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2014-04 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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2014-04 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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Last modified
2/27/2017 9:08:02 AM
Creation date
8/5/2015 3:28:48 PM
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Resolution/Ordinance
Res Ord Num
2014-04
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $26,000,000 GENERAL OBLIGATION BONDS, SERIES 2014
Department
Finance
Approved Date
2/3/2014
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to the City, or such depository's agent or designee, and if the City does not s lect such alternate <br /> global book-entry system, then the Bonds may be registered in whateve name or names <br /> registered owners of Bonds transferring or exchanging Bonds shall designate, n accordance with <br /> the provisions of Section 1 I hereof. <br /> Notwithstanding any other provision of this Ordinance to the contra y, so long as any <br /> Bond is registered in the name of Cede, as nominee of DTC, all paymen s with respect to <br /> principal of and interest on such Bond and all notices with respect to such Bond shall be made <br /> and given, respectively, in the manner provided in the Representation Letter. <br /> Section 6. Execution; Authentication. The Bonds shall be execute i on behalf of the <br /> City by the manual or facsimile signature of the Mayor and attested by the anual or facsimile <br /> signature of the City Clerk, as they may determine, and shall have impressed or imprinted <br /> thereon the corporate seal or facsimile thereof of the City. In case any such officer whose <br /> signature shall appear on any Bond shall cease to be such officer before the delivery of such <br /> Bond, such signature shall nevertheless be valid and sufficient for all purpo es, the same as if <br /> such officer had remained in office until delivery. All Bonds shall have ther on a certificate of <br /> authentication, substantially in the form hereinafter set forth, duly executed by the Bond <br /> Registrar as authenticating agent of the City and showing the date of authentication. No Bond <br /> shall be valid or obligatory for any purpose or be entitled to any security or benefit under this <br /> Ordinance unless and until such certificate of authentication shall have been duly executed by the <br /> Bond Registrar by manual signature, and such certificate of authentication up)n any such Bond <br /> shall be conclusive evidence that such Bond has been authenticated and de ivered under this <br /> Ordinance. The certificate of authentication on any Bond shall be deemed to hive been executed <br /> by it if signed by an authorized officer of the Bond Registrar, but it shall not be necessary that the <br /> same officer sign the certificate of authentication on all of the Bonds issued her under. <br /> -8- <br />
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