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FINANCE RESOLUTION - Resolution Providing for the Sale and Issuance of 23 million General Obligation Community College Bonds, Series 2017
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FINANCE RESOLUTION - Resolution Providing for the Sale and Issuance of 23 million General Obligation Community College Bonds, Series 2017
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2/10/2017 1:56:59 PM
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2/10/2017 1:46:29 PM
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ASSIGNMENT <br />FOR VALUE RECEIVED the undersigned registered owner thereof hereby sells, assigns <br />and transfers unto <br />the within Bond and all rights thereunder and hereby irrevocably constitutes and appoints <br />attorney to register the transfer of said bond on the books kept for registration thereof, with full <br />power of substitution in the premises. <br />Dated: <br />In the presence of- <br />NOTICE: <br />£ <br />NOTICE: The signature must be guaranteed <br />by an institution which is a participant in the <br />Securities Transfer Agent Medallion Program <br />(STAMP) or similar program. <br />The signature to this assignment must <br />correspond with the name as it appears on the <br />face of the within Bond in every particular, <br />without alteration of enlargement or any <br />change whatever. <br />Certificated Bonds issuable hereunder shall be in substantially the form of the Bonds <br />registered in the name of Cede & Co. with such changes as are necessary to reflect the provisions <br />of this resolution that are applicable to Certificated Bonds. <br />Section 4. The Bonds maturing on or prior to April 1, 2027 are not subject to redemption <br />prior to maturity. The Bonds maturing on April 1, 2028 and thereafter are subject to redemption <br />prior to maturity, at the option of the County, from any moneys that may be made available for <br />such purpose, either in whole or in part on any date not earlier than April 1, 2027, at a <br />redemption price equal to 100% of the principal amount of the Bonds to be redeemed, plus <br />accrued interest thereon to the date fixed for redemption. <br />Notwithstanding the foregoing, the Finance Director of the County may modify the <br />redemption provisions set forth above if the Finance Director of the County determines that it is <br />in the best interests of the County to modify the same for purposes of marketing and sale of the <br />Bonds, such modified redemption provisions to be set forth in the Notice of Sale relating to the <br />Bonds. In such case, the Finance Director is authorized and directed to take all actions necessary <br />to conform the terms of the Bonds to reflect such modified redemption provisions. <br />If the Finance Director of the County determines that all or a portion of the Bonds shall <br />be Term Bonds, then such Term Bonds shall be subject to mandatory sinking fund redemption in <br />E <br />
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