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2003-54 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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2003-54 PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION REFUNDING BONDS
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Last modified
1/28/2016 1:50:17 PM
Creation date
1/28/2016 1:50:14 PM
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Resolution/Ordinance
Res Ord Num
2003-54
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $34,000,000 GENERAL OBLIGATION REFUNDING BONDS AND PROVIDING FOR THE LEVY COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
9/2/2003
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� . <br /> At the time, the City may determine that the Bonds shall be registered in the name of and <br /> deposited with such other depository operating a global book-entry system, as may be acceptable <br /> to the City,or such depository's agent or designee, and if the City dces not select such alternate <br /> global book-entry system, then the Bonds may be registered in whatever name or names <br /> registered owners of Bonds transferring or exchanging Bonds shall designate, in accordance with <br /> the provisions of Section 11 hereof. <br /> Notwithstanding any other provision of this Ordinance to the contrary, so long as any <br /> Bond is registered in the name of Cede, as nominee of DTC, all payments 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 executed on behalf of the <br /> its Ma or and attested b the manual or facsimile <br /> City by the manual or facsimile signature of y y <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 sha11 <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 Registraz 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 /> -9- <br />
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