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A <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 /> BOND REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING AGENT <br /> AND BOND REGISTRAR AND TRANSFER AGENT AGREEMENT AND AUTHORIZING <br /> THE EXECUTION OF THE AGREEMENT ", and moved that the Resolution <br /> be adopted. Council Member Z.in�f'� -� seconded the <br /> motion to adopt. / The roll w s called and the vote was, <br /> • AYES: Ctez,t.�L: c��� ✓L,�scv�, <br /> NAYS: 67 -1-t_c. C� +Cl! Ze'e2L t%L <br /> Whereupon, the Mayor declared the Resolution duly ado t <br /> as follows: <br /> RESOLUTION APPOINTING BANKERS TRUST COMPANY OF <br /> DES MOINES, IOWA, TO SERVE AS PAYING AGENT, BOND <br /> REGISTRAR, AND TRANSFER AGENT, APPROVING THE PAYING <br /> AGENT AND BOND 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, $290,000.00 Public Improvement Bonds, dated <br /> August 1, 1987, have been sold at public sale and action should <br /> now be taken to provide for the maintenance of records, <br /> registration of certificates and payment of principal and <br /> interest in connection with the issuance of the Bonds; 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 Bonds; <br /> and <br /> WHEREAS, a Paying Agent and Bond 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, Bond Registrar, <br /> and Transfer Agent in connection with the issuance of <br /> $290,000.00 Public Improvement Bonds, dated August 1, 1987. <br /> - 2 <br /> lhlrrs ( uonc D(,wtI(r Haynie•. Smith 5 Allbi r. lei. y( s Dis 11,nfles Iowa <br />