Form with which a corporation may resolve to obtain a bond for the office of the corporate treasurer.
District of Columbia Procure Treasurers Bond - Resolution Form - Corporate Resolutions
State:
Multi-State
Control #:
US-0047-CR
Format:
Word;
Rich Text
Instant download
Description
How to fill out Procure Treasurers Bond - Resolution Form - Corporate Resolutions?
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FAQ
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 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.
The Series 7 exam frequently asks about this priority sequence, and so it's worth learning the mnemonic: Pro Golfers Don't Miss (PGDM), which helps testers remember: pre-sale, group net, designated, and member orders.
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.
This section provides identifying information about the debt as part of the issuance. This information includes whether the bonds are book-entry only, the dated date of the bonds, the authorized denominations, the interest payment dates, the interest rate, and the redemption provisions.
