Resolution 3650 - Laserfiche WebLink

Home Browse Search

, - . • respect to such Bond shall be�rnade and given, respectively, to DTC as provided in the Representation Letter. ' (e) The execution and delivery of the Representation Letter to DTC by the � Mayor or the City Clerk, in the form presented, with such changes, omissions, insertions and , revisions as the officer executing the same shall deem advisable, is hereby authorized and execution of the Representation Letter by the Mayor or the Clerk shall be conclusive evidence of such approval. The Representation Letter(or the Operational Arrangements referenced therein) shall set forth certain matters with respect to, among other things, notices, consents and approvals by registered owners of the Bonds and Beneficial Owners and payments on the Bonds. The Registrar shall have the same rights with respect to its actions thereunder as it has with respect to its actions under this Resolution. (fl In the event that any transfer or exchange of Bonds is permitted under subparagraph (b) or(c) hereof, such transfer or exchange shall be accomplished upon receipt by the Registrar from the registered owners thereof of the Bonds to be transferred or exchanged and appropriate instruments of transfer to the permitted transferee in accordance with the provisions of paragraph 8 hereof. 8. As long as any of the Bonds issued hereunder shall remain outstanding, the City shall maintain and keep at the office of the Bond Registrar an office or agency for the payment iof the principal of and interest on such Bonds, as in this Resolution provided, and for the registration and transfer of such Bonds, and shall also keep at said office of the Bond Registrar books for such registration and transfer. Upon surrender for transfer of any Bond at the office of the Bond Registrar with a written instrument of transfer satisfactory to the Bond Re?istrar, duly executed by the registered owner or the owner's duly authorized attorney, and upon payment of any tax, fee or other governmental charge required to be paid ��ith respect to such transfer, the City shall execute and the Bond Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more fully registered Bonds of the same series, of any authorized denominations and of a like aggregate principal amount, interest rate and maturity. The Bonds, upon surrender thereof at the office of the Bond Re�istrar, may, at the option of the registered owner thereof, be exchanged for an equal a�gregate principal amount of Bonds of the same maturity and interest rate of any authorized denominations. In all cases in which the privilege of exchanging Bonds or transferring fully registered Bonds is � exercised, the City shall execute and the Bond Registrar sha11 deliver Bonds in accordance with the provisions of this Resolution. For every such exchange or transfer of Bonds, whether temporary or definitive, the City or the Bond Registrar may make a charge sufficient to � reimburse it for any tax, fee or other governmental charge required to be paid with respect to such exchange or transfer, which sum or sums shall be paid by the person requestinj such exchange or transfer as a condition precedent to the exercise of the privilege of makin� such � exchange or transfer. Notwithstanding any other provision of this Resolution, the cost of � � -10-