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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS
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Last modified
8/27/2015 10:31:38 AM
Creation date
8/27/2015 10:31:33 AM
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Resolution/Ordinance
Res Ord Num
2010-79
Res Ord Title
PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Department
Finance
Approved Date
11/15/2010
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upon presentation thereof at the principal corporate trust office of the Paying Agent, or at <br /> successor Paying Agent and locality. <br /> Section 5. Execution; Authentication. The Bonds shall be executed on behalf of the <br /> City by the manual or facsimile signature of its Mayor and attested by the manual or facsimile <br /> signature of its City Clerk, as they may determine, and shall have impressed or imprinted thereon <br /> the corporate seal or facsimile thereof of the City. In case any such officer whose signature shall <br /> appear on any Bond shall cease to be such officer before the delivery of such Bond, such <br /> signature shall nevertheless be valid and sufficient for all purposes, the same as if such officer <br /> had remained in office until delivery. All Bonds shall have thereon 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 upon any such Bond <br /> shall be conclusive evidence that such Bond has been authenticated and delivered under this <br /> Ordinance. The certificate of authentication on any Bond shall be deemed to have been executed <br /> by it if signed by an authorized officer of the Bond Registrar, but it shall not be necessary that <br /> the same officer sign the certificate of authentication on all of the Bonds issued hereunder. <br /> Section 6. Redemption. (a)Mandatory Redemption. The Series 2010A Bonds due on <br /> December 15, 2030, are subject to mandatory redemption, in integral multiples of $5,000 <br /> selected by lot by the Bond Registrar, at a redemption price of par plus accrued interest to the <br /> redemption date, on December 15, 2029, in the principal amount of$465,000. <br /> The Series 2010C Bonds due on December 15, 2022, are subject to mandatory <br /> redemption, in integral multiples of$5,000 selected by lot by the Bond Registrar, at a redemption <br /> -15- <br />
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