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1997 Resolutions
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1997 Resolutions
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2/6/2009 3:36:13 PM
Creation date
6/8/2001 5:29:52 PM
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Ord/Resolutions
Year
1997
Ord/Resolutions - Type
Resolutions
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premmum, if any, and interest on such Series 1997B Bonds to the <br />extent other funds of the City are not lawfully available and <br />appropriated for such purpose and if and to the extent the <br />revenues of the water and sewerage system of the City are <br />insufficient for that purpose. <br /> <br /> SECTION 4. Execution and Authentication of Bonds. <br />(a) The Bonds shall be executed, for and on behalf of the <br />City, by the manual or facsimile signatures of the Mayor and <br />the Deputy City Manager for Finance, and the corporate seal of <br />the City shall be impressed on the Bonds or a facsimile thereof <br />imprinted on the Bonds and attested by the manual or facsimile <br />signature of the City Clerk. <br /> <br /> (b) The Deputy City Manager for Finance, as the <br />Registrar for the Bonds, shall authenticate such Bonds and no <br />such Bond shall be valid or obligatory for any purpose unless <br />and until the certificate of authenticatlon endorsed on such <br />Bond shall have been manually executed by or on behalf of the <br />Registrar. Upon the authentication of any Bonds the Registrar <br />shall insert in the certificate of authentication the date as <br />of which such Bonds are authenticated as follows: (i) if the <br />Bond is authenticated prior to the first interest payment date, <br />the certificate shall be dated as of the date the Bonds are <br />delivered to and paid for by the initial purchasers thereof; <br />(ii) if the Bond is authenticated upon an interest payment <br />date, the certificate shall be dated as of such interest <br />payment date; (iii) if the Bond is authenticated after the <br />fifteenth (15th) day of the calendar month next preceding an <br />interest payment date and prior to such interest payment date, <br />the certificate shall be dated as of such interest payment <br />date; and (iv) in all other instances the certificate shall be <br />dated as of the interest payment date next preceding the date <br />upon which the Bond is authenticated. <br /> <br /> (c) The execution of the Bonds in the manner above set forth <br />is adopted as a due and sufficient authentication of the Bonds. <br /> <br /> SECTION 5. Payment of Bonds; Books of Registry <br />Exchanges and Transfers of Bonds. (a) The principal of and <br />premium, if any, and interest on the Bonds shall be payable in <br />such coin or currency of the United States of America as at the <br />respective dates of payment is legal tender for public and <br />private debts. The principal of and premium, if any, on the <br />Bonds shall be payable at the office of the Registrar. The <br />interest on the Bonds shall be paid by check mailed by the <br />Registrar to the registered owners of record of the Bonds (i) <br /> <br /> <br />
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