Ordinance 2607-02 - Laserfiche WebLink

Section 16. Lost, Stolen or Destroyed Bonds. In case any Bond or Bonds shall be lost, stolen or destroyed, the Bond Registrar may execute and deliver a new Bond or Bonds of like date, number and tenor to the Registered Owner thereof upon the Registered Owner's paying the expenses and charges of the City in connection therewith and upon his/her filing with the City evidence satisfactory to the City that such Bond was actually lost, stolen or destroyed and of his/her ownership thereof, and upon furnishing the City with indemnity satisfactory to the City. Section 17. Sale of Bonds. The Bonds shall be sold by negotiated sale to the Underwriter, under the terms and conditions thereof as provided in its purchase contract and in this ordinance. The Finance Director is hereby authorized and directed to execute the purchase contract. The City's Finance Director is hereby authorized to review and approve on behalf of the City the preliminary and final Official Statements relative to the Bonds with such additions and changes as may be deemed necessary or advisable to her. The Preliminary Official Statement for the Bonds, dated May 15, 2002, is hereby deemed final for purposes of the Rule. The proper City officials are hereby authorized and directed to do everything necessary for the prompt execution and delivery of the Bonds to the Underwriter and for the proper application and use of the proceeds of sale thereof. The City's Finance Director is hereby further authorized to negotiate the terms of Qualified Insurance in the form of a surety bond for the purpose of satisfying the Reserve Account Requirement and the Common Reserve Requirement and to execute such further documents and certificates as shall be necessary in connection therewith, as described in Section 19 of this ordinance. -41- P 1CMW\CMW5BE 02/05/21