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Ordinance 2134-96
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Ordinance 2134-96
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3/21/2017 10:36:51 AM
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Ordinances
Ordinance Number
2134-96
Date
3/13/1996
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DATED: , 19 <br /> NOTE: The signature on this Assignment must <br /> correspond with the name of the Registered Owner <br /> as it appears upon the face of the within bond in <br /> every particular, without alteration or enlargement <br /> or any change whatever. <br /> Section 6. Execution of Bonds. The Bonds shall be executed on behalf of the City <br /> with the manual or facsimile signature of the Mayor of the City and attested by the manual or <br /> facsimile signature of the City Clerk, and the seal of the City shall be impressed or imprinted on <br /> each of the Bonds. <br /> In case either or both of the officers who shall have executed the Bonds shall cease to be <br /> an officer or officers of the City before the Bonds so signed shall have been authenticated or <br /> delivered by the Bond Registrar, or issued by the City, such Bonds may nevertheless be <br /> authenticated, delivered and issued, and upon such authentication, delivery and issuance, shall be <br /> as binding upon the City as though those who signed the same had continued to be such officers <br /> of the City. Any Bond also may be signed and attested on behalf of the City by such persons as at <br /> the actual date of execution of such Bond shall be the proper officers of the City although at the <br /> original date of such Bond any such person shall not have been such officer of the City. <br /> Only such Bonds as shall bear thereon a Certificate of Authentication in the form <br /> hereinbefore recited, manually executed by the Bond Registrar, shall be valid or obligatory for any <br /> purpose or entitled to the benefits of this ordinance. Such Certificate of Authentication shall be <br /> conclusive evidence that the Bonds so authenticated have been duly executed, authenticated and <br /> delivered hereunder and are entitled to the benefits of this ordinance. <br /> Section 7. Mutilated, Lost, or Destroyed Bonds. If any Bond shall become mutilated, <br /> the Bond Registrar shall authenticate and deliver a new Bond of like amount, date, interest rate <br /> and tenor in exchange and substitution for the Bond so mutilated, upon the Registered Owner's <br /> paying the expenses and charges of the City and the Bond Registrar in connection therewith and <br /> -9- DOTOF7.DOC 96/03/12 <br />
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