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CC_Minutes_2011_1212
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Roseville City Council
Document Type
Council Minutes
Meeting Date
12/12/2011
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8. Execution. The Bonds shall be in typewritten form, shall be executed on behalf of <br /> the City by the signatures of its Mayor and Manager and be sealed with the seal of the City; <br /> provided, as permitted by law, both signatures may be photocopied facsimiles and the corporate <br /> seal has been omitted. In the event of disability or resignation or other absence of either officer, <br /> the Bonds may be signed by the manual or facsimile signature of the officer who may act on <br /> behalf of the absent or disabled officer. In case either officer whose signature or facsimile of <br /> whose signature shall appear on the Bonds shall cease to be such officer before the delivery of <br /> the Bonds, the signature or facsimile shall nevertheless be valid and sufficient for all purposes, <br /> the same as if the officer had remained in office until delivery. <br /> 9. Authentication. No Bond shall be valid or obligatory for any purpose or be <br /> entitled to any security or benefit under this resolution unless a Certificate of Authentication on <br /> such Bond, substantially in the form hereinabove set forth, shall have been duly executed by an <br /> authorized representative of the Bond Registrar. Certificates of Authentication on different <br /> Bonds need not be signed by the same person. The Bond Registrar shall authenticate the <br /> signatures of officers of the City on each Bond by execution of the Certificate of Authentication <br /> on the Bond and by inserting as the date of registration in the space provided the date on which <br /> the Bond is authenticated, except that for purposes of delivering the original Bonds to the <br /> Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue of <br /> December 1, 2011. The Certificate of Authentication so executed on each Bond shall be <br /> conclusive evidence that it has been authenticated and delivered under this resolution. <br /> 10. Registration; Transfer; Exchange. The City will cause to be kept at the principal <br /> office of the Bond Registrar a bond register in which, subject to such reasonable regulations as <br /> the Bond Registrar may prescribe,the Bond Registrar shall provide for the registration of Bonds <br /> and the registration of transfers of Bonds entitled to be registered or transferred as herein <br /> provided. <br /> Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the <br /> City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of <br /> registration(as provided in paragraph 9) of, and deliver, in the name of the designated transferee <br /> or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a <br /> like aggregate principal amount, having the same stated maturity and interest rate, as requested <br /> by the transferor; provided, however,that no Bond may be registered in blank or in the name of <br /> "bearer" or similar designation. <br /> At the option of the Holder, Bonds may be exchanged for Bonds of <br /> Y any Authorized <br /> Denomination or Denominations of a like aggregate principal amount and stated maturity, upon <br /> surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever <br /> any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond <br /> Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the <br /> Holder making the exchange is entitled to receive. <br /> All Bonds surrendered upon any exchange or transfer provided for in this resolution shall <br /> be promptly cancelled by the Bond Registrar and thereafter disposed of as directed by the City. <br /> 14 <br /> 4359970x1 <br />
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