No. 1422 authorizing the issuance and sale of special taxing district refunding bonds of the SB redevelopment district for the purpose of advance refunding the COSB redevelopment district bonds of 1990

Home Browse Search

constitutes and appoints attorney to transfer the within Bond on the books kept for the registration thereof with full power of substitution in the premises. E Dated: NOTICE: The signature to this assignment must correspond with the name as it appears on the face of the within Bond in every particular, without alteration or enlargement or any change whatsoever. Signature Guarantee: NOTICE: Signature(s) must be guaranteed by an eligible guarantor institution parti- cipating in a Securities Transfer Association recognized signature guarantee program. (End of Bond Form) SECTION 4. As soon as can be done after the adoption of this Resolution, the President and the Secretary of the Commission are hereby directed to deliver on behalf mow'' of the Commission a certified copy of this Resolution to the Controller. Ll SEC'T'ION 5. The Controller is hereby authorized and directed to have the Bonds prepared, and the Mayor and the Controller are each hereby authorized and directed to execute or to cause the execution of the Bonds in the form and manner herein provided. The Controller is hereby authorized and directed to deliver the Bonds to the purchaser or purchasers thereof upon compliance with the requirements established hereunder and under the Act and the provisions of I.C. 5 -1 -5 for the sale thereof, and to collect the full amount which the purchaser or the respective purchasers have agreed to pay therefor., which shall be not less than the par or percentage of par amount of the Bonds required to be paid pursuant thereto, plus accrued interest thereon to the date of delivery. The proceeds derived from the sale of the Bonds shall be and are hereby set aside for the application to the costs of the advance refunding of the Prior Bonds, together with the expenses necessarily incurred in connection therewith including the expenses incurred in the issuance of the Bonds. The authorized officers of the City are hereby authorized and directed to draw all ptoper and necessary warrants and to do whatever other acts and things that may be necessary or appropriate to carry out the provisions of this Resolution. The Bonds shall be sold at a negotiated, private sale upon terms acceptable to the Mayor and the Controller. In no event shall the Bonds be sold at a purchase price of less than ninety -nine and one - quarter percent (99.25 %) of the par value of the Bonds, -14-