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Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.
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Authorizing the Issuance of Revenue Bonds re: improvements to the Waterworks, not to exceed Twenty-Two Million Five hundred thousand dollars (22,500,000); including the issuance of notes in anticipation of Bonds.
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Last modified
9/24/2009 2:28:11 PM
Creation date
7/27/2009 3:45:48 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/23/1997
Ord-Res Number
8801-97
Bill Number
52-97
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During any time that the 1997 Bonds are held in book-entry form on the books of <br />a Clearing Agency, the Registrar shall be entitled to request and rely upon a certificate or other <br />written representation from the Clearing Agency or any participant or indirect participant with <br />respect to the identity of any beneficial owner of the 1997 Bonds as of a record date selected by <br />the Registrar. For purposes of determining whether the consent, advice, direction or demand of <br />a registered owner of a 1997 Bond has been obtained, the Registrar shall be entitled to treat the <br />beneficial owners of the 1997 Bonds as the bondholders and any consent, request, direction, <br />approval, objection or other instrument of such beneficial owner may be obtained in the fashion <br />described in this Ordinance. <br />During any time that the 1997 Bonds are held in hook-entry form on the books of <br />a Clearing Agency, the Executive, the Fiscal Officer and/or the Registrar are authorized to <br />execute and deliver a Letter of Representations agreement with the Clearing Agency, or a Blanket <br />Issuer Letter of Representations, and the provisions of any such Letter of Representations or any <br />successor agreement shall control on the matters set forth therein. The Registrar, by accepting <br />the duties of Registrar under this Ordinance, agrees that it will (i) undertake the duties of agent <br />required thereby and that those duties to be undertaken by either the agent or the issuer shall be <br />the responsibility of the Registrar, and (ii) comply with all requirements of the Clearing Agency, <br />including without limitation same day funds settlement payment procedures. Further, during any <br />time that the 1997 Bonds are held in book-entry form, the provisions of Section 8 of this <br />Ordinance shall control over conflicting provisions in any other section of this Ordinance. <br />SECTION 9. Farm rtf 1997 Roads. The form and tenor of the 1997 Bonds shall <br />be substantially as follows, all blanks to be filled in properly and all necessary additions and <br />deletions to be made prior to delivery: <br />-8- <br />
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