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Ordinances 2015
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Ordinances 2015
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Last modified
12/18/2015 1:32:38 PM
Creation date
1/21/2015 10:47:48 AM
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Ord/Resolutions
Year
2015
Ord/Resolutions - Type
Ordinances
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The approval of the final terms and conditions of the Bonds, subject to the foregoing <br />parameters, shall be evidenced conclusively by the execution and delivery of the Bonds in <br />accordance with paragraph 8 of this Ordinance. <br />5. Form of Bonds. The Bonds shall be in substantially the same form as the farm <br />presented at this meeting, with such appropriate variations, omissions, and insertions as are <br />permitted or required by this Ordinance. There may be endorsed on the Bonds such legend or <br />text as may be necessary or appropriate to conform to any applicable rules and regulations of any <br />governmental authority or any usage or requirement of law with respect thereto. <br />6. Book-Entry-Only Form. The Bonds sold to the public shall be issued in book- <br />entry-only form. The Bonds shall be issued in fully-registered form and registered in the name <br />of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC") <br />as registered owner of the Bonds, and immobilized in the custody of DTC. One fully-registered <br />Bond in typewritten or printed form for the principal amount of each maturity of the Bonds shall <br />be registered to Cede, & Co. Beneficial owners of the Bonds shall not receive physical delivery <br />of the Bonds. Principal, premium, if any, and interest payments on the Bonds shall be made to <br />DTC or its nominee as registered owner of the Bonds, on the applicable payment date. <br />Transfer of ownership interest in the Bonds shall be made by DTC and its participants <br />(the "Participants"), acting as nominees of the beneficial owners of the Bonds in accordance with <br />rules specified by DTC and its Participants. The City shall notify DTC of any notice required to <br />be given pursuant to this Ordinance or the Bonds not less than 15 calendar days prior to the date <br />upon which such notice is required to be given. The City shall also comply with the agreements <br />set forth in the City's Letter of Representations to DTC. <br />
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