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7/17/2007 9:22:51 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8268
Resolution Title
For the Purpose of Opening and Considering Bids for, and Awarding the Sale of, $4,500,000 General Obligation Improvement Bonds, Series 14
Resolution Date Passed
2/17/1988
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<br />(a) The redemption date; <br /> <br />(b) The redemption price; <br /> <br />(c) If less than all outstanding Bonds are to <br />beredeemed, the identification (and, in the case of <br />partial redemption, the respective principal amounts) of <br />the Bonds to be redeemed; <br /> <br />(d) That on the redemption date, the redemption <br />price will become due and payable upon each such Bond, <br />and that interest thereon shall cease to accrue from and <br />after said date; and <br /> <br />(e) The place where such Bonds are to be <br />surrendered for payment of the redemption price (which <br />shall be the office of the Bond Registrar). <br /> <br />Notices to Midwest Securities Trust Company or its <br />nominee shall contain the CUSIP numbers of the Bonds. If <br />there are any Holders of the Bonds other than the Depository <br />or its nominee, the Bond Registrar shall use its best efforts <br />to deliver any such notice to the Depository on the business <br />day next preceding the date of mailing of such notice to all <br />other Holders. <br /> <br />8. Bond Registrar. The Finance Director of the <br />City is appointed to act as bond registrar and transfer agent <br />with respect to the Bonds (the "Bond Registrar"), and shall do <br />so unless and until a successor Bond Registrar is duly <br />appointed. A successor Bond Registrar shall be an officer of <br />the City or a bank or trust company eligible for designation <br />as bond registrar pursuant to Minnesota Statutes, Chapter 475, <br />and may be appointed pursuant to any contract the City and <br />such successor Bond Registrar shall execute which is <br />consistent herewith. The Bond Registrar shall also serve as <br />paying agent under and until a successor paying agent is duly <br />appointed. Principal and interest on the Bonds shall be paid <br />to the Holders (or record holders) of the Bonds in the manner <br />set forth in the Forms of Bond and paragraph 14 of this <br />resolution. <br /> <br />9. Forms of Bond. The Bonds to be issued hereunder <br />shall be in the form of Global Certificates unless and until <br />Replacement Bonds are made available as provided in para- <br />graph 6. Each form of bond may contain such additional or <br />different terms and provisions as to the form of payment, <br /> <br />9 <br />
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