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1991 Resolutions
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1991 Resolutions
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Last modified
2/6/2009 3:37:14 PM
Creation date
6/18/2001 5:14:55 PM
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Ord/Resolutions
Year
1991
Ord/Resolutions - Type
Resolutions
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- 4 - <br /> <br />transfer, or cause to be registered, exchanged or transferred, on <br />the b°°ks of regiStrY the Bonds as herein Set f0rth' <br /> <br /> (d) The books of registry shall all times be open for <br />inspecti°n by the City or any duly authorized officer thereof. <br /> <br /> (e) Any Bond may be exchanged at the principal office <br />of the registrar for such series of Bonds for a like aggregate <br />principal amount of such Bonds in other authorized principal <br />amounts of the same series, interest rate and maturity. <br /> <br /> (f) Any Bond of a given series may, in accordance with <br />its terms, be transferred upon the books of registry by the <br />person in whose name it is~registered, in person or by his duly <br />authorized agent, upon surrender of such Bond to the registrar <br />for cancellation, accompanied by a written instrument of transfer <br />duly executed by the registered owner in person or his duly <br />authorized agent, in form satisfactory to the registrar. <br /> <br /> (g) Ail transfers or exchanges pursuant to this <br />paragraph shall be made without expense to the registered owner <br />of such Bonds, except as otherwise herein provided, and except <br />that the registrar shall require the payment by the registered <br />owner of the Bond requesting such transfer or exchange of any tax <br />or other governmental charges required to be paid with respect to <br />such transfer or exchange. All Bonds surrendered pursuant-to <br />this paragraph shall be canceled. <br /> <br /> 4. The full faith and credit of the City shall be and <br />hereby is irrevocably pledged to the payment of the principal of <br />and interest on the Bonds as the same respectively become due and <br />payable. In each year while the Bonds, or any of the, are <br />outstanding and unpaid, there shall be assessed, levied and <br />collected, at the time and in th~ ~ame manner as other taxes in <br />the City are assessed, levied and collected, an ad valorem tax <br />upon all property subject to taxation by the City, without <br />limitation as to rate or amount, sufficient to provide for the <br />payment of the principal of and interest on the Bonds as the same <br />respectively become due and payable, if the revenues of the <br />aforesaid undertaking consisting of the water and sewerage system <br />are insufficient to meet the obligations herein set forth. <br /> <br /> 5. CUSIP identification numbers may be printed on the <br />Bonds, but no such number shall constitute or be deemed to be a <br />part of the contract evidenced by the particular Bond upon which <br />it is printed and no liability shall attach to the City or any <br />officer or agent thereof (including any paying agent for the <br />Bonds) by reason of such numbers or any use made thereof <br />(including any use made thereof by the City, any such officer or <br />any such agent) or by reason of any inaccuracy, error or omission <br />with respect thereto or in such use. All expenses in relation to <br />the printing of such numbers on the Bonds shall be paid by the <br /> <br /> <br />
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