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1987 Resolutions
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1987 Resolutions
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2/6/2009 3:37:51 PM
Creation date
6/20/2001 4:52:20 PM
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Ord/Resolutions
Year
1987
Ord/Resolutions - Type
Resolutions
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included in determining the limitation upon the power of ~he <br />City to incur indebtedness. <br /> <br /> 5. The City covenants and agrees to comply with <br />the provisions of Sections 103 and 141-150 of the Internal <br />Revenue Code of 1986, as amended, and the Treasury <br />Regulations promulgated thereunder throughout the term of <br />the Series 1987 Bonds. .~ <br /> <br /> 6. The Bonds shall be sold in conjunction with <br />the sale of the Public Improvement and Refundi'ng Bonds, <br />Series 1987, and the Public Utility and Refunding Bonds, <br />Series 1987, of the City, authorized for sale by the Council <br />at the meeting at which this resolution is being adopted. <br /> <br /> 7. The Bonds shall be executed, for and on <br />behalf of the City, by the facsimile signatures of the Mayor <br />and the Director of Finance of the City, and a facsimile of <br />the corporate seal of the City shall be imprinted on the <br />Bonds and attested by the facsimile signature of the City <br />Clerk of the City. <br /> <br /> The Director of Finance shall direct the Registrar <br />for the Bonds to authenticate such Bonds and no such Bond <br />shall be valid or obligatory for any purpose unless and <br />until the certificate of authentication endorsed on each <br />Bond shall have been manually executed by an authorized <br />signator of the Registrar. Upon the authentication of any <br />Bonds the Registrar shall insert in the certificate of <br />authentication the date as of which such Bonds are authen- <br />ticated as follows: (i) if the Bond is authenticated prior <br />to the first interest payment date, the certificate shall be <br />dated as of the date the Bonds are delivered to and paid for <br />by the initial purchasers thereof; (ii) if the Bond is <br />authenticated upon an interest payment da%e, the certificate <br />shall be dated as of such interest paymen~ date; (iii) if <br />the Bond Ks authenticated after the fifteenth (15th) day of <br />the calendar month next preceding an interest payment date <br />and prior to such interest payment date, the certificate <br />shall be dated as of such interest payment date; and (iv) in <br />all other instances the certificate shall be dated as of the <br />interest payment date next preceding the date upon which the <br />Bond is authenticated. <br /> <br /> The execution of the Bonds in the manner above set <br />forth is adopted as a due and sufficient authentication of <br />the Bonds. <br /> <br /> 8. CUSIP identification numbers may be printed <br />on the Bonds, but neitker the failure to print any such <br />number on any Bond nor any error or omission with respect <br />thereto shall constitute cause for failure or refusal by the <br />Underwriters for the Bonds to accept delivery of and pay for <br />the Bonds in accordance with the terms of the Bond Purchase <br /> <br /> <br />
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