Resolution 314RESOLUTION NO. 314
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EDMONDS, WASHINGTON, DESIGNATING THE NATIONAL
BANK OF COMMERCE, AND ANY SUCCEEDING FISCAL
AGENCY DESIGNATED BY THE STATE OF WASHINGTON AS
FISCAL AGENT FOR SAID CITY.
WHEREAS, the City of Edmonds, has in recent years issued a
substantial number of general obligation, revenue and local
improvement district bonds, and
WHEREAS, due to the increasing complexity of such financing
arrangements it is necessary to provide greater services by said
city with respect to the redeeming of said bonds, payment of
interest coupons, registration and replacement of said bonds,
now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, RESOLVE
AS FOLLOWS:
That the National Bank of Commerce, and any succeeding fiscal
agency so designated by the State of Washington, is hereby
designated as the official fiscal agent for said city for the
purpose of registering such bond issues and replacements thereof
as said fiscal agent shall be directed by the city, and which
services shall also include the redeeming of said bonds at or
before maturity or upon call, and the payment of such interest
coupons as shall be due; the replacement of any lost bond or
series of bonds; the registration of such bond issues as required
or requested by said city; the maintenance of all records in
relation thereto and shall keep, maintain and /or destroy all
records of account, coupons and redeemed bonds in accordance
with state law, and such other duties as shall be assigned to
said fiscal agent by said city from time to time.
APPROVED:
ATTEST: MAYOR r
CITY CLERK
Passed by the City Council: August 20, 1974
Filed with the City Clerk: August 20, 1974