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Home My WebLink AboutReso 96-055 - Approving the replacment of the Lost Registered Bonds: Cert No 67, Redding Improvement Bond Act 1915, College Highlands Assessment Dist No. 1989-4A, dated 07/16/87 Edgar & Ingrid Sparks Living Trust � • • RESOLUTION NO. 96-�5 A RESOLUTION OF THE CITY COUNCII. OF THE CITY OF REDDING APPROVING THE REPLACEMENT OF THE FOLLOWING LOST REGISTERED BOND: CERTIFICATE NO. 67, $10,000.00 PRINCIPAL AMOUNT, REDDING CALIFORNIA IMPROVEMENT BOND ACT I915, COLLEGE HIGHLANDS ASSESSMENT DISTRICT NO. 1989-4A, AT 7.45% AND DUE 9/02/2002, R/N/O EDGAR H. SPARKS AND INGRID S. SPARKS, TRUSTEES OF EDGAR AND INGRID SPARKS LIVING TRUST DATED JULY 16, 1987. WHEREAS, the City Treasurer received the attached request and Affidavit of Loss from First Trust in St. Paul, Minnesota, to replace the above-mentioned certificate; and WHEREAS, pursuant to Government Code Section 53460 et seq., and in order to complete the replacement of the lost bond, the City Council must first approve the replacement; IT IS THEREFORE RESOLVED by the City Council of the City of Redding that: 1. The City Treasurer is authorized to sign all necessary documentation on behalf of the City of Redding in order to complete the replacement of Certificate No. 67; 2. The bond owners must pay the costs of the issuance of the new bond; and 3. The City Clerk is directed to attest the signature of the City Treasurer, and to impress the official seal of the City of Redding on the aforesaid documentation. I HEREBY CERTIFY that the foregoing resolution was introduced, read, and adopted at a regular meeting of the City Council on the 19th day of March, 1996, by the following vote: AYES: COUNCIL MEMBERS: P. Anderson, R. Anderson, McGeorge, Murray and Kehoe NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS: None � DAVID HOE, M or \\ �� ATTEST: APPROVE • , ' � � ` ��'��a��t� ��-�.�.� � CONNIE S OHMA , C ty Clerk W. LEONARD WINGATE, City Attorney �. .... . ., _.. .... . .. .. S � , � Fi r�t Tru�� 1 1 . � Frst Trust Center °-�F�it� � � 1�9�r P.O.Box 64111 St.Paul,MN 55164-0111 ��/�°`ti�('�= (��'r ' January 8, 1996 City of I'�edding Attn: Financial Department 760 Parkview Avenue Redding, CA 96001 RE: City of Redding College Highlands Assessment District No. 1989-4A, Due 09-02- ''r'-.-� ;-�, � a�oi ��,-�;F�a+P �F� n $10.0f1� 00 R�rn Edgar I�. S�arks & In�r�d S. �parks Tte�� Edgar �, Tn;ri� Spkr�s �_ivin� lrus+U:`d .I.:1;� 1e, i9��. Dear Sir/Madame: We are submitting to you for approval an Affidavit of Loss, from Seabbard Surety Companv, in connection with the reissuance of the above described lost certificate. Under First Trust's blanket bond policy with Seaboard Surety Company, the Affidavit of Loss is a Bond of Indemnity once it has been signed and notarized. The Indemnity Bond is issued pursuant to agreement between First Trust and Seaboard Surety effective llecember 1, 1992. First Trust National Association certifies that this policy is currently effective. The attached document meets with First Trust's approval, if you find the document to be in order, please sign this letter authorizing us to proceed with the issuance of payment and/or replacement. You may retain this copy of the Indemnity Bond for your records. If you have any questions, please do not hesitate to contact me at (612)-2�4-473L. Sincerely, � � � �`U�,l,� K-k' �� Karrie Reasor Corporate Trust Department . _ Please sign and date the enclosed letter and return to us in the envelope provided_ I, hereby authorizes First Trust to reissue or pay the above described security on this date, � o�m �,re•u �� W. LEt?^!''.�'�? ;,�',��TE . .. _ ..... _._. ... �.y,-, :��.,�y� : ... - .. Member First Bank System ;. , . • EXHIBIT B AFFIDAVIT OF LOSS STATE OF C ' JAN 0 2 1996 ��ZI,� ) COUNTY OF C�WW- C Q�Q�o.��ss. The undersigned (hereinafter called"Deponent"), being duly sworn, deposes and says that: (1) Deponent is an adult whose mailing address is: 1904 PTARMIGAN DR#2 WALNUT CREEK, CA 94595 and is the owner of or is acting in a representative or fiduciary capacity with respect to certain securities (describe type of security, identification nurnber, and number of shares or face value) issued by: City of Redding College Highlands Assessment District No. 1989-4A�7.45% Due 9-2- 2002. Certificate#67 @$10,000.00. (hereinafter called the"Issuing Corporation")and registered in the name of: - EDGAR H SPARKS � INGRID S SPARKS TTEES EDGAR 8� INGRID SPARKS ` LIVING TRUST DTD JUL 16 87 (2) Deponent further says that the aforesaid security or securities(hereinafter called the"Original" whether one or mor )have en los , stolen stroyed or misplac d nder the followin circu stances: T ' - , r , (3)That said Original�wd�/was�not) endorsed. (if endorsed, describe form of endorsement and state whether signature was guaranteed.) (4) Deponent has made or caused to be made diligent search for Original, and has been unable to find or recover same, and that Deponent was the uncoriditional owner of Original at the time of lass, and is entitled to the full and exclusive possession thereof; that neither the Original nor the rights of Deponent therein have, in whole or in part, been assigned, transferred, hypothecated, pledged or otherwise disposed of, in any manner whatsoever, and that no person, firm or corporation other than Deponent has any right, title, claim, equity or interest in, to, or respecting Original or the proceeds thereof, except as may be set forth in Statement(5)following. Date:11/29/95 Loan Short Name: 364640 . ;. . . ' � • (5) (If DeponenYs interest in the Original is in a representative or fiduciary capacity, indicate below the designation of such capacity, i.e., Administrator, Executor, etc., and the title of the estate, as follows): Deponent is of the estate of (Specify names of any other persons having an interest in the Original. List them below and indicate the nature of their interest, such as heir, legatee, etc.) NAME INTEREST N (Each heir, legatee, etc., having an interest in the Original must execute Agreement of Indemnity, Exhibit �C"•) (6) Deponent makes this affidavit for the purpose of requesting and inducing the Issuing Corporation and its Agents to issue new securities in substitution for the Original and Seaboard Surety Company to assume iiability respect thereof under its Indemnity Bond. (7) Deponent agrees that if said Original should ever come into DeponenYs hands, custody or power, Deponent will immediately and without consideration surrender Original to Issuing Corporation, its transfer agents, subscription agents, trustees or Seaboard Surety Company for cancellation. (8)Signed, sealed and dated: �o+ , 2 �� , 19�_. Sworn to and subscribed before me this�3� � day of �� J2�� 19 �� X Signature of Deponent EDGAR H SPARKS �� TARY PUBLIC j � COMM��9 z !Affix Notarial Seal) :..--_ Ca�if°mi° = � � Gj C.�4 Q �. .,., = NotarY Public— My Commission Expires: � O a :-�� CONTR�COSTACOUNN �My Comm.Expires JUN 22.1998 Sworn to and subscribed fore me this�`—� day of �� - � , ,9 q5 X , ;�. Signature of epone t ° INGRID S SPARKS QL(/�_� v - RY PUBLIC LAURAZARAGOIA (Affix Notarial Seal) �a 1�� a :� ��.�� COMM.#1030839 . Z My Commission Expire . 1 z :�z�� ' Notary Pubtic—California D Z � ;�,a CONTt2A COSTA COUNN Date 11/29/95 Loan Name 364640 `•�• ;• �MComm.ExpiresJUN22,t998