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AG 1996 11 18
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AG 1996 11 18
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Last modified
3/25/2002 7:01:19 PM
Creation date
11/27/2017 11:56:27 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
11/18/1996
Board
Board of Commissioners
Meeting Type
Regular
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Section 6. The provisions of this Section relating to the <br />exchange and transfer of Bonds are subject to the provisions for <br />operation of the book-entry system provided in Section 2 of this <br />resolution, including the immobilization of Bond certificates with <br />a Securities Depository during the continuation of the book-entry <br />system. Bonds, upon surrender thereof at the office of the Bond <br />Registrar together with an assignment duly executed by the regis- <br />tered owner or his attorney or legal representative in such form as <br />shall be satisfactory to the Bond Registrar, may, at the option of <br />the registered owner thereof, be exchanged for an equal aggregate <br />principal amount of Bonds of the same maturity, of any denomination <br />or denominations authorized by this resolution and bearing interest <br />at the same rate. <br /> <br /> The transfer of any Bond may be registered only upon the <br />registration books of the Issuer upon the surrender thereof to the <br />Bond Registrar together with an assignment duly executed by the <br />registered owner or his attorney or legal representative in such <br />form as shall be satisfactory to the Bond Registrar. Upon any such <br />registration of transfer, the Bond Registrar shall authenticate and <br />deliver in exchange for such Bond a new Bond or Bonds, registered <br />in the name of the transferee, of any denomination or denominations <br />authorized by this resolution, in an aggregate principal amount <br />equal to the unredeemed principal amount of such Bond so <br />surrendered, of the same maturity and bearing interest at the same <br />rate. <br /> <br /> In all cases in which Bonds shall be exchanged or the transfer <br />of Bonds shall be registered hereunder, the Bond Registrar shall <br /> <br />22 <br /> <br /> <br />
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