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Res85 10102
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Res85 10102
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Last modified
10/11/2019 1:42:07 PM
Creation date
10/11/2019 1:42:04 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
12/19/1985
Description
RESOLUTION NO. lOlUZ ORiGiNAL A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS SEAPORT CENTRE ASSESSMENT DISTRICT RESOLVED, by Redwood City (the California, that the City Council (the "Council") of the City "City"), in the County of San Mateo, State of of
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<br />the benefits of this Resolution, and every such certificate of the <br />Agent upon any such Bond shall be conclusive evidence that the Bond so <br />authenticated and registered has been duly issued hereunder and that <br />the registered owner is entitled to the benefits of this Resolution. <br /> <br />If any officer of the City whose signature appears on the Bonds <br />ceases to be such officer before the delivery of the Bonds, such <br />signature shall be as valid as if such officer had remained in office <br />until the delivery of the Bonds. <br /> <br />Section 7. Preparation of Bonds. The Treasurer is hereby <br />directed to cause bonds of a quality usually required by purchasers of <br />municipal bonds to be prepared in accordance with this Resolution and <br />the purchase contract for the the Bonds, and upon their completion to <br />deliver same to the Agent for safekeeping until ready for <br />authentication and delivery to the purchaser thereof. The Treasurer <br />shall also cause a suitable quantity of blank Bonds to be prepared <br />which the Agent shall hold in safekeeping until needed to effect <br />transfers, exchanges or replacement of lost, stolen or mutilated Bonds. <br /> <br />Until definitive Bonds shall be prepared, the City mav cause to <br />be executed and delivered in lieu of such definitive Bonds and subject <br />to the same provisions, limitations and conditions as are applicable in <br />the case of definitive Bonds, except that they may be in anv <br />denominations authorized by the Treasurer, one or more typed, printed, <br />lithographed or engraved temporary Bonds in fully registered form, as <br />may be authorized by the Treasurer, substantially of the same tenor, <br />with such insertions, omissions, substitutions and other variations as <br />the Treasurer may deem appropriate, and, until exchanged for definitive <br />Bonds, entitled and subject to the same benefits and provisions of this <br />Resolution as definitive Bonds. If the City issues one or more <br />temporary Bonds it will execute and furnish definitive Bonds without <br />unnecessary delay and thereupon the temporary Bonds shall be <br />surrendered in exchange for such definitive Bonds, without expense to <br />the Bondowner. All temporary Bonds so surrendered shall be canceled <br />and shall not be reissued. <br /> <br />If CUSIP identification numbers are assigned by the CUSIP <br />Service Bureau for printing on the Bonds, neither the failure to print <br />such number on any Bond nor any error with respect thereto shall <br />constitute cause for a failure or refusal by the initial purchaser of <br />the Bonds to accept delivery of and pay for the Bonds in accordance <br />with the terms of the contract for the purchase thereof. <br /> <br />Section 8. Records of Bonds. The City shall keep records at <br />the named office of the Agent showing at all times the number, date, <br />denomination, rate of interest and the amount of each interest payment <br />of the Bonds, including sufficient records for the registration and <br />transfer of the Bonds, showing the names, addresses and social security <br />or tax identification number~ of the holders of the outstanding Bonds <br />that have been authenticated and registered by the Agent. The Agent <br />shall, under such reasonable regulations as the City and Agent may <br /> <br />-3- <br />
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