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Ordinance 2557-01
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Ordinance 2557-01
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4/9/2014 2:30:47 PM
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4/9/2014 2:30:42 PM
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Ordinances
Ordinance Number
2557-01
Date
11/28/2001
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After the Fixed Rate Conversion Date, there shall be no Remarketing Agent for the <br /> Bonds, and as to such Bonds all references herein to the Remarketing Agent shall thereafter be of <br /> no effect. <br /> Section 6.02. Additional Duties of Registrar. The Registrar shall perform the duties <br /> specified hereunder consistent with the terms of the Fiscal Agency Agreement and this <br /> ordinance. <br /> Section 6.03. Successor Remarketing Agent by Merger. If the Remarketing Agent(or <br /> any co-Remarketing Agent) consolidates with, merges or converts into, or transfers all or <br /> substantially all of its assets to, another corporation, the resulting, surviving or transferee <br /> corporation without any further act shall be the successor Remarketing Agent (or co-Remarketing <br /> Agent). <br /> Section 6.04. Sale of Bonds. The Bonds shall be sold by negotiated sale to Banc of <br /> America Securities LLC (the "Underwriter"), under the terms and conditions thereof as provided <br /> in the Bond Purchase Contract and in this ordinance. The Finance Director-Treasurer is hereby <br /> authorized to negotiate and execute a Bond Purchase Contract on terms consistent with this <br /> ordinance and substantially in the form presented to this Council with only such changes she <br /> deems reasonable. The Finance Director-Treasurer is hereby authorized and directed to do <br /> everything necessary for the prompt execution and delivery of the Bonds to the Underwriter and <br /> for the proper application and use of the proceeds of sale thereof The Bonds will be printed at <br /> City expense and will be delivered to the Underwriter in accordance with the Bond Purchase <br /> Contract. <br /> -46- P.\CMW\CMW4ZL 11/20/01 <br />
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