Laserfiche WebLink
8. Execution; Temporary Bonds. The Bonds shall be printed (or, at the <br />request of the Purchaser, typewritten) shall be executed on behalf of the City by the signatures of <br />its Mayor and Clerk and be sealed with the seal of the City; provided, however, that the seal of <br />the City may be a printed (or, at the request of the Purchaser, photocopied) facsimile; and <br />provided further that both of such signatures may be printed (or, at the request of the Purchaser, <br />photocopied) facsimiles and the corporate seal may be omitted on the Bonds as permitted by law. <br />In the event of disability or resignation or other absence of either such officer, the Bonds may be <br />signed by the manual or facsimile signature of that officer who may act on behalf of such absent <br />or disabled officer. In case either such officer whose signature or facsimile of whose signature <br />shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, such <br />signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if he <br />or she had remained in office until delivery. The City may elect to deliver, in lieu of printed <br />definitive bonds, one or more typewritten temporary bonds in substantially the form set forth <br />above, with such changes as may be necessary to reflect more than one maturity in a single <br />temporary bond. The temporary bonds may be executed with photocopied facsimile signatures <br />of the Mayor and Clerk. Such temporary bonds shall, upon the printing of the definitive bonds <br />and the execution thereof, be exchanged therefor and canceled. <br />9. Authentication. No Bond shall be valid or obligatory for any purpose or <br />be entitled to any security or benefit under this resolution unless a Certificate of Authentication <br />on such Bond, substantially in the form hereinabove set forth, shall have been duly executed by <br />an authorized representative of the Bond Registrar. Certificates of Authentication on different <br />Bonds need not be signed by the same person. The Bond Registrar shall authenticate the <br />signatures of officers of the City on each Bond by execution of the Certificate of Authentication <br />on the Bond and by inserting as the date of registration in the space provided the date on which <br />the Bond is authenticated, except that for purposes of delivering the original Bonds to the <br />Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue, <br />which date is November 15, 2007_ The Certificate of Authentication so executed on each Bond <br />shall be conclusive evidence that it has been authenticated and delivered under this resolution_ <br />10. Registration; Transfer; Exchange. The City will cause to be kept at the <br />principal office of the Bond Registrar a bond register in which, subject to such reasonable <br />regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the <br />registration of Bonds and the registration of transfers of Bonds entitled to be registered or <br />transferred as herein provided. <br />Upon surrender for transfer of any Bond at the principal office of the Bond <br />Registrar, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert <br />the date of registration (as provided in paragraph 9 with respect to authentication) of, and deliver, <br />in the name of the designated transferee or transferees, one or more new Bonds of any authorized <br />denomination or denominations of a like aggregate principal amount, having the same stated <br />maturity and interest rate, as requested by the transferor; provided, however, that no Bond may <br />be registered in blank or in the name of "bearer" or similar designation. <br />At the option of the Holder, Bonds may be exchanged for Bonds of any <br />authorized denomination or denominations of a like aggregate principal amount and stated <br />maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond <br />2osbza~~ i 14 <br />