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2005 Ordinances
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2005 Ordinances
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3/13/2006 11:57:55 AM
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3/31/2005 2:05:24 PM
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<br />w~ <br /> <br />..or <br /> <br />. <br /> <br />Bonds specifying the name and location of the principal office of any such registrar or paying <br /> <br />agent. <br /> <br />7. Execution of Bonds. The City Manager and the Clerk of the City are authorized <br /> <br /> <br />and directed to execute appropriate negotiable Bonds and to affix the seal of the City thereto and <br /> <br /> <br />to deliver the Bonds to the purchaser thereof upon payment of the purchase price. The manner of <br /> <br /> <br />execution and affixation of the seal may be by facsimile, provided, however, that if the <br /> <br /> <br />signatures of the City Manager and the Clerk are both by facsimile, the Bonds shall not be valid <br /> <br /> <br />until signed at the foot thereof by the manual signature of the Bond Registrar. <br /> <br />. <br /> <br />8. CUSIP Numbers. The Bonds shall have CUSIP identification numbers printed <br /> <br />thereon. No such number shall constitute a part of the contract evidenced by the Bond on which <br /> <br /> <br />it is imprinted and no liability shall attach to the City, or any of its officers or agents by reason of <br /> <br /> <br />such numbers or any use made of such numbers, including any use by the City and any officer or <br /> <br /> <br />agent of the City, by reason of any inaccuracy, error or omission with respect to such numbers. <br /> <br />9. Registration, Transfer and Exchange. Upon surrender for transfer or exchange of <br /> <br /> <br />any Bond at the principal office of the Bond Registrar, the City shall execute and deliver and the <br /> <br /> <br />Bond Registrar shall authenticate in the name of the transferee or transferees a new Bond or <br /> <br /> <br />Bonds of any authorized denomination in an aggregate principal amount equal to the Bond <br /> <br /> <br />surrendered and of the same form and maturity and bearing interest at the same rate as the Bond <br /> <br /> <br />surrendered, subject in each case to such reasonable regulations as the City and the Bond <br /> <br /> <br />Registrar may prescribe. All Bonds presented for transfer or exchange shall be accompanied by <br /> <br />a written instrument or instruments of transfer or authorization for exchange, in form and <br /> <br />substance reasonably satisfactory to the City and the Bond Registrar, duly executed by the <br /> <br />. <br /> <br />
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