Res85 9885 - Laserfiche WebLink

Browse Search

If Cusip identification numbers are assigned by the Cusip Service Bureau for printing on the Series A Bonds, neither the failure to print such number on any such Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the initial purchaser thereof to accept delivery and pay for the Series A Bonds in accordance with the terms of the contract for the purchase thereof. Section 9. Records of Series A Bonds. The City shall keep records at the named office of the Agent showing at all times the number, date, denomination, maturity date, rate of interest and the amount of each interest payment of the Series A Bonds, including sufficient books for the registration and transfer of the Series A Bonds, showing the names, addresses and social security or tax identification numbers of the holders of the outstanding Series A Bonds that have been authenticated and registered by the Agent. The Agent shall, under such reasonable regulations as the City and Agent may prescribe, authenticate and register or transfer or cause to be authenticated and registered or transferred, on said books, the Series A Bonds as herein provided. The Bonds shall be registered only in the name of an individual (including joint owners), a corporation, a partnership or trust. The Agent shall cancel on the registry books for the Series A Bonds each such Bond paid or surrendered for transfer and exchange. The information contained in the registry books for the Bonds with regard to the ownership of or security interests in the Bonds shall not be subject to inspection or copying by the public as provided in Section 5060(a) of Chapter 1.5 of Division 6 of Title 1 of the Government Code of the State of California, provided that the registry books shall be open for inspection by the City at all times. Section 10. Delivery of the Series A Bonds. Upon the execution, authentication and registration of the Series A Bonds, and upon compliance with the terms of the contract for the purchase of said Bonds, the Treasurer shall deliver the Series A Bonds to the purchaser thereof upon receipt of the purchase price therefor. The City Clerk and Treasurer are authorized and directed to execute and deliver to the purchaser of the Series A Bonds a signature certificate in form customarily required by purchasers of municipal bonds. The City Attorney is authorized to execute and deliver to the purchaser of the Series A Bonds a nO-litigation certificate in form customarily required by purchasers of municipal bonds. The Treasurer is further authorized and directed to execute and deliver to the purchaser of the Series A Bonds a receipt in form customarily required by purchasers of municipal bonds, evidencing the payment of the purchase price therefor. -4-