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Res85 9885
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Res85 9885
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Last modified
10/11/2019 1:42:59 PM
Creation date
10/11/2019 1:42:56 PM
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Template:
CC Index
CC Index - Document Type
Resolution
Date
5/20/1985
Description
8 8 5 -- A RESOLUTION DETERMINING UNPAID ASSESSMENTS AND PROVIDING FOR ISSUANCE OF BONDS SEAPORT BOULEVARD ASSESSMENT DISTRICT $4, 603, 992.99 SERIES A RESOLVED, by the City Council (the "Council") of the City of Redwood City (the "City"), in the County of San Mateo (the "County"), State of California, that
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<br />Section 7. Execution of Series A Bonds. The Series A Bonds <br />shall be executed on behalf of the City by the engraved, printed or <br />lithographed facsimile signatures of the Treasurer and City Clerk and a <br />facsimile of the corporate seal of the City shall be affixed to said <br />Bonds in like manner, provided that the signatures of said officers and <br />the seal of the City on any temporary Series A Bond may be manually <br />affixed thereto. <br /> <br />Only Series A Bonds authenticated and registered by the <br />endorsement thereon of a certificate substantially in the form set <br />forth in Exhibit "C" 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 such Bond shall be conclusive <br />evidence that the 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 A 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 A Bonds. <br /> <br />Section 8. preparation of Series A Bonds. The Treasurer is <br />hereby directed to cause bonds of quality usually required by <br />purchasers of municipal bonds to be prepared in accordance with this <br />Resolution and the contract for the purchase of the Series A Bonds, and <br />upon their completion to deliver same to the Agent for safekeeping <br />until ready for authentication and delivery to the purchaser thereof. <br />The Treasurer shall also cause a suitable quantity of blank Series A <br />Bonds to be prepared which the Agent shall hold in safekeeping until <br />needed to effect transfers and exchanges. <br /> <br />Until definitive Series A 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 A Bonds (except that they <br />may be in any denominations authorized by the Treasurer) one or more <br />typed, printed, lithographed or engraved temporary Series A 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 A Bonds, <br />entitled and subject to the same benefits and provisions of this <br />Resolution as definitive Series A Bonds. If the City issues one or <br />more temporary Series A Bonds it will execute and furnish definitive <br />Series A Bonds without unnecessary delay and thereupon the temporary <br />Series A Bonds shall be surrendered in exchange for such definitive <br />Bonds, without expense to the Bondholder. All temporary Series A Bonds <br />so surrendered shall be canceled and shall not be reissued. <br /> <br />-3- <br />
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