Orange County NC Website
5 <br />on such Bond (which may be the signature of the LGC's representative required by law) <br />is manually applied or until such Bond has been authenticated by the manual signature of <br />an authorized officer or employee of a bond registrar selected by the County. <br />10. The Finance Officer is appointed Registrar for the Bands. As Registrar, the <br />Finance Officer shall maintain appropriate books and records of the ownership of the <br />Bonds. The County shall treat the registered owner of each Bond as the person <br />exclusively entitled to payment of principal, premium, if any, and interest and the <br />exercise of all rights and powers of the owner, except that interest payments shall be <br />made to the person shown as owner on the registration books on the 15th day of the <br />month preceding each interest payment date. <br />11. The County requests that the LGC sell the Bonds. After the LGC has <br />awarded the Bonds to the successful bidder, all County officers and employees are <br />authorized and directed to take all proper steps to have the Bands prepared and executed <br />in accordance with their terms and to deliver the Bonds to the purchasers thereof upon <br />payment therefor. <br />12. There has been presented to the Board a draft of a Notice of Sale and Bid <br />Form relating to the Bonds (the "Notice of Sale"). The Finance Officer, in collaboration <br />with the LGC, is authorized and directed to take all proper steps to advertise the Bonds <br />for sale substantially in accordance with the draft Notice of Sale, which is approved, <br />provided that the Finance Officer, in collaboration with the LGC, may make such <br />changes in the Norice of Sale not inconsistent with this resolution as he may consider to <br />be in the County's best interest. <br />13. The Finance Officer is authorized and directed to provide for the <br />publication of a notice of sale of the Bonds, in such farm as he may determine, at least <br />one time each in both (a) a newspaper having general circulation in the County and (b) a <br />recognized national financial journal, in each case at least five days prior to the sale date <br />for the Bands, all in accordance with LGC guidelines. <br />14. The Finance Officer is authorized and directed to hold the executed Bonds, <br />and any other documents authorized or permitted by this resolution, in escrow on the <br />County's behalf until the conditions for the delivery of the Bonds and other documents <br />have been completed to the Finance Officer's satisfaction, and thereupon to release the <br />executed Bonds and other documents for delivery to the appropriate persons or <br />organizations. Without limiting the generality of the foregoing, this authorization and <br />direction is specifically extended to authorize the Finance Officer (a) to enter into such <br />agreements or take such other actions as he may deem appropriate in connection with <br />obtaining bond insurance for the Bands, or (b) to approve changes to any documents or <br />closing certifications previously signed by County officers or employees, provided that <br />the Bonds shall be in substantially the farm approved by this resolution and that any such <br />changes shall not substantially alter the intent of such certificates from that expressed in <br />the forms of such certificates as executed by such officers or employees. The Finance <br />