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7/17/2007 8:36:20 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9038
Resolution Title
Accepting the interest cost of 4.54% for $2,900,000 Improvement Bonds, Series 20
Resolution Date Passed
1/24/1994
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<br />(i) Redemption. In the event any of the Bonds are called for <br />redemption, notice thereof identifying the Bonds to be redeemed will be given <br />by the Registrar by mailing a copy of the redemption notice by first class mail <br />(postage prepaid) not more than 60 and not less than 30 days prior to the date <br />fixed for redemption to the registered owner of each Bond to be redeemed at <br />the address sh()'!í11. on the registration books kept by the Registrar and by <br />publishing tho {·(¡¡ice in the manner and if required by law. Failure to give <br />notice by publication or by mail to any registered owner, or any defect <br />therein, will not affect the validity of any proceeding for the redemption of <br />Bonds. Bonds so called for redemption will cease to bear interest after the <br />specified redemption date, provided that the funds for the redemption are on <br />deposit with the place of payment at that time. <br /> <br />2.04. Appointment of Initial Ree;istrar. The City appoints the City Finance <br />Director as the initial Registrar. The City reserves the right to remove the <br />Registrar and appoint a successor Registrar, in which event the predecessor <br />Registrar must deliver all cash and Bonds in its possession to the successor <br />Registrar and must deliver the bond register to the successor Registrar. On or <br />before each principal or interest due date, without further order of this Council, the <br />Finance Director must transmit to the Registrar moneys sufficient for the payment <br />of all principal and interest then due. <br /> <br />2.05. Execution, Authentication and Delivery. The Bonds will be prepared <br />under the direction of the City Manager and executed on behalf of the City by the <br />signatures of the Mayor and the City Manager, provided that all signatures may be <br />printed, engraved or lithographed facsimiles of the originals. In case any officer <br />whose signature or a facsimile of whose signature appears on the Bonds ceases to be <br />such officer before the delivery of any Bond, such signature or facsimile will <br />nevertheless be valid and sufficient for all purposes, the same as if the officer had <br />remained in office until delivery. Notwithstanding such execution, a Bond will not <br />be valid or obligatory for any purpose or entitled to any security or benefit under <br />this Resolution unless and until a certificate of authentication on the Bond has been <br />duly executed by the manual signature of an authorized representative of the <br />- Registrar. Certificates of authentication on different Bonds need not be signed by <br />the same representative. The executed certificate of authentication on each Bond <br />is conclusive evidence that it has been authenticated and delivered under this <br />Resolution. When the Bonds have been so prepared, executed and authenticated, <br />the Finance Director is to deliver the same to the Purchaser upon payment of the <br />purchase price in accordance with the contract of sale heretofore made and executed. <br />and the Purchaser is not obligated to see to the application of the purchase price. <br /> <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed <br />definitive Bonds one or more typewritten temporary Bonds in substantially the form <br />set forth in Section 3 with such changes as may be necessary to reflect more than one <br />maturity in a single temporary bond. Upon the execution and delivery of definitive <br />Bonds the temporary Bonds will be exchanged therefor and cancelled. <br /> <br />Section 3. Form of Bond. <br /> <br />3.01. The Bonds will be printed or typewritten in substantially the following <br /> <br />form: <br /> <br />DJJI6J766 <br />"200-13 <br /> <br />5 <br />
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