My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
62-092
Clerk
>
Resolutions
>
CITY COUNCIL
>
1952 - 1999
>
1962
>
62-092
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:36:51 PM
Creation date
6/26/2003 10:27:32 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
62-92
Date
5/18/1962
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
22
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
of holding such meeting and the date or dates of publishing and mailing such notice shall be <br />determined by the city, in its discretion. <br /> <br /> The actual receipt by any bondholder of notice of any such meeting shall not be a <br />condition precedent to the holding of such meeting, and failure to receive such notice shall <br />not affect the validity of the proceedings thereat. A certificate by the Clerk, approved by <br />resolution of the City Council, that the meeting has been called and that notice thereof has <br />been given as herein provided shall be conclusive as against all parties and it shall not be <br />open to any bondholder to show that he failed to receive notice of such meeting. <br /> <br />(c) Voting Qualifications. Any bondholder may, prior to any such meeting~, deliver his <br />bond or bonds to any agency designated by the city for the purpose, and shall thereupon <br />be entitled to receive an appropriate receipt for the bond or bonds so deposited, calling for <br />the redelivery of such bond or bonds at any time after the meeting. The Clerk shall prepare <br />and deliver to the chairman of the meeting a list of the names and addresses of the registered <br />owners of bonds, with a statement of the maturities and serial numbers of the bonds held <br />and deposited by each of such bondholders, and no bondholder shall be entitled to vote at such <br />meeting unless his name appears upon such list or unless he shall present his bond or bonds <br />at the meeting or a certificate of deposit thereof, satisfactory to the city, executed by a bank <br />or trust company. No bondholder shall be permitted to vote with respect to a larger aggregate <br />principal amount of bonds than is set against his name on such list, unless he shall produce <br />the bonds upon which he desires to vote, or a certificate of deposit thereof as above provided. <br /> <br /> (d) Issuer-owned Bonds. The city covenants that it will present at the meeting a certifi- <br />cate, signed and verified by one member of the City Council and by the Director of Finance <br />stating the maturities and serial numbers of all bonds owned by, or held for account of, the <br />city, directly or indirectly. No person shall be permitted at the meeting to vote or consent <br />with respect to any bond appearing upon such certificate, or any bond which it shall be <br />established at or prior to the meeting is owned by the city, directly or indirectly, and no such <br />bond (in this resolution referred to as "issuer-owned bond") shall be counted in determining <br />whether a quorum is present at the meeting. <br /> <br /> (e) Quorum and Procedure. A representation of at least sixty-six per cent (66%) in <br />aggregate principal amount of the bonds then outstanding (exclusive of issuer-owned bonds) <br />shall be necessary to constitute a quorum at any meeting of bondholders, but less than a <br />quorum may adjourn the meeting from time to time, and the meeting may be held as so <br />adjourned without further notice, whether such adjournment shall have been had by a <br />quorum or by less than a quorum. The city shall, by an instrument in writing, appoint a <br />temporary chairman of the meeting, and the meeting shall be organized by the election of a <br />permanent chairman and a secretary. At any meeting each bondholder shall be entitled to <br />one vote for every $1,000 principal amount of bonds with respect to which he shall be entitled <br />to vote as aforesaid, and such vote may be given in person or by proxy duly appointed by <br />an instrument in writing presented at the meeting. The city, by its duly authorized repre- <br />sentative, may attend any meeting of the bondholders, but shall not be required to do so. <br /> <br /> (f) Vote Required. At any such meeting held as aforesaid there shall be submitted for <br />the consideration and action of the bondholders a statement of proposed action, consent to <br />which is desired, and if such action shall be consented to and approved by bondholders holding <br />at least sixty-six per cent (66%) in aggregate amount of the bonds then outstanding (exclusive <br />of issuer-owned bonds) the chairman and secretary of the meeting shall so certify in writing <br />to the city, and such certificate shall constitute complete evidence of consent of bondholders <br />under the provisions of this resolution. A certificate signed and verified by the chairman <br />and the secretary of any such meeting shall be conclusive evidence and the only competent <br /> <br />15 <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.