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1984-048
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1984-048
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Last modified
4/20/2023 3:13:48 PM
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Resolutions
Resolution Number
1984-048
Approved Date
07/11/1984
Subject
Authorizing the issuance of improvements bonds not to exceed $2,500,00 to finance the cost
of the SR-60 waterline and Resolution was adopted with the changes as voted on
and carried 4-0
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principal amount of Bonds issued hereunder. <br />The Bonds shall be issued in fully registered form <br />without coupons; shall be payable with respect to principal at <br />the office of the Bond Registrar as paying agent, or such other <br />paying agent as may be hereafter duly appointed; shall be payable <br />in lawful money of the United States of America; and shall bear <br />interest from their date, payable by mail to the Registered <br />Owners at their addresses as they appear on the registration <br />books. <br />Notwithstanding any other provisions of this section, <br />the Board may, subject to the approval of the purchasers of the <br />Bonds prior to their delivery, elect to use an immobilization <br />system or pure book -entry system with respact to issuance of the <br />Bonds, provided adequate records will be kept with respect to the <br />ownership of Bonds issued in book -entry form or the beneficial <br />ownership of Bonds issued in the name of a nominee. As lona ai <br />any Bonds are outstanding in book -entry form, the provisions of <br />Sections 6, 9, 10 and 12 of this resolution shall not be appli- <br />cable to such book -entry Bonds. The details of any alternative <br />system of Bond issuance, as described in this paragraph, shall be <br />set forth in a resolution of the Board duly adopted at or prior <br />to the delivery of any of the Bonds. <br />SECTION 6. EXECUTION AND AUTHENTICATION OF BONDS. The <br />Bonds shall be executed in the name of the County by the Chairman <br />of the Board and attested and countersigned by its Clerk, and <br />the corporate seal of the Board or a facsimile thereof shall be <br />affixed thereto or reproduced thereon. The facsimile signatures <br />of the Chairman and Clerk of the Board may be imprinted cr repro- <br />duced on the Bonds. The certificate of authentication of the <br />Bond Registrar shall appear on the Bonds, and no Bond shall be <br />valid or obligatory for any purpose or be entitled to any <br />security or benefit under this resolution unless such certificate <br />shall have been duly executed on such Bond. The authorized <br />signature for the Bond Registrar shall be either manual or in <br />-5- <br />
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