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Last modified
9/14/2009 1:19:45 PM
Creation date
9/14/2009 1:16:28 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
7/20/2009
Resolution #
10737
Resolution Title
RESOLUTION ACCEPTING PROPOSAL ON THE COMPETITIVE NEGOTIATED SALE OF $1,070,000 GENERAL OBLIGATION REFUNDING IMPROVEMENT BONDS, SERIES 2009B, PROVIDING FOR THEIR ISSUANCE AND PLEDGING FOR THE SECURITY THEREOF SPECIAL ASSESSMENTS AND LEVYING A TAX FOR
Resolution Summary
General obligation Refunding Improvement Bonds
Resolution Date Passed
7/20/2009
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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 maybe 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 />the 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 />August 1, 2009. The Certificate of Authentication so executed on each Bond shall be conclusive <br />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 maybe registered in blank or in the name of <br />"bearer" or similar designation. <br />At the option of the Holder, Bonds maybe exchanged for Bonds of 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 canceled by the Bond Registrar and thereafter disposed of as directed by the City. <br />2377316v1 1 1 <br />
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