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BIL 209 Draft 04 1996-1998
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BIL 209 Draft 04 1996-1998
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Last modified
7/14/2021 11:18:12 AM
Creation date
9/22/2015 1:33:51 PM
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Bill/Resolution
Bill/Resolution - Type
BIL
Bill/Resolution - Council Term
1996-1998
Bill/Resolution
209
Draft
03
Introducer
Aaron S. Y. Chung, Council Member
Referred To
COUNCIL
Action 1
Council: Deferred Bill 209, Draft 3 (Comm. 756.04; 96-98 term) and Draft 4 - 3/4/99
Action 2
Council: Amends Bill 209, Draft 4 to Draft 5 - 3/17/99
Document Relationships
COM 0101.040 1998-2000
(Related)
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\Council Records\Communications\1998-2000
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interest accrued on the principal amount thereof to the date of redemption are made or duly provided <br />for by the County, interest un such Bond shall cease to accrue and become payable from and after the <br />date fixed for redemption. <br />SECTION 5. Payment of Bonds. The principal of and interest and premium, if any, <br />on the Bonds shall be payable in any coin or currency of the United States of America which at the <br />time of payment is legal tender for public and private debts. <br />SECTION 6. Execution and Form of Fully Registered Bonds. The Bonds of a series <br />shall be lithographed or steel engraved, typewritten, printed or otherwise reproduced as the Director <br />of Finance shall determine. The Bonds of a series shall bear the lithographed or engraved facsimile <br />signatures of the Director of Finance and of the Mayor of the County and shall be sealed with the seal <br />or a lithographed or engraved facsimile seal of the County; provided, however, the Director of <br />Finance may, at his election, provide for printed or manual signatures and seal on the Bonds; and <br />provided further, however, that the Director of Finance may, at his election, effect a book -entry <br />system for the Bonds of a series. The Director of Finance may, at his election, prepare such number <br />of 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 <br />bonds of a particular series to register and authenticate such Bonds and no such Bond shall he valid or <br />obligatory for any purpose unless and until the certificate of authentication endorsed on such Bond <br />shall have been manually executed by such registrar. <br />The Bond shall be designated and the form of the Bonds, the registrar's certificate of <br />authentication and the assignment shall be substantially as follows, with such appropriate insertions, <br />4 <br />
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