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55A - RESO - GAS TAX BONDS
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11/05/2019
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55A - RESO - GAS TAX BONDS
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Last modified
10/30/2019 12:55:49 PM
Creation date
10/30/2019 11:40:51 AM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
11/5/2019
Destruction Year
2024
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SECTION 2.06 Exchange of Series 2019 Bonds. Series 2019 Bonds may be exchanged at <br />the Principal Corporate Trust Office of the Trustee for Series 2019 Bonds of the same tenor and <br />maturity and of other authorized denominations. The City shall pay all costs of the Trustee <br />incurred in connection with any such exchanges, except that the Trustee may require the <br />payment by the Bond Owner requesting such exchange of any tax or other governmental charge <br />required to be paid with respect to such exchange. <br />SECTION 2.07 Temporary Series 2019 Bonds. The Series 2019 Bonds may be issued <br />initially in temporary form exchangeable for definitive Series 2019 Bonds when ready for <br />delivery. The temporary Series 2019 Bonds may be printed, lithographed or typewritten, shall be <br />of such denominations as may be determined by the City and may contain such reference to any <br />of the provisions of this Indenture as may be appropriate. Every temporary Series 2019 Bond <br />shall be executed by the City and be registered and authenticated by the Trustee upon the same <br />conditions and in substantially the same manner as the definitive Series 2019 Bonds. If the City <br />issues temporary Series 2019 Bonds, it will execute and furnish definitive Series 2019 Bonds <br />without delay, and thereupon the temporary Series 2019 Bonds may be surrendered, for <br />cancellation, in exchange therefor at the Principal Corporate Trust Office of the Trustee, and the <br />Trustee shall authenticate and deliver in exchange for such temporary Series 2019 Bonds an <br />equal aggregate principal amount of definitive Series 2019 Bonds of authorized denominations. <br />Until so exchanged, the temporary Series 2019 Bonds shall be entitled to the same benefits under <br />this Indenture as definitive Series 2019 Bonds authenticated and delivered hereunder. <br />SECTION 2.08 Bond Registration Books. The Trustee will keep or cause to be kept at its <br />Principal Corporate Trust Office sufficient Bond Registration Books for the registration and <br />transfer of the Series 2019 Bonds, which shall at all times during regular business hours, and <br />upon reasonable notice, be open to inspection by the City; and, upon presentation for such <br />purpose, the Trustee shall, under such reasonable regulations as it may prescribe, register or <br />transfer or cause to be registered or transferred, on said books, Series 2019 Bonds as <br />hereinbefore provided. <br />SECTION 2.09 Series 2019 Bonds Mutilated, Lost, Destroyed or Stolen. If any Series <br />2019 Bond shall become mutilated, the City, at the expense of the Owner of said Series 2019 <br />Bond, shall execute, and the Trustee shall thereupon authenticate and deliver, a new Series 2019 <br />Bond of like maturity and principal amount in exchange and substitution for the Series 2019 <br />Bond so mutilated, but only upon surrender to the Trustee of the Series 2019 Bond so mutilated. <br />Every mutilated Series 2019 Bond so surrendered to the Trustee shall be cancelled by it and <br />delivered to, or upon the order of, the City. If any Series 2019 Bond issued hereunder shall be <br />lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the <br />Trustee and, if such evidence be satisfactory to it and indemnity satisfactory to it shall be given, <br />the City, at the expense of the Bond Owner, shall execute, and the Trustee shall thereupon <br />authenticate and deliver, a new Series 2019 Bond of like maturity and principal amount in lieu of <br />and in substitution for the Series 2019 Bond so lost, destroyed or stolen. The City may require <br />payment of a reasonable fee for each new Series 2019 Bond issued under this Section and of the <br />expenses which may be incurred by the City and the Trustee. Any Series 2019 Bond issued <br />under the provisions of this Section in lieu of any Series 2019 Bond alleged to be lost, destroyed <br />or stolen shall constitute an original contractual obligation on the part of the City whether or not <br />the Series 2019 Bond alleged to be lost, destroyed or stolen be at any time enforceable by <br />55394.00055\32329348.3 554-31 <br />
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