My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2019 Ordinances
Portsmouth-City-Attorney
>
ORDINANCES
>
2019
>
2019
>
2019 Ordinances
>
2019 Ordinances
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/13/2019 9:07:10 AM
Creation date
1/10/2019 4:16:58 PM
Metadata
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
230
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
6. Form of Bond and Indenture. The Bonds shall be in substantially the form attached <br />as Exhibit A to the Financing Agreement and on file in the City's records, with such appropriate <br />variations, omissions and insertions as are permitted or required by this Ordinance or any <br />subsequent ordinance or resolution of the City Council. There may be endorsed on the Bonds such <br />legend or text as may be necessary or appropriate to conform to any applicable rules and <br />regulations of any governmental authority or any usage or requirement of law with respect thereto. <br />The Indenture shall be in substantially the same form on file in the City's records, pledging the net <br />revenues derived from the ownership and operation of the City's water and sewer systems to <br />payment of the principal of, premium, if any, and interest on the Bonds, and contain such other <br />provisions as the City Representative shall determine to be necessary and appropriate. <br />7. Appointment of Registrar and Paying Agent. The City Representative is hereby <br />authorized and directed to appoint as Registrar and Paying Agent for the Bonds, a bank or other <br />financial institution capable of performing such duties, and in the absence of such appointment the <br />Chief Financial Officer is appointed Registrar. <br />The City Representative may appoint a subsequent Registrar or one or more Paying Agents <br />for the Bonds by giving written notice to VRA specifying the name and location of the principal <br />office of any such Registrar or Paying Agent. <br />8. Execution and Delivery of Bonds. The City Manager and the Clerk of the City are <br />hereby authorized and directed to execute the Bonds, to affix the seal of the City thereto, and to <br />deliver the Bonds to or at the direction of VRA upon payment of the first principal advance <br />thereunder. The City Manager or the Clerk, or both, may execute and affix the seal, as applicable, <br />by facsimile, provided, however, that if the signatures of the City Manager and the Clerk are both <br />M <br />
The URL can be used to link to this page
Your browser does not support the video tag.