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9968-09 Amending 9722-09 which authorized the issuance and sale of variable reate
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9968-09 Amending 9722-09 which authorized the issuance and sale of variable reate
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Last modified
12/3/2009 11:56:06 AM
Creation date
11/17/2009 11:32:40 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/12/2009
Ord-Res Number
9968-09
Bill Number
78-09
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April 1, 2033. The amendments which are contained in the Amended and Restated Indenture and <br />the Amended and Restated Agreement and in the terms of the Bonds will result in the Bonds <br />being deemed to have been reissued for purposes of the Internal Revenue Code of 1986, as <br />amended. <br />SECTION 5. Approval of the Amended and Restated Indenture and the Amended and <br />Restated Agreement. The Amended and Restated Indenture and the Amended and Restated <br />Agreement are hereby approved in the forms submitted to this meeting, and a copy of each such <br />document shall be kept on file by the City Clerk (the "Clerl~'). The Mayor (the "Executive") and <br />the Clerk are hereby authorized and directed to execute and deliver such documents without <br />further approval of the Council in substantially the forms herein approved with such additions, <br />deletions and modifications thereto as may be approved by the Executive and the Clerk, as <br />permitted under the Act, the execution thereof being conclusive evidence of such approval and of <br />the approval of the Council; and the Clerk, or any authorized representative of the City, is hereby <br />authorized and directed to affix the seal of the City to such documents and to attest the same. <br />Two copies of the Amended and Restated Indenture and the Amended and Restated Agreement, <br />hereby incorporated into this Ordinance, were duly filed in the Office of the Clerk and are <br />available for public inspection in accordance with Section 36-1-5-4 of the Indiana Code. <br />SECTION 6. Limited Obli ag tion. THE BONDS AND THE INTEREST THEREON <br />DO NOT AND SHALL NEVER CONSTITUTE AN INDEBTEDNESS OF, OR A CHARGE <br />AGAINST THE GENERAL CREDIT OR TAXING POWER OF, THE CITY, BUT ARE <br />LIMITED OBLIGATIONS OF THE CITY PAYABLE SOLELY FROM REVENUES AND <br />OTHER AMOUNTS DERIVED FROM THE AMENDED AND RESTATED AGREEMENT. <br />SECTION 7. Other Action. The Executive and the Clerk are hereby authorized and <br />directed to execute and deliver, in the name and on behalf of the City, any and all additional <br />documents and instruments necessary or proper and to do and cause to be done any and all acts <br />and things necessary or proper for carrying out the transactions contemplated by this Ordinance <br />(including the recitals hereto and the documents mentioned herein). <br />The Executive and Clerk may, by their execution of the documents requiring their <br />signatures or imprinting of their facsimile signatures thereon, approve changes therein and also <br />in those documents which do not require the signature of the Executive and/or Clerk without <br />further approval of this Council if such changes do not affect terms set forth in Indiana Code <br />Title 36, Article 7, Chapter 12, Section 27(a)(1) through (a)(10). <br />SECTION 8. No Personal Liability. No stipulation, obligation or agreement herein <br />contained or contained in the Amended and Restated Indenture and the Amended and Restated <br />Agreement, the Bonds or in any other agreement or document executed on behalf of the City <br />shall be deemed to be a stipulation, obligation or agreement of any member of the Council, or <br />any officer, agent or employee of the City in his or her individual capacity, and no such member <br />of the Council, officer, agent or employee shall be personally liable on the Bonds or be subject to <br />personal liability or accountability by reason of the issuance thereof. <br />SECTION 9. Action Approved and Confirmed. All acts of the officers of the City <br />which are in conformity with the purpose and intent of this Ordinance and in the furtherance of <br />3 <br />
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