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Res85 10070
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Res85 10070
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Last modified
10/11/2019 1:41:50 PM
Creation date
10/11/2019 1:41:48 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
11/18/1985
Description
10070 RESOLUTION NO. A RESOLUTION PROVIDING FOR ISSUANCE OF BONDS SEAPORT BOULEVARD ASSESSMENT DISTRICT $1, 608, l93.65 SERIES B RESOLVED, by the City Council (the "Council") of the City of Redwood City (the "City"), in the County of San Mateo, California, that
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<br />the corporate seal of the City shall be affixed to the Series B <br />Bonds in like manner, provided that the signatures of said officers and <br />the seal of the City on any temporary Series B Bond may be manually <br />affixed thereto. <br /> <br />Only Series B Bonds authenticated and registered by the <br />endorsement thereon of a certificate substantially in the form set <br />forth in Exhibit "B" hereof and executed by an authorized officer of <br />the Agent shall be valid and become obligatory for any purpose under <br />and be entitled to the benefits of this Resolution, and every such <br />certificate of the Agent upon any Series B Bond shall be conclusive <br />evidence that such Bond so authenticated and registered has been duly <br />issued hereunder and that the registered holder is entitled to the <br />benefits of this Resolution. <br /> <br />If any officer whose signature appears on the Series B Bonds <br />ceases to be such officer before the delivery of said Bonds, such <br />signature shall be as valid as if such officer had remained in office <br />until the delivery of the Series B Bonds. <br /> <br />Section 7. preparation of Series B Bonds. The Treasurer is <br />hereby directed to cause bonds of a quality usually required by <br />purchasers of municipal bonds to be prepared in accordance with this <br />Resolution and the purchase contract for the Series B Bonds, and upon <br />their completion to deliver same to the Agent for safekeeping until <br />ready for execution and delivery to the purchaser thereof. The <br />Treasurer shall also cause a suitable quantity of blank Series B Bonds <br />to be prepared which the Agent shall hold in safekeeping until needed <br />to effect transfers and exchanges. <br /> <br />Until definitive Series B Bonds shall be prepared, the City may <br />cause to be executed and delivered in lieu of such definitive Bonds and <br />subject to the same provisions, limitations and conditions as are <br />applicable in the case of definitive Series B Bonds (except that they <br />may be in any denominations authorized by the Treasurer) one or more <br />temporary typed, printed, lithographed or engraved Series B Bonds in <br />fully registered form, as may be authorized by the Treasurer, <br />substantially of the same tenor, with such insertions, omissions, <br />substitutions and other variations as the Treasurer may deem <br />appropriate, and, until exchanged for definitive Series B Bonds, <br />entitled and subject to the same benefits and provisions of this <br />Resolution as definitive Series B Bonds. If the City issues one or <br />more temporary Series B Bonds it will execute and furnish definitive <br />Series B Bonds without unnecessary delay and thereupon the temporary <br />Series B Bonds shall be surrendered in exchange for such definitive <br />Bonds, without expense to the holder thereof. All temporary Series B <br />Bonds so surrendered shall be canceled and shall not be reissued. <br /> <br />If Cusip identification numbers are assigned by the Cusip <br />Service Bureau for printing on the Series B Bonds, neither the failure <br /> <br />-3- <br />
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