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2013-05-22 Handouts @ Meeting
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2013-05-22 Handouts @ Meeting
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surrendered to the Registrar shall be canceled by it and evidence of such cancellation shall be <br /> given to the City. If the mutilated, lost, stolen, or destroyed Bond has already matured or been <br /> called for redemption in accordance with its terms, it shall not be necessary to issue a new Bond <br /> prior to payment. <br /> (h) Redemption In the event the Bonds are called for redemption, if applicable, notice <br /> thereof will be given by the Registrar by mailing a copy of the redemption notice by first class <br /> mail (postage prepaid) not less than 30 days prior to the date fixed for redemption to the <br /> registered owner of the Bonds to be redeemed at the address shown on the registration books <br /> kept by the Registrar. Failure to give notice by publication or by mail to any registered owner, or <br /> any defect therein, will not affect the validity of any proceeding for the redemption of the Bonds. <br /> The Bonds when so called for redemption will cease to bear interest after the specified <br /> redemption date, provided that the funds for the redemption are on deposit with the Registrar at <br /> the place of payment at the time. <br /> Section 7. Execution, Authentication and Delivery The Bonds shall be prepared <br /> under the direction of the City Clerk of the City and shall be executed on behalf of the City by <br /> the manual signatures, or facsimile thereof, of its City Clerk and Mayor. In case any officer <br /> whose signature, or a facsimile of whose signature, shall appear on the Bonds shall cease to be <br /> such officer before the delivery of the Bonds, such signature or facsimile shall nevertheless be <br /> valid and sufficient for all purposes, the same as if such officer had remained in office until <br /> delivery. Notwithstanding such execution, the Bonds shall not be valid or obligatory for any <br /> purpose or entitled to any security or benefit under this Resolution unless and until a certificate <br /> of authentication on such Bonds has been duly executed by the manual signature of an <br /> authorized representative of the Registrar. Certificates of Authentication on different Bonds <br /> need not be signed by the same representative. The executed certificate of authentication on the <br /> Bond shall be conclusive evidence that it has been authenticated and delivered under this <br /> resolution. When the Bond has been so executed and authenticated, it shall be delivered by the <br /> City Clerk or Registrar to the Purchaser thereof upon payment of the purchase price, and the <br /> Purchaser shall not be obligated to see to the application of the purchase price. <br /> Section 8. Temporary Bonds The City may elect to deliver, in lieu of printed <br /> definitive bonds, one or more typewritten temporary bonds in substantially the form set forth in <br /> Section 9, with such changes as may be necessary to reflect more than one maturity in a single <br /> temporary bond. Such temporary bonds may be executed with photocopied facsimile signatures <br /> of the Mayor and City Clerk. Such temporary bonds shall, upon the printing of the definitive <br /> bonds and the execution thereof, be exchanged therefor and canceled. <br /> Section 9. Form of Bond <br /> 9.01. The Bonds, together with the Bond Registrar's Certificate of Authentication, the <br /> form of Assignment and the registration information thereon, shall be in substantially the <br /> following form: <br /> 8 <br />
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