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RESOLUTION NO. 0830
SUPPLEMENTAL BOND RESOLUTION
(Electric Utility System)
A SUPPLEMENTAL BOND RESOLUTION AUTHORIZING, RATIFYING AND
APPROVING THE ISSUANCE, SALE AND DELIVERY OF ELECTRIC UTILITY
SYSTEM
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How to fill out supplemental bond resolution
To fill out a supplemental bond resolution, follow these steps:
01
Review the original bond resolution: Start by familiarizing yourself with the terms and provisions of the original bond resolution. This will provide important context for the supplemental resolution.
02
Identify the need for a supplemental resolution: Determine the specific reason why a supplemental resolution is required. It could be due to a change in the bond terms, an amendment to the existing resolution, or the addition of new provisions.
03
Identify the governing authority: Determine who has the authority to adopt the supplemental bond resolution. This could be a board of directors, a government entity, or any other appropriate governing body.
04
Draft the supplemental resolution: Create a written document that outlines the proposed changes or additions to the original bond resolution. Specify the purpose of the supplemental resolution and include all necessary details and provisions.
05
Consult legal counsel: It is highly recommended to seek legal advice before finalizing the supplemental bond resolution. An attorney specializing in bond law can ensure that the resolution complies with all applicable laws and regulations.
06
Obtain necessary approvals: Depending on the governing authority identified earlier, obtain all required approvals for the supplemental resolution. This may involve submitting the resolution to the appropriate board or committee for review and approval.
07
Execute the resolution: Once the supplemental bond resolution has been approved, it must be executed according to the required legal procedures. This typically involves signing and sealing the document in the presence of witnesses or other authorized individuals.
As for who needs a supplemental bond resolution, it could vary depending on the specific circumstances. Generally, any party involved in the issuance or management of the bonds may require a supplemental resolution. This could include bond issuers, bondholders, underwriters, and other stakeholders. It is crucial to consult the original bond resolution and legal counsel to determine who needs the supplemental resolution in a particular situation.
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What is supplemental bond resolution?
A supplemental bond resolution is a document that amends or adds to the terms of an existing bond resolution.
Who is required to file supplemental bond resolution?
The issuer of the bond is required to file a supplemental bond resolution.
How to fill out supplemental bond resolution?
To fill out a supplemental bond resolution, one must carefully review the existing bond resolution and make the necessary amendments or additions.
What is the purpose of supplemental bond resolution?
The purpose of a supplemental bond resolution is to update or modify the terms of an existing bond resolution.
What information must be reported on supplemental bond resolution?
The supplemental bond resolution must include details of the amendments or additions being made to the existing bond resolution.
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