Form with which a corporation may resolve to obtain a bond for the office of the corporate treasurer.
Kansas 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
What Is a Bond Resolution? A bond resolution is a document where the issuer authorizes a bond's issuance and sale, along with defining the rights of the respective parties to the bond contract, namely the issuer and the bondholder.
Municipal Bond Resolution means the resolution(s) or ordinance(s) of the governing body of the Municipality authorizing the issuance of the Municipal Securities. Municipal Bond Resolution means that action taken by the Municipality or the School Administrative Unit authorizing the issuance of the Municipal Bonds.
If the bonds are issued pursuant to an Indenture, the issuer always approves and authorizes the execution and delivery of the Indenture by adopting a resolution. This resolution is also made a part of the bond transcript and may be called the bond resolution or issuer's resolution.
The formal authorization to issue the Bonds, adopted by the governing body of the Issuer. A Bond Resolution may be adopted by the Issuer for the purpose of authorizing the issuance of the Bonds and giving authority to officers of the Issuer to execute any documents necessary to close the financing.
Inducement Resolutions. The first step in a Bond transaction normally is obtaining an inducement resolution and agreement from the Issuer, sometimes known as a declaration of official intent (the ?Inducement?). This constitutes an agreement in principle by an Issuer to issue Bonds for a proposed Project.
Municipal Bond Resolution means the resolution(s) or ordinance(s) of the governing body of the Municipality authorizing the issuance of the Municipal Securities. Municipal Bond Resolution means that action taken by the Municipality or the School Administrative Unit authorizing the issuance of the Municipal Bonds.
