Orange County NC Website
i~ <br />The Bonds must be signed by the manual or facsimile signature of the <br />Board's Chair, must be countersigned by the manual or facsimile signature of the <br />Board's Clerk or any Assistant Clerk, and the County's seal must be affixed thereto <br />or a facsimile thereof printed thereon. No Bond will be valid unless at least one of <br />the signatures appearing on such Bond (which may be the signature of the LGC's <br />representative required by law) is manually applied or until such Bond has been <br />authenticated by the manual signature of an authorized officer or employee of a <br />bond registrar selected by the County. <br />9. Fir:ance Officer as Registrar; Payments to Registered Owners -- The <br />Finance Officer is appointed Registrar for the Bonds, As Registrar, the Finance <br />Officer will maintain appropriate books and records of the ownership of the Bonds. <br />The County will treat the registered owner of each Bond as the person exclusively <br />entitled to payment of principal, premium, if any, and interest and the exercise of <br />all rights and powers of the owner, except that interest payments will be made to <br />the person shown as owner on the registration books on the 15th day of the month <br />preceding each interest payment date. <br />I0. Advertisi~:g Bonds for Sale -- The Finance Officer, in collaboration <br />with the LGC, is authorized and directed to take all proper steps to advertise the <br />Bonds in accordance with customary LGC procedures, including through the use <br />of a "Notice of Sale" document in the LGC's customary form. The Finance Officer <br />is authorized and directed to review and approve a form of Notice of Sale as he <br />may determine to be in the County's best interest. <br />ll. LGC To Sell Bonds -The County asks the LGC to sell the Bonds, to <br />receive and evaluate bids and to award the Bonds to the successful purchaser. <br />I2. Conepleting Official Statement after Sale -- After bids have been <br />received and the LGC has awarded the Bonds to the successful purchaser, the <br />Finance Officer is authorized and directed to prepare, in collaboration with the <br />LGC, a final Official Statement containing, among such other matters as may be <br />appropriate, information required pursuant to Rule 15c2-12 ("Rule 15c2-12") <br />promulgated by the United States Securities and Exchange Commission under the <br />United States Securities Act of 1934, as amended. The County, together with the <br />LGC, will arrange for the delivery within seven business days of the date the <br />Bonds are sold of a reasonable number of copies of the final Official Statement to <br />Orange 04 GO bond resolution BR <br />