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Res. #06-038 - Awarding Sale of $2,700,000 G.O. Impr. Bonds, Series 2006A
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Res. #06-038 - Awarding Sale of $2,700,000 G.O. Impr. Bonds, Series 2006A
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<br />2.05. Execution. Authentication and Delivery. The Bonds will be prepared under the <br />direction of the City Administrator and executed on behalf of the City by the signatures of the <br />Mayor and the City Administrator, provided that those signatures may be printed, engraved or <br />lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose <br />signature appears on the Bonds ceases to be such officer before the delivery of a Bond, that <br />signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the <br />officer had remained in office until delivery. Notwithstanding such execution, a Bond will not <br />be valid or obligatory for any purpose or entitled to any security or benefit under this Resolution <br />unless and until a certificate of authentication on the Bond has been duly executed by the manual <br />signature of an authorized representative of the Registrar. Certificates of authentication on <br />different Bonds need not be signed by the same representative. The executed certificate of <br />authentication on a Bond is conclusive evidence that it has been authenticated and delivered <br />under this Resolution. When the Bonds have been so prepared, executed and authenticated, the <br />City Administrator will deliver the same to the Purchaser upon payment of the purchase price in <br />accordance with the contract of sale heretofore made and executed, and the Purchaser is not <br />obligated to see to the application of the purchase price. <br /> <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br />Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br />with such 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 />exchanged therefor and cancelled. <br /> <br />Section 3. <br /> <br />Form of Bond. <br /> <br />3.01. Execution of the Bonds. The Bonds will be printed or typewritten in substantially <br />the following form: <br /> <br />No.R- <br /> <br />$ <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 200M <br /> <br />Rate <br /> <br />Maturity <br /> <br />Date of <br />Original Issue <br /> <br />CUSIP <br /> <br />March I, 20_ <br /> <br />September 1,2006 <br /> <br />Registered Owner: Cede & Co. <br /> <br />294858v3 SJB CE155-26 <br /> <br />7 <br />
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