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A REFUNDING BOND RESOLUTION DATED JULY 10, 2019, AUTHORIZING THE ISSUANCE OF REFUNDING BONDS OF THE TOWN OF RIGA, NEW YORK, TO BE DESIGNATED SUBSTANTIALLY AS REFUNDING (SERIAL) BONDS AND PROVIDING
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How to fill out a refunding bond resolution

01
To fill out a refunding bond resolution, follow these steps:
02
Begin by entering the name of the issuing entity or municipality at the top of the resolution.
03
Provide the date of the resolution and specify the purpose, which is to authorize the refunding of certain bonds.
04
Include a brief background section explaining the reasons for the refunding, such as saving on interest costs or restructuring debt.
05
Outline the terms and conditions of the new bonds, including the principal amount, interest rate, and maturity date.
06
Specify any requirements or restrictions related to the refunding, such as obtaining credit ratings or complying with applicable laws.
07
Include provisions regarding the payment of the new bonds, such as the source of funds or the creation of a sinking fund.
08
Identify the individuals or entities authorized to execute the refunding bond resolution on behalf of the issuing entity.
09
Conclude the resolution with a section for approvals and certifications, including the signatures of relevant officials and the corporate seal.
10
Make sure to review the completed refunding bond resolution for accuracy and have it properly notarized and recorded.
11
Retain copies of the resolution for the issuing entity's records and distribute copies to all parties involved in the refunding process.

Who needs a refunding bond resolution?

01
A refunding bond resolution is typically needed by governmental entities and municipalities that wish to refinance their existing bonds.
02
It is also required by organizations that have issued bonds and are looking to redeem them or issue new bonds to repay the existing ones.
03
Financial institutions, underwriters, and legal professionals involved in the bond market also need a refunding bond resolution for documentation purposes.
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A refunding bond resolution is a formal document that authorizes the issuance of new bonds to replace existing bonds, usually to take advantage of lower interest rates or to extend the maturity date.
The issuing authority, usually a government entity, is required to file a refunding bond resolution.
A refunding bond resolution should be filled out by including specific details about the existing bonds being refunded, the new bonds being issued, and the reasons for the refunding.
The purpose of a refunding bond resolution is to replace existing bonds with new bonds to achieve cost savings or other financial benefits.
A refunding bond resolution must include information about the existing bonds being refunded, the new bonds being issued, the reasons for the refunding, and details about the issuing authority.
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2019 2011 New_York certificated hereof maturities callable dtc thereon churchville hereunto 10b thereunder donegan registrable effectuate unmatured affixed refunding unavailability therewith iii promulgated issuance hereinafter comptroller summarized unde

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