Ordinances 2012 - Laserfiche WebLink

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form and substance reasonably satisfactory to the City and the Registrar, duly executed by the registered owner or by his or her duly authorized attorney-in-fact or legal representative. No Bond may be registered to bearer. New Refunding Bonds delivered upon any transfer or exchange shall be valid obligations of the City, evidencing the same debt as the Refunding Bonds surrendered, shall be secured by this Ordinance and entitled to all of the security and benefits hereof to the same extent as the Refunding Bonds surrendered. 11. Charges for Exchange or Transfer. No charge shall be made for any exchange or transfer of Refunding Bonds, but the City may require payment by the registered owner of any Refunding Bond of a sum sufficient to cover any tax or other governmental charge which may be imposed with respect to the transfer or exchange of such Bond. 12. Non-Arbitrage Certificate and Tax Covenants. The City Representative is authorized and directed to execute a Non-Arbitrage Certificate and Tax Covenants setting forth the expected use and investment of the proceeds of the Refunding Bonds and containing such covenants as may be necessary in order to comply with the provisions of the Internal Revenue Code of 1986, as amended (the "Code"), including without limitation the provisions of Section 148 of the Code and applicable regulations relating to "arbitrage bonds." The City Council covenants on behalf of the City that all of such proceeds will be invested and expended as set forth in the City's Non-Arbitrage Certificate and Tax Covenants and that the City will comply with the other covenants and representations contained therein. 13. Disclosure Documents. The City Representative and such officers and agents of the City as he or she may designate, are hereby authorized and directed to prepare, execute, if -7-