. Failure to <br />ive notice by publication or by mail to any registered owner, or any defect therein, will <br />ot affect the validity of the proceedings for the redemption of Bonds. Bonds so called <br />or redemption will cease to bear interest after the specified redemption date, provided <br />at the funds for the redemption are on deposit with the place of payment at that time. <br /> <br />are au <br />merge <br />bank <br />autho <br />charge <br />Regis <br />event <br />Regis <br />ponc! <br />must <br />due. <br /> <br /> <br />.04. Appointment of Initial Re~istrar. The City appoints Wells Fargo Bank, National <br />ion, Minneapolis, MilUlesota, as the initial Registrar. The Mayor and the City Manager <br />rized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon <br />r consolidation of the Registrar with another corporation, if the resulting corporation is a <br />trust company authorized by law to conduct such business, the resulting corporation is <br />ed to act as successor Registrar. The City agrees to pay the reasonable and customary <br />of the Registrar for the services performed. The City reserves the right to remove the <br />upon 30 days' notice and upon the appointment of a successor Registrar, in which <br />predecessor Registrar must deliver all cash and Bonds in its possession to the successor <br />and must deliver the bond register to the successor Registrar. On or before each <br />or interest due date, without further order of this Council, the City Finance Director <br />smit to the Registrar moneys sufficient for the payment of all principal and interest then <br /> <br />.05. Execution. Authentication and Deliverv. The Bonds will be prepared under the <br />directi of the City Manager and executed on behalf of the City by the signatures of the Mayor <br />and th 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 Bond will not be valid or <br />obliga ry for any purpose or entitled to any security or benefit under this Resolution unless and <br />until a ertificate of authentication on the Bond has been duly executed by the manual signature <br />of an 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 e Bonds have been so prepared, executed and authenticated, the City Manager will <br />delive he 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 /> <br /> <br />.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br />ne or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br />h changes as may be necessary to reflect more than one maturity in a single temporary <br />Upon the execution and delivery of definitive Bonds the temporary Bonds will be <br />ed therefor and cancelled. <br /> <br />6 <br /> <br />H <br />
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