Legal Definitions - transcript of proceedings

A transcript of proceedings is a collection of all the documents related to a bond issue. This includes:

• Notices
• Affidavits of notices
• Bond resolution or bond ordinance
• Official statement
• Trust indenture and loan agreements
• Minutes of meetings of all authorizing bodies

For example, if a city wants to issue bonds to fund a new project, they will need to create a transcript of proceedings. This will include all the necessary documents to show that the bond issue was authorized and conducted properly.

The transcript of proceedings is important because it provides a complete record of the bond issue. This can be useful for investors, auditors, and other interested parties who want to understand the details of the bond issue.