Res. #11-007 - Accepting Proposals on the Sale of $2,760,000 G.O. Refunding Bond

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surrenderal to the Registrar sha11 be canceled by it and evidence of such cancellation shall be given to the City. If the mutilated, lost, stolen, or destroyed Bond has already matured or been ' called for redemption in accordance with its terms, it shall not be necessary to issue a new Bond prior to payment. (h) Redemption. In the event the Bonds are called for redemption, if applicable, notice thereof will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) not less than 30 days prior to the date fix� for redemption to the registered owner of the Bonds to be redeemal at the address shown on the registration books kept by the Registrar. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of any proceeding for the redemption of the Bonds. The Bonds when so called for redemption will cease to beaz interest after the specified redemption date, provided that the funds for the redemption are on deposit with the Registrar at the place of payment at the time. Section 7. Execution, Authentication and Deliverv. The Bonds sha11 be prepared under the direction of the Clerk of the City and sha11 be executed on behalf of the City by the manual signatures, or facsimile thereof, of its Mayor and Clerk. In case any officer whose � signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be such '�, officer before the delivery of the Bonds, such signature or facsimile sha11 nevertheless be valid and sufficient for a11 purposes, the saxne as if such officer had remained in office until delivery. Notwithstanding such execution, the Bonds shall not be valid or obligatory for any purpose or ' entitled to any security or benefit under this Resolution unless and until a certificate of authentication on such Bonds has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of Authentication on different Bonds need not be signed by the same representative. The executed certificate of authentica.tion on the Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. When the Bond has been so executed and authenticated, it shall be delivered by the Clerk or Registrar to the Purchaser thereof upon payment of the purchase price, and the Purchaser sha11 not be obligated to see to the application of the purchase price. Section 8. Temporarv Bonds. The City may elect to deliver, in lieu of printed definitive bonds, one or more typewritten temporary bonds in substantially the form set forth in Section 9, with such changes as may be necessary to reflect more than one maturity in a single temporary bond. Such temporary bonds may be executed with photocopied facsimile signatures of the Mayor and Clerk. Such temporary bonds shall, upon the printing of the definitive bonds and the execution thereof, be exchanged therefor and canceled. Section 9. Form of Bond 9.01. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the - - foliowmg form: ._ _ 8