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Res13 15263
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Res13 15263
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Last modified
10/11/2019 7:49:21 AM
Creation date
10/11/2019 7:49:02 AM
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Public Finance Authority
Date
5/20/2013
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AUTHORIZING PROCEEDINGS AND AGREEMENTS RELATING TO THE REFINANCING AND FINANCING OF CERTAIN WATER FACILITIES, APPROVING ISSUANCE AND SALE OF BONDS BY THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, APPROVING AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTIONS
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Section 2.10. Evidence of Si�natures of Bond Owners and Ownership of Bonds. Any <br /> request, direction, consent, revocation of consent, or other instrument in writing required or <br /> permitted by the Indenture to be signed or executed by Bond Owners may be in any number of <br /> concurrent instruments of similar tenor, and may be signed or executed by such Bond Owners in <br /> person or by their attorneys or agents appointed by an instrument in writing for that purpose. <br /> Proof of the execution of any such instrument, or of any instrument appointing any such attorney <br /> or agent, and of the holding and ownership of Bonds shall be sufficient for any purpose hereof <br /> (except as otherwise herein provided), if made in the Form of the Assignment attached to the <br /> Bond in Appendix A hereto. <br /> Nothing contained in this Article shall be construed as limiting the Trustee to such proof, <br /> it being intended that the Trustee may accept any other evidence of the matters herein stated <br /> which to the Trustee may seem sufficient. Any request or consent of the Owner of any Bond <br /> shall bind every future Owner of the same Bond in respect of anything done or suffered to be <br /> done by the Authority or the Trustee in pursuance of such request or consent. <br /> Section 2.11. Book Entrv Svstem. <br /> . (a) Ori�inal Delivery. The Bonds shall be initially delivered in the form of a <br /> separate single fully registered Bond (which may be typewritten) for each maturity. Upon initial <br /> delivery, the ownership of each such Bond shall be registered on the Bond Register kept by the <br /> Trustee in the name of the Nominee. Except as provided in subsection (c), the ownership of all <br /> of the Outstanding Bonds shall be registered in the name of the Nominee. <br /> With respect to Bonds the ownership of which shall be registered in the name of the <br /> Nominee, the Authority and the Trustee shall have no responsibiliry or obligation to any <br /> Depository System Participant or to any person on behalf of which the Authority holds an interest <br /> in the Bonds. Without limiting the generality of the immediately preceding sentence, the <br /> � Authority and the Trustee shall have no responsibility or obligation with respect to (i) the <br /> accuracy of the records of the Depository, the Nominee or any Depository System Participant <br /> with respect to any ownership interest in the Bonds, (ii) the delivery to any Depository.System <br /> Participant or any other person, other than a Bond Owner as shown in the Bond Register, or any <br /> notice with respect to the Bonds, including any notice of redemption; (iii) the selection by the <br /> Depository of the beneficial interests in the Bonds to be redeemed in the event�the Authority <br /> elects to redeem the Bond in part, (iv) the payment to any Depository Syste�n Participant or any <br /> other person, other than a Bond Owner as shown in the Bond Register, of any amount with <br /> respect to principal, premium, if any, or interest on the Bonds, or(v) any consent given or other <br /> action taken by the Depository as Owner of the Bonds. The Authority and the Trustee may treat <br /> and consider the person in whose name each Bond is registered as the absolute owner of such <br /> Bonds for the purpose of payment of principal of, premium, if any, and interest on such Bonds <br /> for the purpose of giving notices of redemption and other matters with respect to such Bonds, for <br /> the purpose of registering transfers of ownership of such Bonds, and for all other purposes <br /> whatsoever. The Trustee shall pay the principal of and the interest and premium, if any, on the <br /> Bonds only to the respective Owners or their respective attorneys duly authorized in writing, and <br /> all such,payments shall be valid and effective to fully satisfy and discharge all obligations with <br /> respect to payment of principal of and interest and premium, if any, on the Bonds to the extent of <br /> -15- <br /> 338471 1.DOC <br />
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