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 in the form set forth as Exhibit B to <br />this resolution. The bonds shall be signed by the City <br />Treasurer and the City Clerk and the seal of the City shall be <br />affixed. Both signatures and seal may be reproduced on the <br />bonds by facsimile, but upon its registration or reregistration <br />each bond shall be authenticated by the manual signature of the <br />registrar. <br /> <br /> The paying agent shall assign each bond authenticated <br />and registered by it a distinctive letter, or number, or letter <br />and number, and shall maintain a record thereof which shall be <br />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 improvement fund, the <br />redemption fund and the special reserve fund, respectively, for <br />Assessment District No. 1984-1, Hopyard Road. <br /> <br /> Section 5.1. IMPROVEMENT FUND. Except as provided in <br />Section 5.3, proceeds of sale of the bonds, together with all <br />amounts paid on the assessments prior to bond issuance, shall be <br /> <br /> <br />