Sec. 104.208. - Transfer agents; duties, records.

There may be appointed and designated for each bond issue issued after June 30, 1983 one or more transfer agents pursuant to Section 110.207 (b). A transfer agent: (a) Shall be a corporation authorized under the laws of the state wherein it is located to act as a transfer agent. (b) May be located within or without the City. (c) Shall enter into a written agreement with the City, which shall be executed by the Mayor and Corporation Secretary on behalf of the City, to serve as a transfer agent for the City and well and faithfully to perform the duties set out therein. The agreement shall require the transfer agent to provide such security for the faithful performance of its duties as the Treasurer specifies with the approval of the Director of Finance and Administration. The records maintained by a transfer agent relative to any bond issue are and shall be considered to be public records, as defined in F.S. § 119.011, and the transfer agent shall observe and comply with the requirements of F.S. Ch. 119 with respect to those records. (Ord. 83-591-400, § 1; Ord. 86-1305-736, § 3; Ord. 2016-140-E , § 16) Editor's note— The Tax Equity and Fiscal Responsibility Act of 1982 [P.L. 97-248] requires all bonds issued by a municipality after June 30, 1983 to be issued in registered form (with certain exceptions) in order to be tax-exempt under the Internal Revenue Code. Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization.