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1993 Resolutions
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1993 Resolutions
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Last modified
2/6/2009 3:36:49 PM
Creation date
6/13/2001 5:06:58 PM
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Ord/Resolutions
Year
1993
Ord/Resolutions - Type
Resolutions
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-7- <br /> <br />the City, ad valorem taxes, without limitation of rate or amount, sufficient to provide for the <br />payment of the principal of and interest on the Bonds as the same become due. <br /> <br /> 4. The City covenants and agrees to comply with the provisions of Sections <br />103 and 141-150 of the Internal Revenue Code of 1986 and the Treasury Regulations <br />promulgated thereunder throughout the term of the Bonds. <br /> <br /> 5. The Bonds shall be sold in conjunction with the sale of the General <br />Obligation Public Utility Refunding Bonds, Series 1993, of the City, authorized for sale by the <br />Council at the meeting at which this resolution is being adopted. <br /> <br /> 6. The Bonds shall be executed, for and on behalf of the City, by the <br />facsimile signatures of tho Mayor and the Director of Finance of the City, and a facsimile of the <br />corporate seal of the City shall be imprinted on the Bonds and attested by the facsimile signature <br />of the City Clerk of the City. <br /> <br /> The Director of Finance of the City, as the Registrar for the Bonds, shall <br />authenticate such Bonds and no such Bond shall be valid or obligatory for any purpose unless <br />and until the certificate of authentication endorsed on each Bond shall have been manually <br />executed by or on behalf of the Registrar. Upon the authentication of any Bonds the Registrar <br />shall insert in the certificate of authentication the date as of which such Bonds are authenticated <br />as follows: (i) if the Bond is authenticated prior to the first interest payment date, the certificate <br />shall be dated as of the date the Bonds are delivered to and paid for by the inJtlal purchasers <br />thereof; (ii) if the Bond is authenticated upon an interest payment date, the certificate shall be <br />dated as of such interest payment date; (ii) if the Bond is authenticated after the fifteenth (15th) <br />day of the calendar month next preceding an interest payment date and prior to such interest <br />payment date, the certificate shall be dated as of such interest payment date; and (iv) in all other <br />instances the certificate shall be dated as of the interest payment date next preceding the date <br />upon which the Bond is authenticated. <br /> <br /> The execution of the Bonds in the manner above set fomh is adopted as a due and <br />sufficient authentication of the Bonds. <br /> <br /> CLISIP identification numbers may be printed on the Bonds, but neither the failure <br />to print any such number on any Bond nor any error or omission with respect thereto shall <br />constitute cause for failure or refusal by the Underwriter of the Bonds to accept delivery of and <br />pay for the Bonds in accordance with the terms of the Purchase Contract. No such number shall <br />constitute or be deemed to be a part of any Bond or a part of the contract evidenced thereby and <br />no liability shall attach to the City or any of its officers or agents because of or on account of <br />any such number or any use made thereof. Ali expenses in relation to the printing of such <br />numbers on the Bond shall be paid by the City, including the CUSIP Service Bureau charge for <br />the assignment of such numbers. <br /> <br /> <br />
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