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RES 87418
City of Pleasanton
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RES 87418
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10/26/2017 4:23:58 PM
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12/6/1999 11:19:45 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/15/1987
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SECTION 2.05. Execution of Certificates. The <br />Certificates shall be executed by the Trustee by the manual <br />signature of an authorized officer of the Trustee. <br /> <br /> SECTION 2.06. Transfer and Payment of Certificates; <br />Exchange of Certificates. All Certificates are transferable <br />by the Owner thereof, in person or by his attorney duly <br />authorized in writing, at the principal corporate trust office <br />of the Trustee in San Francisco, California on the books <br />required to be kept by the Trustee pursuant to the provisions <br />of Section 2.07, upon surrender of such Certificates for <br />cancellation accompanied in the case of transfer by delivery <br />of a duly executed written instrument of transfer in the form <br />appearing on the Certificate. The Trustee may treat the Owner <br />of any Certificate as the absolute owner of such Certificate <br />for all purposes, whether or not such Certificate shall be <br />overdue, and the Trustee shall not be affected by any <br />knowledge or notice to the contrary~ and payment of the <br />interest and principal represented by such Certificate shall <br />be made only to such Owner, which payments shall be valid and <br />effectual to satisfy and discharge the liability represented <br />by such Certificate to the extent of the sum or sums so paid. <br /> <br /> Whenever any Certificate or Certificates shall be <br />surrendered for transfer, the Trustee shall execute and <br />deliver a new Certificate or Certificates of the same <br />Certificate Payment Date representing the same principal <br />amount. The Trustee shall require the payment by any Owner <br />requesting such transfer of any tax or other governmental <br />charge required to be paid with respect to such transfer. <br /> <br /> Certificates may be exchanged at the principal <br />corporate trust office of the Trustee in San Francisco, <br />California, for a like aggregate principal amount of <br />Certificates of other authorized denominations of the same <br />Certificate Payment Date. The Trustee shall require the <br />payment by the Owner requesting such exchange of any tax or <br />other governmental charge required to be paid with respect to <br />such exchange. <br /> <br /> The Trustee shall not be required to transfer or <br />exchange any Certificate after the fifteenth day of the month <br />next preceding each Payment Date, and the Trustee shall not be <br />required to transfer or exchange any Certificate selected for <br />prepayment in whole or in part from and after the date of <br />mailing the notice of prepayment of such Certificate or such <br />part thereof. <br /> <br /> SECTION 2.07. Certificate Registration Books. The <br />Trustee will keep at its principal corporate trust office in <br />San Francisco, California sufficient books for the <br /> <br /> 21 <br />1451S <br /> <br /> <br />
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