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Last modified
9/14/2009 1:26:11 PM
Creation date
9/14/2009 1:26:09 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
7/20/2009
Resolution #
10738
Resolution Summary
Competitive Negotiated Sale of $1,155,000 Taxable General Obligation Housing Improvement Bonds, Series 2009A
Resolution Date Passed
7/20/2009
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8. Execution; Tem orary Bonds. The Bonds shall be printed (or, at the request of <br />the Purchaser, typewritten) and 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; provided, however, that the seal of <br />the City may be a printed (or, at the request of the Purchaser, photocopied) facsimile and the <br />corporate seal maybe omitted on the Bonds as permitted by law. In the event of disability or <br />resignation or other absence of either such officer, the Bonds maybe signed by the manual or <br />facsimile signature of that officer who may act on behalf of such absent or disabled officer. In <br />case either such officer whose signature or facsimile of whose signature shall appear on the <br />Bonds shall cease to be such officer before the delivery of the Bonds, such signature or facsimile <br />shall nevertheless be valid and sufficient for all purposes, the same as if he or she had remained <br />in office until delivery. The City may elect to deliver, in lieu of printed definitive bonds, one or <br />more typewritten temporary bonds in substantially the form set forth above, with such changes as <br />may be necessary to reflect more than one maturity in a single temporary bond. Such temporary <br />bonds maybe executed with photocopied facsimile signatures of the Mayor and Manager. Such <br />temporary bonds shall, upon the printing of the definitive bonds and the execution thereof, be <br />exchanged therefor and canceled. <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, <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 />2377798v1 <br />14 <br />
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