CCP 04-27-1992 - Laserfiche WebLink

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. records, as provided in Section lO below. The City . Clerk/Administrator is authorized and directed to deliver a certified copy of this Bond Resolution to the County Auditor of Ramsey County, together with such other information as the County Auditor may require, and obtain the certificate of the County Auditor as to entry of the Bond on his bond register as required by the Act and Section 475.63, Minnesota Statutes. 9. Mutilated. Lost. Stolen or Destroved Bond. If the Bond is mutilated, lost, stolen or destroyed, the City may execute and deliver to the Holder a new Bond of like amount, date, number and tenor as that mutilated, lost, stolen or destroyed; provided that, in the case of mutilation, the mutilated Bond shall first be surrendered to the City, and in the case of a lost, stolen or destroyed Bond, there shall be first furnished to the City and the Borrower evidence of such loss, theft or destruction satisfactory to the City and the Borrower, together with indemnity satisfactory to them. The City and Borrower may charge the Holder with their reasonable fees and expenses in replacing any mutilated, lost, stolen or destroyed Bond. lO. Transfer of Bond: Person Treated as Holder. The Bond shall be transferable by the Holder only on the registration records of the City, upon presentation of the Bond for notation of such transfer thereon at the office of the City . Clerk/Administrator, as Bond registrar, accompanied by a written instrument of transfer in form satisfactory to the City Clerk/Administrator and the City Attorney duly executed by the Holder or its attorney duly authorized in writing. The Bond shall continue to be subject to successive transfers in such manner at the option of the Holder of the Bond. No service charge shall be made for any such transfer, but the City Clerk/Administrator may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith, which the Borrower shall pay under the Loan Agreement. The person in whose name the Bond shall be issued or, if transferred, shall be registered from time to time shall be deemed and regarded as the absolute Holder thereof for all purposes, and payment of or on account of the principal of and interest on the Bond shall be made only to or upon the order of the Holder thereof, or its attorney duly authorized in writing, and neither the City, the City Clerk/Administrator, the Borrower, nor the Lender shall be affected by any notice to the contrary. All such payments shall be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. The Bond shall be initially registered in the name of the Lender. lL Amendments. Chanqes and Modifications to Documents and Bond Resolution. Except pursuant to Section 9.09 of the Loan Agreement, the City shall not enter into or make any change, . -5-