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THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

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they not been called for redemption All money held by the Bond Registrar for the<br />

redemption of particular Bonds shall be held intrust for the account ofthe registered owners<br />

thereof and shall be paid to them respectively upon presentation and surrender of those<br />

Bonds<br />

Section 4 Si nin and Authentication of Bonds Appointment of Bond Registraz The<br />

Bonds shall be signed by theMayor and theDirector ofFinance in the name ofthe Cityand in their<br />

official capacities provided that either or both of those signatures may be a facsimile The Bonds<br />

shall be issued in the Authorized Denominations and numbers as requested by the Original<br />

Purchaser and approved by the Director of Finance shall be numbered as determined by the<br />

Director ofFinance in order to distinguish each Bond from any other Bond and shall express upon<br />

their faces the purpose in summary terms for which they are issued and that they are issued<br />

pursuant to this Ordinance<br />

The Huntington National Bank is hereby appointed toact as the initial Bond Registraz The<br />

Bond Registraz Agreement in the form now onfile with the Clerk is approved and the Director of<br />

Finance is authorized to sign and deliver in the name and on behalfofthe City the Bond Registrar<br />

Agreement with any changes that are not inconsistent with this Ordinance are not materially<br />

adverse to the City and are approved by the Director of Finance That such changes are not<br />

materially adverse to the City and have been approved by the Director of Finance shall be<br />

conclusively evidenced bytheDirector ofFinance ssigning oftheBond Registrar Agreement The<br />

Director ofFinance shallprovide for thepayment ofthe services rendered and for reimbursement of<br />

expenses incurred pursuant to the Bond Registrar Agreement except to the extent paid or<br />

reimbursed by the Original Purchaser in accordance with the Bond Purchase Agreement from the<br />

proceeds of the Bonds to the extent available and then from other money lawfully available and<br />

appropriatedorto be appropriated forthat purpose<br />

No Bond shall be valid or obligatory for any purpose or shall be entitled to any security or<br />

benefit under the Bond proceedings unless and until the certificate ofauthentication printed on the<br />

Bond is signed bythe Bond Registrar as authenticating agent Authentication by theBond Registrar<br />

shall be conclusive evidence that the Bond so authenticated has been duly issued signed and<br />

delivered under and is entitled to the security and benefit of the Bond proceedings The certificate<br />

ofauthentication may be signed by any authorized officer or employee ofthe Bond Registrar orby<br />

any other person acting as an agent ofthe Bond Registrar and approved by the Duector ofFinance<br />

on behalf ofthe City The same person need not sign the certificate of authentication on all ofthe<br />

Bonds<br />

Secfion 5Re istration Transfer and Exchange BookEntry System<br />

a Bond Regisb ar So long as any oftheBondsremain outstanding the Citywill cause<br />

the Bond Registrar to maintain and keep the Bond Register at its designated corporate trust office<br />

Subject to the provisions of Section5c the person in whose name a Bond is registered on the<br />

Bond Register shall be regarded as the absolute owner of that Bond for all purposes<br />

ofthe Bond<br />

proceedings Payment of or on account ofthe debt charges on any Bond shall be made only to or<br />

upon the order ofthat person neithertheCity northe Bond Registrar shall be affected by any notice<br />

to the contrary but theregistration maybe changed as provided in this Section A11 such payments<br />

9

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