Ordinance 1924-93 - Laserfiche WebLink

• • The Bonds shall bear interest at such rate or rates as are established by subsequent resolution of the Council adopted upon the sale of the Bonds as provided herein. SECTION 4 . Registration of Bonds . The City hereby specifies and adopts the system of registration for the Bonds approved by the State Finance Committee, and the fiscal agencies of the State of Washington in the cities of Seattle, Washington, and New York, New York, shall act as authenticating trustee, transfer agent, paying agent and registrar for the Bonds (collectively, the "Bond Registrar" ) . The Bond Registrar shall keep, or cause to be kept, at its principal corporate trust office, sufficient records for the registration and transfer of the Bonds which shall at all times be open to inspection by the City. The Bond Registrar is authorized, on behalf of the City, to authenticate and deliver Bonds transferred or exchanged in accordance with the provisions of such Bonds and this ordinance and to carry out all of the Bond Registrar' s powers and duties under this registration. The Bond Registrar shall be responsible for its representations contained in the Certificate of Authentication on the Bonds . The Bond Registrar may become the owner of any Bonds with the same rights it would have if it were not the Bond Registrar, and to the extent permitted by law, may act as depository for and permit any of its officers or directors to act as a member of, or in any other capacity with respect to, any committee formed to protect the rights of Bond owners . -8- FWWOOH.DOC 93/01/08