Form with which a corporation may resolve to obtain a bond for the office of the corporate treasurer.
Washington Procure Treasurers Bond - Resolution Form - Corporate Resolutions
State:
Multi-State
Control #:
US-0047-CR
Format:
Word;
Rich Text
Instant download
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FAQ
The Indenture is a contract between the issuer and the bond trustee. The Resolution, just like any other resolution or ordinance of a state or local government, is the evidence of an official action taken by the issuer with regard to the bonds.
The term bond resolution is typically applicable to bonds issued by municipalities. A bond resolution describes how much interest and principal will be paid to bondholders, when and how payments will be made, how bonds may be redeemed, and what happens in the event of default.
The Bond Resolution constitutes a contract between the Issuer and the bondholders.
Bond Resolution or Ordinance. The document(s) representing action of the issuer authorizing the issuance and sale of municipal bonds. Issuance of the bonds is usually approved in the authorizing resolution or ordinance, and the sale is usually authorized in a separate document called the ?sale? or ?award? resolution.
The Master Bond Resolution requires that the state maintain insurance on the bridge to ensure payment continues on the bonds, even if tolling income is inhibited.
