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2019 Ordinances
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Last modified
12/13/2019 9:07:10 AM
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1/10/2019 4:16:58 PM
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Notwithstanding anything to the contrary herein, by 5:00 p.m. on the date prior to the sale <br />date of any Bonds identified in an official notice of sale for the Bonds, if either no underwriter or <br />only one underwriter has advised of its intention to bid on any series of the Bonds, the City <br />Representative, after consultation with the City's financial advisor and the City's bond counsel, is <br />authorized to remove such series of Bonds from the bidding process and to pursue a negotiated <br />sale for such series of Bonds. <br />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 Exhibit A <br />attached hereto, with such appropriate variations, omissions, and insertions as are permitted or <br />required by this Ordinance. There may be endorsed on the Bonds such legend or text as may be <br />necessary or appropriate to conform to any applicable rules and regulations of any governmental <br />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 naive of <br />Cede & Co., as nominee of The Depository Trust Company, New York, New York ( "DTC ") as <br />registered owner of the Bonds, and immobilized in the custody of DTC. One fully- registered Bond <br />in typewritten or printed form for the principal amount of each maturity of the Bonds shall be <br />registered to Cede & Co. Beneficial owners of the Bonds shall not receive physical delivery of <br />the Bonds. Principal, premium, if any, and interest payments on the Bonds shall be made to DTC <br />or its nominee as registered owner of the Bonds, on the applicable payment date. <br />
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