Minutes 01/07/1991 - Laserfiche WebLink

Home Browse Search

January 7, 1991 (b) Th~ City Manager shall direct the registrar for of a given series to authantlcate such Bonds and no shall be valid or obliga~ry for any purpose unless and the certificate of a~thentic~ion endorsed on e~ch Bond have been manually executed by or on behalf of the Upon the authentication of any Bonds the registrar insert in the certificate of authentication the date as of whi such Bonds are authenticated as follows: (i) if the Bond is! prior to the first interest payment date, the shall be dated es of the date of the initial deliveryI of payment for the series of Bonds of which this Bond is one; the Bond is authenticated upon an interest payment date, shall be dated as of such interest payment date; (ii if the Bond is authenticated after the fifteenth (15th) day of calendar month next preceding an interest payment date and such interest payment date, the certificate shall be as of such interest payment date; and (iv) in all other the certificate shall be dated as of the interest date next preceding the date upon which the Bond is be off the for (c) The execution of the Bonds in the manner above set is adopted as a due and sufficient authentication of the 3.(a) Both the principal of and interest on the Bonds be payable in such coin or currency of the United States of a as at the respective dates of payment thereof is legal for public and private debts. (b) Interest on the Bonds shall be payable by check or mailed by the registrar to the registered owners of such at their respective addresses as such addresses appear on of registry kept pursuant to the provisions of this Principal of and premium, if any, on the Bonds shall on presentation and surrender thereof at the principal of the registrar. (c) At all times during which any Bond of any series outstanding and unpaid, the registrar for such series or cause to be kept at its principal office books of for the registration, exchange and transfer of the ~on at the principal office of the for such purpose~ the registrar, under such reasonable tions as it may prescribe, shall register, exchange or or cause to be registered, exchanged or transferred, on of registry the Bonds as herein set forth. (d) The books of registry shall at all times be open ~ the ~it~'oF ~ny'duly'~thoriz~d (e) Any Bond may be exchanqed at the principal office of.t registrar for such series of Bonds for a like aggregate prl~ amount of such Bond~ ~n! other authorized principal amc= of the same series, interest rate and maturity. (f) Any Bond of a given series may, in accordance with its be transferred upon the books of registry by the pers in whose name it is registered, in person or by his duly auth zed agmnt, upon surrender of such Bond to the registrar for accompanied by a written instrument of transfer duly by the registered owner in person or his duly auth zed agent, in form satisfactory to the registrar. (g) All transfers or exchanges pursuant to this para shall be made without expense to the registered owner of except as otherwise herein provided, and except registrar shall require the payment by the registered Bond requesting such transfer or exchange of any tax or o~h~r governmental charges required to be paid with respect to such~t~ansferu or exchange. All Bonds surrendered pursuant to this,p~ragraph shall be cancelled. !| ~ H 4. The full faith and credit of the City shall be and hereby~s irrevocably pledged to the punctual payment of the principal of and interest on the Bonds as the same respectively ~beco~e~ue and payable. In each year while the Bonds, or any of ~hem~ a~e outstanding and unpaid, there shall be assessed, levied and ~0%~ected, at the same time and in the same manner as other taxe~ ih the city are assessed, levied and collected, an ad valorem. , , tax. .up°n all property sub4ect~ to taxation' by the City, without limitation es to rate or amount, sufficient to provide for the payment of the principal of and interest on the Bonds as the ~am~' respectively become due and payable. ! . CUSIP identification numbers may be printed on the Bonds, but no such number shall constitute or be deemed to be a part Io~]the contract evidenced by the particular Bond upon which it i~ p~inted and no liability shall attach to the City or any offiqe~or agent thereof (includin an paying agent for the Bond~) !~y reason of such numbers org an~ use made thereof (inc~ud.%ng any use thereof made by the City, any such officer or any~su~agent) or by reason of any inaccuracy, error or omission the~riinting of such numbers on the Bonds shall be paid by the lty in ludlng the CUSIP Service Bureau Charge for the assignment of s ch umbers. The city ~ovehants that it shall comply with the ~ode ~f[ 1986, and the Treasury Reg~/lations promulgated or Propo~e¢ to be promulgated thereunder, applicable to the Bonds, throu~h~ ut the term of the Bonds. '463