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Last modified
6/28/2024 11:15:54 AM
Creation date
10/5/2015 8:49:29 AM
Metadata
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Resolutions
Resolution Number
2009-118
Approved Date
07/21/2009
Agenda Item Number
12.G.1.
Resolution Type
Amendment & Supplement
Resolution No. 93-80
Entity Name
Water and Sewer Revenue Refunding Bonds 2009
Subject
County’s Water and Sewer Revenue Bonds, Series 1993A
Supplemental fields
SmeadsoftID
6808
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to be determined by the governing body of the County prior to or upon the sale of the <br />respective Series 2009 Bonds; such interest to be payable semiannually at such times as <br />are fixed by resolution of the County and shall mature annually on such date in such <br />years and amounts as will be fixed by resolution of the County prior to or upon the sale <br />of the Series 2009 Bonds; and may be Serial and/or Term Bonds. <br />Each Series 2009 Bond shall bear interest from the interest payment date next <br />preceding the date on which it is authenticated, unless authenticated on an interest <br />payment date, in which case it shall bear interest from such interest payment date, or, <br />unless authenticated prior to the first interest payment date, in which case it shall bear <br />interest from its dated date; provided, however, that if at the time of authentication <br />payment of any interest which is due and payable has not been made, such Series 2009 <br />Bond shall bear interest from the date to which interest shall have been paid. <br />The principal of and the interest and redemption premium, if any, on the Series <br />2009 Bonds shall be payable in any coin or currency of the United States of America <br />which on the respective dates of payment thereof is legal tender for the payment of <br />public and private debts. <br />Notwithstanding any other provisions of this section, the County may, at its <br />option, prior to the date of issuance of the Series 2009 Bonds, elect to use an <br />immobilization system or pure book -entry system with respect to issuance of the Series <br />2009 Bonds, provided adequate records will be kept with respect to the ownership of the <br />Series 2009 Bonds issued in book -entry form or the beneficial ownership of bonds issued <br />in the name of a nominee. As long as any Series 2009 Bonds are outstanding in book - <br />entry form the provisions of this Resolution inconsistent therewith shall not be <br />applicable to such Bonds. The details of any alternative system of issuance, as described <br />in this paragraph, shall be set forth in a resolution of the County duly adopted at or <br />prior to the sale of the Series 2009 Bonds. <br />SECTION 8. EXECUTION OF SERIES 2009 BONDS. The Series 2009 Bonds shall <br />be executed as provided in the Original Resolution. <br />In case any officer whose signature or a facsimile of whose signature shall appear <br />on any Series 2009 Bonds shall cease to be such officer before the delivery of the Series <br />2009 Bonds, such signature or such facsimile shall nevertheless be valid and sufficient <br />for all purposes the same as if he has remained in office until such delivery. Any Series <br />2009 Bond may bear the facsimile signature of or may be signed by such persons who, at <br />the actual time of the execution of the Series 2009 Bond, shall be the proper officers to <br />sign such Series 2009 Bonds although at the date of the Series 2009 Bond such persons <br />may not have been such officers. <br />5 <br />
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