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Last modified
7/17/2007 9:23:32 AM
Creation date
4/25/2005 12:35:45 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8417
Resolution Title
Awarding the purchase of $3,500,000.00 in General Obligation Improvement Bonds, Series 15, to Prudential Bache
Resolution Date Passed
2/22/1989
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<br />.' <br /> <br />Transfer. This Bond is transferable by the Holder <br />in person or by his, her or its attorney duly authorized in <br />writing at the principal office of the Bond Registrar upon <br />presentation and surrender hereof to the Bond Registrar, all <br />subject to the terms and conditions provided in the Resolution <br />and to reasonable regulations of the Issuer contained in any <br />agreement with the Bond Registrar. Thereupon the Issuer shall <br />execute and the Bond Registrar shall authenticate and deliver, <br />in exchange for this Bond, one or more new fully registered <br />Bonds in the name of the transferee (but not registered in <br />blank or to "bearer" or similar designation), of an authorized <br />denomination or denominations, in aggregate principal amount <br />equal to the principal amount of this Bond, of the same <br />maturity and bearing interest at the same rate. Whenever <br />ownership of the Bond should be transferred under any other <br />circumstances or be negotiated in nominee name only, the <br />registered owner of the Bond shall, if and to the extent <br />required to qualify this Bond as being "in registered form" <br />within the meaning of Section 149(a) of the federal Internal <br />Revenue Code of 1986, as amended, and at the direction and <br />expense of the Issuer, maintain for the Issuer a record of the <br />actual owner of the Bonds. <br /> <br />Fees upon Transfer or Loss. The Bond Registrar may <br />require payment of a sum sufficient to cover any tax or other <br />governmental charge payable in connection with the transfer or <br />exchange of this Bond and any legal or unusual costs regarding <br />transfers and lost Bonds. <br /> <br />Treatment of Registered Owners. The Issuer and Bond <br />Registrar may treat the person in whose name this Bond is <br />registered as the owner hereof for the purpose of receiving <br />payment as herein provided (except as otherwise provided on <br />the reverse side hereof with respect to the Record Date) and <br />for all other purposes, whether or not this Bond shall be <br />overdue, and neither the Issuer nor the Bond Registrar shall <br />be affected by notice to the contrary. <br /> <br />Authentication. This Bond shall not be valid or <br />become obligatory for any purpose or be entitled to any <br />security unless the Certificate of Authentication hereon shall <br />have been executed by the Bond Registrar. <br /> <br />Qualified Tax-Exempt Obligations. The Bonds have <br />been designated by the Issuer as "qualified tax-exempt <br />obligations" for purposes of Section 265(b)(3) of the federal <br />Internal Revenue Code of 1986, as amended. <br />
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