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HomeMy Public PortalAboutResolution #2011-19, A Resolution Appointing Bankers Trust Company of Des Moines, Iowa, to Serve as Paying Agent, Note Registrar, & Transfer Agent, Approving the Paying Agent & Note Registrar & Transfer Agent Agreement & Authorizing the Execution of the ACouncil Member ~,.,~ ~{ R e\ introduced the following resolution entitled "RESOLUTION APPOINTING BANKERS TRUST COMPANY OF DES MOINES, IOWA, TO SERVE AS PAYING AGENT, NOTE REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING AGENT AND NOTE REGISTRAR AND TRANSFER AGENT AGREEMENT AND AUTHORIZING THE EXECUTION OF THE AGREEMENT", and moved that the resolution be adopted. Council Member G1r-ar,ror seconded the motion to adopt. The roll was called and the vote was, AYES: ~~~~ 1~ 2c.11 L,1*~n;~,~no r~ ~~Y-,1Gll Y1 NAYS: Whereupon, the Mayor declared the resolution duly adopted as follows: ~~CSO~u~TTorS ~ a,o11- i`1 RESOLUTION APPOINTING BANKERS TRUST COMPANY OF DES MOINES, IOWA, TO SERVE AS PAYING AGENT, NOTE REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING AGENT AND NOTE REGISTRAR AND TRANSFER AGENT AGREEMENT AND AUTHORIZING THE EXECUTION OF THE AGREEMENT WHEREAS, $2,000,000 General Obligation Capital Loan Notes, Series 2011, dated May 4, 2011, have been sold and action should now be taken to provide for the maintenance of records, registration of certificates and payment of principal and interest in connection with the issuance of the notes; and WHEREAS, this Council has deemed that the services offered by Bankers Trust Company of Des Moines, Iowa, are necessary for compliance with rules, regulations, and requirements governing the registration, transfer and payment of registered notes; and WHEREAS, a Paying Agent, Note Registrar and Transfer Agent Agreement (hereafter "Agreement") has been prepared to be entered into between the City and Bankers Trust Company. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, STATE OF IOWA: -2- Section 1. That Bankers Trust Company of Des Moines, Iowa, is hereby appointed to serve as Paying Agent, Note Registrar and Transfer Agent in connection with the issuance of $2,000,000 General Obligation Capital Loan Notes, Series 2011, dated May 4, 2011. Section 2. That the Agreement with Bankers Trust Company of Des Moines, Iowa, is hereby approved and that the Mayor and Clerk are authorized to sign the Agreement on behalf of the City. PASSED AND APPROVED this 19th day of April, 2011. ayor ~ ~ - Te rv~ ATTEST: ~'" City Clerk -3-