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07-27-09 Common Council Meeting Agenda & Packet
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07-27-09 Common Council Meeting Agenda & Packet
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9/10/2009 2:52:27 PM
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7/23/2009 1:06:53 PM
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City Council - City Clerk
City Council - Document Type
Agendas
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the Registrar duly executed by the registered owner or his or her attorney duly authorized in <br />writing, and thereupon a new fully registered Bond or Bonds in the same aggregate principal <br />amount and of the same maturity shall be executed and delivered in the name of the transferee or <br />transferees or the registered owner, as the case maybe, in exchange therefor. Each Bond may be <br />transferred or exchanged without cost to the registered owner, except for any tax or other <br />governmental charge which may be required to be paid with respect to such transfer or exchange. <br />The Registrar shall not be obligated to make any transfer or exchange of any Bond (i) during the <br />fifteen (15) days immediately preceding an Interest Payment Date or (ii) after the mailing of <br />notice calling such Bond for redemption. The City, the Registrar and the Paying Agent may treat <br />and consider the person in whose name any Bond is registered as the absolute owner thereof for <br />all purposes including the purpose of receiving payment of, or on account of, the principal <br />thereof, and redemption premium, if any, and interest thereon. <br />In the event any Bond is mutilated, lost, stolen or destroyed, the City may cause to <br />be executed and the Registrar may authenticate a new Bond of like date, maturity, series and <br />denomination as the mutilated, lost, stolen or destroyed Bond, which new Bond shall be marked <br />in a manner to distinguish it from the Bond for which it was issued; provided, that in the case of <br />any mutilated Bond, such mutilated Bond shall first be surrendered to the Registrar, and in the <br />case of any lost, stolen or destroyed Bond there shall be first furnished to the Registrar evidence <br />of such loss, theft or destruction satisfactory to the City and the Registrar, together with <br />indemnity satisfactory to them. In the event that any such mutilated, lost, stolen or destroyed <br />Bond shall have matured or been called for redemption, instead of causing to be issued a <br />duplicate Bond, the Registrar and Paying Agent may pay the same upon surrender of the <br />mutilated Bond or upon satisfactory indemnity and proof of loss, theft or destruction in the case <br />-12- <br />BDDBO 15738468v1 <br />
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