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05-22-2017 Packet
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05-22-2017 Packet
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City Council - City Clerk
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of this ordinance with the review and advice of their counsel; it being the express understanding <br /> of this Common Council that the terms of the Financing Agreement are in substantially final <br /> form as of the date of this ordinance. The approval of said modifications or additions shall be <br /> conclusively evidenced by the execution and attestation thereof and the affixing of the seal <br /> thereto or the imprinting of the seal thereon; provided, however, that no such modification or <br /> addition shall change the maximum issuance amount or maturity amount of, interest rate on or <br /> term of the Bonds as approved by the Common Council by this ordinance without further <br /> consideration by the Common Council. The signatures of the Mayor, the Controller and the <br /> Clerk on the Bonds may be either manual or facsimile signatures. The Controller is authorized <br /> to arrange for delivery of such Bonds to the trustee named in the Indenture. Payment for the <br /> Bonds will be made to the trustee named in the Indenture, and after such payment the Bonds will <br /> be delivered by the Trustee to the purchasers thereof. The Bonds shall be originally dated as of <br /> the issue date. <br /> SECTION VIII. The provisions of this ordinance and the Indenture securing the Bonds <br /> shall constitute a contract binding between the City and the holders of the Bonds, and after the <br /> issuance of the Bonds, this ordinance shall not be repealed or amended in any respect which <br /> would adversely affect the rights of such holders so long as the Bonds or the interest thereon <br /> remains unpaid. <br /> SECTION IX. This ordinance shall be in full force and effect from and after its passage <br /> and approval by the Mayor. <br /> Member of the Common Council <br /> - 5 - <br /> R1 1852954.5 <br />
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