SEC. 10.47. APPOINTMENT OF FISCAL AGENT.

   The Treasurer of the City and County may appoint a fiscal agent or agents to serve the City and County of San Francisco for the purpose of paying and providing for the payment in the City of New York of the principal and interest due and to become due upon the outstanding bonds heretofore or hereafter issued by the City and County.

(Ord. No. 1184(1939), Sec. 1; amended by Ord. 333-00, File No. 002020, App. 12/28/2000)

SEC. 10.48. PAYMENT OF AGENT.

   A fiscal agent appointed by the Treasurer shall be reimbursed for payment of bonds and coupons in accordance with a fee schedule to be established by the Treasurer of the City and County and approved by the Controller of said City and County. Said Treasurer is hereby authorized and empowered to establish said fee schedule, a copy of which shall be filed with the Board of Supervisors. The Treasurer shall immediately advise the Board of Supervisors in writing of any change in said fee schedule.

(Amended by Ord. 244-68, App. 8/17/68; Ord. 333-00, File No. 002020, App. 12/28/2000)

SEC. 10.49. PROCEDURE FOR PAYMENT; AGENT'S BOND.

   The Treasurer of the City and County may determine the time at which and the manner in which the amounts to become due as provided in the preceding section shall be paid, as well as to how and when the fiscal agent shall be reimbursed for any and all moneys paid out by the fiscal agent in the payment of any coupon or bond. The Treasurer is authorized to require a bond from the fiscal agent for the faithful performance of its duties and for the payment of any moneys which may become due from the fiscal agent to the City and County, the amount and terms of such bond to be approved by the Treasurer, and the premium thereon to be paid by the City and County.

(Ord. No. 1184(1939), Sec. 3; amended by Ord. 333-00, File No. 002020, App. 12/28/2000)

SEC. 10.49-1. PAYMENT OF LOST OR DESTROYED BOND COUPONS.

   The Treasurer is authorized to pay amounts due on lost or destroyed bond coupons upon the filing, within the period allowed by the statute of limitations, of an affidavit under oath by the owner of the coupon on its due date, setting forth all material facts relative to the loss or destruction, and presentation of the bond to which such coupon was attached, in accordance with forms and procedures established by the Controller.

(Added by Ord. 307-60, App. 6/15/60)

SEC. 10.49-2. INDEMNITY AGREEMENT AND ACCOUNT TO BE CHARGED.

   The requisite affidavit for payment of any lost or destroyed bond coupon shall contain an agreement to indemnify the City and County for any loss resulting from duplicate payment of such coupon, which duplicate payment, if occurring, shall be charged against the bond interest and redemption reserve.

(Added by Ord. 307-60, App. 6/15/60)

SEC. 10.49-5. CLEARING HOUSE REPRESENTATIVE.

   Any bank doing business with the City and County may be designated by the Controller and the Treasurer as the clearing house representative for the City and County.

(Amended by Ord. 66-76, App. 3/12/76)

ARTICLE IX: SALE OF TRUST SECURITIES

 

Sec. 10.50.	Sale Authorized.
Sec. 10.51.	Fixing Price.
Sec. 10.52.	Notice of Sale; Procedure at Auction or Private Sale.
Sec. 10.53.	Approval of Minimum Sales Price.
Sec. 10.54.	Expense of Sale.
Sec. 10.55.	Article Not Applicable to Retirement System Securities.
Sec. 10.56.	Endorsement by Mayor.