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87-137 PROVIDING FOR THE ISSUANCE OF CORPORATE PURPOSE BONDS, SERIES 1987
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87-137 PROVIDING FOR THE ISSUANCE OF CORPORATE PURPOSE BONDS, SERIES 1987
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8/25/2016 3:27:36 PM
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Resolution/Ordinance
Res Ord Num
87-137
Res Ord Title
PROVIDING FOR THE ISSUANCE OF $2,000,000 CORPORATE PURPOSE BONDS, SERIES 1987, OF THE CITY OF DECATUR...AND PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON SAID BONDS
Approved Date
12/7/1987
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. � <br /> Section 5. Execution; Authentication <br /> The Bonds shall be executed on behalf of the City by <br /> the manual or duly authorized facsimile signature of its Mayor <br /> and attested by the manual or duly authorized facsimile signature <br /> of its City Clerk, as they may determine, and shall have <br /> impressed or imprinted thereon the corporate seal of the City or <br /> a facsimile thereof. In case any such officer whose signature <br /> shall appear on any Bond shall cease to be such officer before <br /> the delivery of such Bond, such signature shall nevertheless be <br /> valid and sufficient for all purposes, the same as if such offi- <br /> cer had remained in office until delivery. All Bonds shall have <br /> thereon a certificate of authentication, substantially in the <br /> form hereinafter set forth, duly executed by the Bond Registrar <br /> as authenticating agent of the City and showing the date of <br /> authentication. No Bond shall be valid or obligatory for any <br /> purpose or be entitled to any security or benefit under this <br /> Ordinance unless and until such certificate of authentication <br /> shall have been duly executed by the Bond Registrar by manual <br /> signature, and such certificate of authentication upon any such <br /> Bond shall be conclusive evidence that such Bond has been authen- <br /> ticated and delivered under this Ordinance. The certificate of <br /> authentication on any Bond shall be deemed to have been executed <br /> by it if signed by an authorized officer of the Bond Registrar, <br /> but it shall not be necessary that the same officer sign the cer- <br /> tificate of authentication on all of the Bonds issued hereunder . <br /> -7- <br />
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