Laserfiche WebLink
Section 3. APPOINTMENT OF PAYING AGENT, REGISTRAR AND <br />TRANSFER AGENT. The City Council hereby appoints Bank of <br />America National Trust and Savings Association as paying agent, <br />registrar and transfer agent for the bonds in accordance with an <br />agreement between the City and Bank heretofore approved by the <br />City Council. <br /> <br /> Section 4. FORM AND EXECUTION. Bonds shall be issued <br />as fully registered bonds substantially in the form set forth as <br />Exhibit B to this resolution. The bonds shall be signed by the <br />Mayor, Treasurer and the Clerk and the seal of the City shall be <br />affixed. All signatures and seal may be reproduced on the bonds <br />by facsimile, but upon its registration or reregistration each <br />bond shall be authenticated by the manual signature of the <br />registrar. <br /> <br /> The paying agent shall assign to each bond <br />authenticated and registered by it a distinctive letter, or <br />number, or letter and number, and shall maintain a record <br />thereof which shall be available to the City for inspection. <br /> <br /> Section 5. ESTABLISHMENT OF SPECIAL FUNDS. For <br />administering the proceeds of the sale of bonds and payment of <br />interest and principal on the bonds, there are hereby <br />established three funds to be known as the refunding escrow <br />fund, the redemption fund and the special reserve fund, <br />respectively, for Stoneridge Business Center Refunding District <br />No. 1983-6. <br /> <br /> Section 5.1. REFUNDING FUND. Except as provided in <br /> <br /> 2 <br /> <br /> <br />