Ordinance 980-83 - Laserfiche WebLink

• c . Denominations . Except as may be provided other- wise by the ordinance authorizing their issuance, registered bonds or obligations may be issued and reissued in any denomi- nation up to the outstanding principal amount of the bonds or obligations of which they are a part . Such denominations may represent all or a part of a maturity or several maturities and on reissuance may be in smaller amounts than the individual denominations for which they are reissued . d . Appointment of Registrar . Unless otherwise provided in the ordinance authorizing the issuance of registered bonds or obligations, the City Treasurer shall be the registrar for all registered interest-bearing warrants, installment con- tracts , interest-bearing leases and other registered bonds or obligations not usually subject to trading and the fiscal agency shall be the registrar for all other City bonds and obligations . e . Duties of Registrar . The registrar shall serve as the City' s authenticating trustee, transfer agent, registrar and paying agent for all registered bonds and obligations for which he, she, or it serves as registrar and shall comply fully with all applicable federal and state laws and regulations respecting the carrying out of those duties . The rights, duties, responsibilities and compensation of the registrar shall be prescribed in each ordinance authoriz- ing the issuance of the bonds or obligations , which rights, duties , responsibilities and compensation shall be embodied in a contract executed by the City Treasurer and the registrar . In instances when the fiscal agency serves as regis- trar, the City adopts by reference the contract between the State Finance Committee of the State of Washington and the fiscal agency in lieu of executing a separate contract and prescribing by ordinance the rights , duties, obligations and - 3 -