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7/17/2007 8:38:58 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9525
Resolution Title
Accepting bid on sale of $13,280,000 General Obligation Tax Increment Refunding Bonds, Series, 1998, providing for their issuance and pledging for the security thereof tax increments (2/23/98).
Resolution Date Passed
2/23/1998
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<br />8. Execution: Temporary Bonds. The Bonds shall be <br />printed (or, at the request of the Purchaser, typewritten) and <br />shall be executed on behalf of the City by the signatures of its <br />Mayor and Manager and be sealed with the seal of the City¡ <br />provided, however, that the seal of the City may be a printed <br />(or, at the request of the Purchaser, photocopied) facsimile¡ and <br />provided further that both of such signatures may be printed (or, <br />at the request of the Purchaser, photocopied) facsimiles and the <br />corporate seal may be omitted on the Bonds as permitted by law. <br />In the event of disability or resignation or other absence of <br />either such officer, the Bonds may be signed by the manual or <br />facsimile signature of that officer who may act on behalf of such <br />absent or disabled officer. In case either such officer whose <br />signature or facsimile of whose signature shall appear on the <br />Bonds shall cease to be such officer before the delivery of the <br />Bonds, such signature or facsimile shall nevertheless be valid <br />and sufficient for all purposes, the same as if he or she had <br />remained in office until delivery. The City may elect to <br />deliver, in lieu of printed definitive bonds, one or more <br />typewritten temporary bonds in substantially the form set forth <br />above, with such changes as may be necessary to reflect more than <br />one maturity in a single temporary bond. Such temporary bonds <br />may be executed with photocopied facsimile signatures of the <br />Mayor and Manager. Such temporary bonds shall, upon the printing <br />of the definitive bonds and the execution thereof, be exchanged <br />therefor and canceled. <br /> <br />9. Authentication. No Bond shall be valid or <br />obligatory for any purpose or be entitled to any security or <br />benefit under this resolution unless a Certificate of <br />Authentication on such Bond, substantially in the form <br />hereinabove set forth, shall have been duly executed by an <br />authorized representative of the Bond Registrar. Certificates of <br />Authentication on different Bonds need not be signed by the same <br />person. The Bond Registrar shall authenticate the signatures of <br />officers of the City on each Bond by execution of the Certificate <br />of Authentication on the Bond and by inserting as the date of <br />registration in the space provided the date on which the Bond is <br />authenticated, except that for purposes of delivering the <br />original Bonds to the Purchaser, the Bond Registrar shall insert <br />as a date of registration the date of original issue, which date <br />is March 15, 1998. The Certificate of Authentication so executed <br />on each Bond shall be conclusive evidence that it has been <br />authenticated and delivered under this resolution. <br /> <br />10. Registration: Transfer: Exchange. The City will <br />cause to be kept at the principal office of the Bond Registrar a <br />bond register in which, subject to such reasonable regulations as <br />the Bond Registrar may prescribe, the Bond Registrar shall <br />provide for the registration of Bonds and the registration of <br /> <br />906107.01 <br /> <br />18 <br />
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