Form with which a corporation may resolve to obtain a bond for the office of the corporate treasurer.
New York Procure Treasurers Bond - Resolution Form - Corporate Resolutions
State:
Multi-State
Control #:
US-0047-CR
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
Net Interest Cost (NIC) captures the cost of financing that factors the future debt payments and the underwriter's discount. True Interest Cost (TIC) captures the present value cost of a financing that factors the future debt payments and the underwriter's discount.
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.
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 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.
