Laserfiche WebLink
SECTION 6. Execution and Form of Fullv Registered Bonds. The Bonds of a series <br /> <br /> shall be lithographed, steel engraved, typewritten, printed or in other reproduced form as the Director of <br /> <br /> Finance may determine. The Bonds of a series shall bear the manual or facsimile signatures of the <br /> Director of Finance and of the Mayor of the County, and shall also bear the bear the seal of the County <br /> or a facsimile of such seal. The Director of Finance may provide for the Bonds of a series to be issued in <br /> and effect abook-entry system for such Bonds. The Director of Finance may prepare such number of <br /> blank Bonds of any series executed and sealed as aforesaid as he shall determine and deliver such <br /> executed blank Bonds to the registrar for such series for safekeeping prior to the time such Bonds are <br /> actually issued, exchanged or transferred. The Director of Finance shall direct the registrar for the Bonds <br /> of a series to register and authenticate such Bonds and no such Bond shall be valid or obligatory for any <br /> purpose unless and until the certificate of authentication endorsed on such Bond shall have been <br /> manually executed by such registrar; provided that a certificate of authentication shall not be required <br /> for any Bond if the Director of Finance is the registrar and if such Director has manually signed the <br /> Bond in question. <br /> The Bonds of a series shall be designated and the form of such Bonds, including the <br /> registrar's certificate of authentication (if required) and the assignment, shall be substantially in the form <br /> of general obligation bonds heretofore issued by the County with such insertions, variations and <br /> omissions as are required with respect to a particular series of the Bonds, book-entry provisions, variable <br /> rate provisions or other provisions as the Director of Finance may determine. <br /> SECTION 7. Sale of Bonds. Without any further authorization from or action by the <br /> Council but subject to the provisions hereof and of applicable law, the Director of Finance is hereby <br /> authorized to issue and sell the Bonds in their entirety at one time, or from time to time in two or more <br /> separate series, or as part of a series of other general obligation bonds of the County, at competitive sale <br /> or at negotiated sale to qualified purchasers in accordance with Section 47-8, Hawaii Revised Statutes, <br /> as amended, in each case at such price or prices and upon such terms and conditions as he shall approve <br /> and detertine to be in the best interest of the County. Without limiting the generality of the foregoing, <br /> with respect to the sale of the Bonds or of portions of the Bonds, the Director of Finance is hereby <br /> authorized to retain bond counsel, paying agents, registrars and financial and accounting consultants, <br /> upon such terms and conditions as he shall deem advisable, to select the date for such sale, to publish <br /> and distribute a Notice of Sale or to enter into a negotiated contract for the sale of the Bonds or portions <br /> 4 <br /> <br />