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2008-99 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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2008-99 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS
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Last modified
10/16/2015 9:52:59 AM
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10/16/2015 9:52:56 AM
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Resolution/Ordinance
Res Ord Num
2008-99
Res Ord Title
PROVINDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES 2008
Department
Finance
Approved Date
12/15/2008
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Y <br /> obligations of the City, and the City shall be obligated to levy ad valorem taxes upon all the <br /> taxable property in the City for the payment of the Bonds and the interest thereon, without <br /> limitation as to rate or amount. <br /> Section S. Execution; Authentication. The Bonds shall be executed on behalf of the <br /> City by the manual or duly authorized facsimile signature of its Mayor and attested by the <br /> manual or duly authorized facsimile signature of its City Clerk, as they may determine, and shall <br /> have impressed or imprinted thereon the corporate seal or facsimile thereof of the City. In case <br /> any such officer whose signature shall appear on any Bond shall cease to be such officer before <br /> the delivery of such Bond, such signature shall nevertheless be valid and sufficient for all <br /> purposes, the same as if such officer had remained in office until delivery. <br /> All Bonds shall have thereon a certificate of authentication, substantially in the form <br /> hereinafter set forth, duly executed by the Bond Registrar as authenticating agent of the City and <br /> showing the date of authentication. No Bond shall be valid or obligatbry for any purpose or be <br /> entitled to any security or benefit under this Ordinance unless and until such certificate of <br /> authentication shall have been duly executed by the Bond Registrar by manual signature, and <br /> such certificate of authentication upon any such Bond shall be conclusive evidence that such <br /> Bond has been authenticated and delivered under this Ordinance. The certificate of <br /> authentication on any Bond shall be deemed to have been executed by it if signed by an <br /> authorized officer of the Bond Registrar, but it shall not be necessary that the same officer sign <br /> the certificate of authentication on all of the Bonds issued hereunder. <br /> Section 6. Redemption. The Bonds maturing on and after December 15, 2018, shall be <br /> subject to redemption prior to maturity at the option of the City as a whole, or in part in integral <br /> multiples of $5,000 in any order of their maturity as determined by th� City (less than all of the <br /> -10- <br />
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