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10B Action 2014 0616
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10B Action 2014 0616
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6/30/2014 10:00:25 AM
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6/11/2014 10:56:24 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/16/2014
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PowerPoint 10B Action 2014 0616 Tax Allocation Bonds
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\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0616
SA Reso 2014-002
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Path:
\City Clerk\City Council\Resolutions\2014
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-22- <br />Section 2.08. Registration of Bonds. The Trustee will keep or cause to be kept, at its <br />Principal Corporate Trust Office, sufficient records for the registration and registration of transfer <br />of the Bonds, which shall at all times during normal business hours be open to inspection by the <br />Successor Agency, upon reasonable prior notice to the Trustee; and, upon presentation for <br />such purpose, the Trustee shall, under such reasonable regulations as it may prescribe, register <br />or transfer or cause to be registered or transferred, on the Registration Books Bonds as <br />hereinbefore provided. <br />Section 2.09. Temporary Bonds. The Bonds may be initially issued in temporary form <br />exchangeable for definitive Bonds when ready for delivery. The temporary Bonds may be <br />printed, lithographed or typewritten, shall be of such denominations as may be determined by <br />the Successor Agency, and may contain such reference to any of the provisions of this <br />Indenture as may be appropriate. Every temporary Bond shall be executed by the Successor <br />Agencyupon the same conditions and in substantially the same manner as the definitive Bonds. <br />If the Successor Agencyissues temporary Bonds, it will execute and furnish definitive Bonds <br />without delay, and thereupon the temporary Bonds shall be surrendered, for cancellation, in <br />exchange therefor at the Trust Office of the Trustee, and theTrustee shall authenticate and <br />deliver in exchange for such temporary Bonds an equal aggregate principal amount of definitive <br />Bonds of authorized denominations, interest rates and like maturities. Until so exchanged, the <br />temporary Bonds shall be entitledto the same benefits pursuant to this Indenture as definitive <br />Bonds authenticated and delivered hereunder. <br />Section 2.10. Bonds Mutilated, Lost, Destroyed or Stolen. If any Bond shall become <br />mutilated, the Successor Agency, at the expense of the Owner of such Bond, shall execute, and <br />the Trustee shall thereupon authenticate and deliver, a new Bond of like tenor and amount in <br />exchange and substitution for the Bond so mutilated, but only upon surrender to the Trustee of <br />the Bond so mutilated. Every mutilated Bond so surrendered to the Trustee shall be canceled <br />by it. If any Bond shall be lost, destroyed or stolen, evidence of such loss, destruction or theft <br />may be submitted to the Successor Agencyand the Trustee and, if such evidence be <br />satisfactory to both and indemnity satisfactory to them shall be given, the Successor Agency, at <br />the expense of the Owner, shall execute, and the Trustee shall thereupon authenticate and <br />deliver, a new Bond of like tenor and amount in lieu of and in substitution for the Bond so lost, <br />destroyed or stolen (or if any such Bond has maturedor has been called for redemption, instead <br />of issuing a substitute Bond, the Trustee may pay the same without surrender thereof upon <br />receipt of indemnity satisfactory to the Trustee and the Successor Agency). The Successor <br />Agencymay require payment by the Owner of a sum not exceeding the actual cost of preparing <br />each new Bond issued under this Section 2.10 and of the expenses which may be incurred by <br />the Successor Agencyand the Trustee in the premises. Any Bond issued under the provisions <br />of this Section in lieu of any Bond alleged to be lost, destroyed or stolen shall constitute an <br />original additional contractual obligation on the part of the Successor Agencywhether or not the <br />Bond so alleged to be lost, destroyed or stolen be at any time enforceable by anyone, and shall <br />be equally and proportionately entitled to the benefits of this Indenture with all other Bonds <br />issued pursuant to this Indenture. <br />Section 2.11. Book-Entry System. <br />(a) Original Delivery. The Bonds shall be initially delivered in the form of a separate <br />single fully registered Bond without coupons (which may be typewritten) for each maturity of the <br />Bonds. Upon initial delivery, the ownership of each such Bond shall be registered on the <br />Registration Books in the name of the Nominee. Except as provided in subsection (c), the
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