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Ord 1984-033
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Ord 1984-033
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8/30/2007 3:21:24 PM
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8/30/2007 3:21:24 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Code of Ordinances
Number
1984-33
Date
3/26/1984
Volume Book
64
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<br />corporations for which it serves as registrar, or which it maintains <br />for its own securities. <br /> 4.03. Form of Register. The Bank as Registrar will maintain the <br />records of the Register in accordance with the Bank's general <br />practices and procedures in effect from time to time. The Bank shall <br />not be obligated to maintain such Register in any form other than a <br />form which the Bank has currently available and currently utilizes at <br />the time. <br /> The Register may be maintained in written form or in any other <br />form capable of being converted into written form within a reasonable <br />time. <br /> 4.04. List of Holders. The Bank will provide the Issuer at any <br />time requested by the Issuer, upon payment of the required fee, a copy <br />of the information contained in the Register. The Issuer may also <br />inspect the information in the Register at any time the Bank is <br />customarily open for business, provided that reasonable time is <br />allowed the Bank to provide an up-to-date listing or to convert the <br />information into written form. <br /> The Bank will not release or disclose the content of the Register <br />to any person other than to, or at the written request of, an <br />authorized officer or employee of the Issuer, except upon receipt of a <br />subpoena or court order. Upon receipt of a subpoena or court order the <br />Bank will notify the Issuer so that the Issuer may contest the subpoena <br />or court order. <br /> 4.05. Cancellation of Obligations. All Obligations surrendered <br />for payment, redemption, transfer, exchange, or replacement, if <br />surrendered to the Bank, shall be promptly cancelled by it and, if <br />surrendered to the Issuer, shall be delivered to the Bank and, if not <br />already cancelled, shall be promptly cancelled by the Bank. The <br />Issuer may at any time deliver to the Bank for cancellation any <br />Obligation previously certified or registered and delivered which the <br />Issuer may have acquired in any manner whatsoever, and all Obligations <br />so delivered shall be promptly cancelled by the Bank. All cancelled <br />Obligations held by the Bank shall be disposed of as directed by the <br />Issuer. <br /> 4.06. Mutilated, Destroyed, Lost, or Stolen Obligations. <br />Subject to the provisions of this Section 4.06, the Issuer hereby <br />instructs the Bank to deliver fully registered Obligations in exchange <br />for or in lieu of mutilated, destroyed, lost or stolen Obligations as <br />long as the same does not result in an overissuance. <br /> If (1) any mutilated Obligation is surrendered to the Bank, or <br />the Issuer and the Bank receive evidence to their satisfaction of the <br /> -5- <br />
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