Agenda - 06-23-2005-8b - Laserfiche WebLink

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/0 6. Redemption Provisions -~- The Bonds will be subject to redemption prior to maturity upon such terms and conditions as the Finance Officer, in consultation with the LGC, may determine. The Finance Officer must execute a certificate prior to the initial delivery of the Bonds designating redemption terms and conditions, and such certificate will be conclusive evidence of the Finance Officer's approval and determination of such ternrs and conditions. The County will give notice of redemption by certified or registered mail to the registered owners of the Bonds, The County will mail such notice not more than 60 days and not less than 30 days prior to the date fixed for redemption, 7. Forn: of Borrds -- The Bonds will be in substantially the form set out in Exhibit A. The Bonds will be dated September 1, 2005, will be in fully registered form, in denominations of $5,000 and integral multiples thereof, and will be numbered R-1 upward separately within each series or consecutively across the series, as the Finance Officer may determine, The Bonds must be signed by the manual or facsimile signature of the Board's Chair, must be countersigned by the manual or facsimile signature of the Board's Clerk or any Assistant Clerk, and the County's seal must be affixed thereto or a facsimile thereof printed thereon, No Bond will be valid unless at least one of the signatures appearing on such Bond (which may be the signature of the LGC's representative required by law) is manually applied or until such Bond has been authenticated by the manual signature of an authorized officer or employee of a bond registrar selected by the County. 8. Finance Officer as Registrar; Payments to Registered Owners -- The Finance Officer is appointed Registrar for the Bonds. As Registrar, the Finance Officer will maintain appropriate books and records of the ownership of the Bonds, The County will treat the registered owner of each Bond as the person exclusively entitled to payment of principal, premium, if any, and interest and the exercise of all rights and powers of the owner, except that interest payments will be made to the person shown as owner on the registration books on the 15th day of the month preceding each interest payment date. 9. Advertising Bonds for Sale -- The Finance Officer, in collaboration with the LGC, is authorized and directed to take all proper steps to advertise the Bonds in accordance with customary LGC procedures, including through the use of a "Notice of Sale" document in the LGC's customary form, The Finance Officer is authorized and directed to review and approve a form of Notice of Sale as such officer may determine to be in the County's best interest.