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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 />.' .,,0 <br /> <br />14. Interest Payment; Record Date. Interest on any <br />Global Certificate shall be paid as provided in the first <br />paragraph thereof, and interest on any Replacement Bond shall <br />be paid on each Interest Payment Date by check or draft mailed <br />to the person in whose name the Bond is registered (the <br />"Holder") on the registration books of the City maintained by <br />the Bond Registrar, and in each case at the address appearing <br />thereon.at the close of business on the fifteenth (l5th) <br />calendar day preceding such Interest Payment Date (the <br />"Regular Record Date"). Any such interest not so timely paid <br />shall cease to be payable to the person who is the Holder <br />thereof as of the Regular Record Date, and shall be payable to <br />the person who is the Holder thereof at the close of business <br />on a date (the "Special Record Date") fixed by the Bond <br />Registrar whenever money becomes available for payment of the <br />defaulted interest. Notice of the Special Record Date shall <br />be given by the Bond Registrar to the Holders not less than <br />ten (10) days prior to the Special Record Date. <br /> <br />15. Holders; Treatment of Registered Owner; Consent <br />of Holders. <br /> <br />(A) For the purposes of all actions, consents and <br />other matters affecting Holders of the Bonds, other than <br />payments, redemptions, and purchases, the City may (but shall <br />not be obligated to) treat as the Holder of a Bond the <br />beneficial owner of the Bond instead of the person in whose <br />name the Bond is registered. For that purpose, the City may <br />ascertain the identity of the beneficial owner of the Bond by <br />such means as the Bond Registrar in its sole discretion deems <br />appropriate, including but not limited to a certificate from <br />the person in whose name the Bond is registered identifying <br />such beneficial owner. <br /> <br />(B) The City and Bond Registrar Holders; may treat <br />the person in whose name any Bond is registered as the owner <br />of such Bond for the purpose of receiving payment of principal <br />of and premium, if any, and interest (subject to the payment <br />provisions in paragraph 14 above) on, such Bond and for all <br />other purposes whatsoever whether or not such Bond shall be <br />overdue, and neither the City nor the Bond Registrar shall be <br />affected by notice to the contrary. <br /> <br />(C) Any consent, request, direction, approval, <br />objection or other instrument to be signed and executed by the <br />Holders may be in any number of concurrent writings of similar <br />tenor and must be signed or executed by such Holders in person <br />or by agent appointed in writing. Proof of the execution of <br />
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