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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 City shall be liable for the Agent's reasonable charges, if <br />any, with respect to providing the list of Series B Bondholders and <br />related information referred to herein. <br /> <br />Section 14. Mutilated, Destroyed or Lost Series B Bonds. In <br />case any Series B Bond shall become mutilated or defaced in respect of <br />the body of such Bond so as to impair its value to the registered <br />holder, or shall be believed by the City and Agent to have been <br />destroyed or lost, upon clear and unequivocable proof of ownership <br />satisfactory to the City and Agent and upon the surrender at the named <br />office of the Agent of such mutilated or defaced Bond sufficiently <br />identifiable by number and description, or upon the receipt of evidence <br />satisfactory to the City and Agent of such destruction or loss, and <br />upon payment of all expenses incurred by the City and Agent in the <br />premises and after compliance with such other reasonable regulations as <br />the City and Agent may prescribe, and, in the case of a Series B Bond <br />claimed to have been destroyed or lost, upon receipt of indemnity <br />satisfactory to the City and Agent, and in the absence of notice to the <br />City or Agent that such Bond has been acquired by a bona fide <br />purchaser, the City shall execute and the Agent shall authenticate and <br />deliver at the named office of the Agent, a new Series B Bond of like <br />maturity and principal amount, bearing a number not contemporaneously <br />outstanding, in exchange and substitution for and upon cancellation of <br />the mutilated or defaced Series B Bond, or in lieu of and in <br />substitution for the Series B Bond so destroyed or lost. If any such <br />destroyed or lost Series B Bond has become or is about to become due <br />and payable, payment of the amount due thereon may in the discretion of <br />the City be made by the Agent upon receipt of like proof, indemnity and <br />payment of expenses without surrender of such Bond. <br /> <br />Any such replacement Series B Bond issued pursuant to this <br />section shall be entitled to equal and proportionate benefits with all <br />other Series B Bonds issued hereunder. The City and the Agent shall <br />not be required to treat both the original Series B Bond and any <br />replacement Series B Bond as being outstanding, but both the original <br />and replacement Bond shall be treated as one and the same. <br /> <br />Section 15. Certified Copies. The City Clerk shall provide a <br />certified copy of this Resolution to the Treasurer who shall take such <br />action as shall be necessary to assure compliance by the City with the <br />terms and conditions hereof. The City Clerk is further directed to <br />provide a certified copy of this resolution to the County Auditor- <br />Controller. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />-7- <br />
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