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7 <br /> Council Member introduced the <br /> following resolution entitled "RESOLUTION APPOINTING BANKERS <br /> TRUST COMPANY OF DES MOINES, IOWA, TO SERVE AS PAYING AGENT, <br /> NOTE REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING AGENT <br /> AND NOTE REGISTRAR AND TRANSFER AGENT AGREEMENT AND AUTHORIZING <br /> THE EXECUTION OF THE AGREEMENT" and ml� that the resolution <br /> be adopted. Council Member .tA Q,r64, �.R, seconded the <br /> motion to adopt. The roll was called and the vote was, <br /> AYES: TA e <br /> IBA ;Arta ., JQs_ <br /> NAYS: 1141 , 1 et* • Whereupon, the Mayor declared the resolution duly adopted <br /> as follows: y // cP <br /> � �iTL <br /> RESOLUTION APPOINTING BANKERS TRUST COMPANY OF DES <br /> MOINES, IOWA, TO SERVE AS PAYING AGENT, NOTE <br /> REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING <br /> AGENT AND NOTE REGISTRAR AND TRANSFER AGENT AGREEMENT <br /> AND AUTHORIZING THE EXECUTION OF THE AGREEMENT <br /> WHEREAS, pursuant to the provisions of Chapter 75 of the <br /> Code of Iowa, $1,280,000.00 General Obligation Bond & Grant <br /> Anticipation Project Notes, dated June 15, 1986, have been sold <br /> at private sale and action should now be taken to provide for <br /> the maintenance of records, registration of certificates and <br /> payment of principal and interest in connection with the <br /> issuance of the Notes; and <br /> WHEREAS, this Council has deemed that the services offered <br /> by Bankers Trust Company of Des Moines, Iowa, are necessary for <br /> compliance with rules, regulations, and requirements governing <br /> the registration, transfer and payment of registered Notes; <br /> and <br /> WHEREAS, a Paying Agent and Note Registrar and Transfer <br /> Agent Agreement (hereafter "Agreement ") has been prepared to be <br /> entered into between the City and Bankers Trust Company. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF CLIVE, IOWA: <br /> Section 1. That Bankers Trust Company of Des Moines, Iowa, <br /> is hereby appointed to serve as Paying Agent, Note Registrar, <br /> and Transfer Agent in connection with the issuance of <br /> $1,280,000.00 General Obligation Bond & Grant Anticipation <br /> Project Notes, dated June 15, 1986. <br /> - 24 - <br /> Ahlers, Cooney, Dorweiler, Haynie, Smith & Allbee, lawyers, Des Moines, Iowa <br /> • <br />