1985-129RESOLUTION 85R- 129
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM ESTABLISHING A PROCEDURE AND
AUTHORIZATION FOR ISSUANCE OF BONDS OR BOND
,.~ COUPONS TO REPLACE LOST, STOLEN, DESTROYED
OR MUTILATED BONDS OR BOND COUPONS.
WHEREAS, pursuant to the authority granted to the City
Council of the City of Anaheim by law, the City has heretofore,
and it is anticipated will hereinafter, issue Bonds in various
forms and types for the financing of various projects; and
WHEREAS, from time to time the legal owners of said Bonds
apply to the City Treasurer for issuance of a replacement for lost
Bonds or Bond Coupons; and
WHEREAS, the various resolutions authorizing the issuance
of Bonds provide that the City is authorized to provide by
resolution for the replacement for lost Bonds or Bond Coupons; and
WHEREAS, it is the policy of the City to require the
owner of a lost security instrument which has been issued by the
City to provide to the City Treasurer a lost securities bond,
executed in duplicate, indemnifying the City and its Treasurer for
twice the face amount of the claimed loss, and a notarized
affidavit of loss signed by the lost security instrument owner; and
WHEREAS, in order to simplify the procedures for issuance
of replacement Bonds or Bond Coupons to the respective owners
thereof who have complied with the City's policies, the City
Council has determined it to be advisable to permit the issuance
of said replacement Bonds or Bond Coupons upon the determination
of its Treasurer and City Attorney or other authorized legal
counsel that the owner of a lost security instrument has met the
foregoing requirements for issuance.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Anaheim:
Section l: That, unless otherwise specifically provided,
the determination of the proof of loss, destruction or mutilation
of Bonds or Bond Coupons issued by the City shall be made by the
City Treasurer and City Attorney or other authorized legal counsel
pursuant to an affidavit of the owner stating the fact of such
loss, destruction or mutilation together with the determination
~-- that a sufficient indemnity Bond has been posted to protect and
save the City harmless from any and all loss which may result from
the payment of a lost Bond or Bond Coupon.
Section 2: That upon the determination by the City
Treasurer and City Attorney or other authorized legal counsel as
set forth in Section 1 hereinabove, the Treasurer is empowered to
authorize the issuance of new Bonds or Bond Coupons to replace
said lost, stolen, destroyed, or mutilated Bonds or Bond Coupons.
~~-
THE FOREGOING RESOLUTION is approved and adopted by the
City Council of the City of Anaheim this 2nd day
of April 1985.
I
MAYOR OF THE CITY OF AN EIM
ATTEST:
i~~ ~-~
CITY CLERK OF THE CITY OF ANAHEIM
JLW:pm
2444U
-2-
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss,
CITY OF ANAHEIM )
I, LEONORA N. SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing Resolution No. 85R-129 was introduced and adopted at a regular
meeting provided by law, of the City Council of the City of Anaheim held on
the 2nd day of April, 1985, by the following vote of the members thereof:
AYES: COUNCIL MEMBERS: Kaywood, Bay, Pickler, Overholt and Roth
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
AND I FURTHER certify that the Mayor of the City of Anaheim signed said
Resolution No. 85R-129 on the 2nd day of April, 1985.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
City of Anaheim this 2nd day of April, 1985,
~~ -,.
CITY CLERK OF THE CITY OF ANAHEIM
(SEAL]
I, LEONORA N, SOHL, City Clerk of the City of Anaheim, do hereby certify that
the foregoing is the original of Resolution No. 85R-129 duly passed and
adopted by the .A.naheim City Council on April 2, 1985,
~ ~`
CITY CLERK
r~.~,,,,