Res65 4809 - Laserfiche WebLink

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• • Section 5. The Mayor is hereby authorized and directed as such officer, to execute each of the bonds on behalf of the District, and the Clerk or one or more of his deputies is hereby authorized and directed to countersign each of the bonds and to affix the official seal of the City thereto. The Mayor is hereby author- ized to cause said bonds to be signed by his printed, lithographed or engraved facsimile signatures. The Clerk is hereby authorized and directed to sign each of the interest coupons by printed, lithographed or engraved facsimile signature. Such signing, counter- signing and sealing as herein provided shall be a sufficient and binding execution of the bonds and coupons by the District, and all such signatures and countersignatures, excepting that of the Clerk or his deputies on the bonds, may be printed, lithographed or engraved. In case any of the officers whose signatures or counter- signatures appear on the bonds or coupons shall cease to be such officer before the delivery of the bonds to the purchaser, such signature or countersignature shall nevertheless be valid and sufficient for all purposes the same as though they had remained in office until the delivery of the bonds. The seal of the City may be printed, engraved, stamped or otherwise placed in facsimile on the bonds. Section 6. The Council will keep at the office of the Treasurer at all times when any of the bonds shall be outstanding and un- paid, books for the registration and transfer of the bonds. The owner of any bond may present the bond at such office to the Treasurer and request the registration of such bond as to prin- cipal and interest. The Treasurer shall cut off and cancel the coupons attached to such bond and shall cause to be endorsed upon the back of such bond so presented a statement to the effect that the bond is registered in the name of the owner and that thereafter the principal of and interest on the bond are payable -10-