9712-06 Authorizing the Issuance and Sale of CED Income Tax Rev Bonds to Previously issued and current Outstanding CED Bonds

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institutions are typically closed, with the same force and effect as if done on the nominal date provided in this Ordinance, and no interest shall accrue for the period after such nominal date. SECTION 14. The Common Council may, without the consent of, or notice to, any of the owners of the Refunding Bonds, adopt a supplemental ordinance for any one or more of the following purposes: (a) To cure any ambiguity or formal defect or omission in this Ordinance; (b) To grant to or confer upon the owners of the Refunding Bonds any additional benefits, rights, remedies, powers, authority or security that may lawfully be granted to or conferred upon the owners of the Refunding Bonds, or to make any change which, in the judgment of the City, is not to the prejudice of the owners of the Refunding Bonds; (c) To modify, amend or supplement this Ordinance to permit the qualification of the Refunding Bonds for sale under the securities laws of the United States of America or of any of the states of the United States of America; (d) To provide for the refunding or advance refunding of the Refunding Bonds; (e) To procure a rating on the Refunding Bonds from a nationally recognized securities rating agency designated in such supplemental ordinance, if such supplemental ordinance will not adversely affect the owners of the Refunding Bonds; (f) To make changes to reflect the issuance of parity bonds in accordance with Section 17; or (g) Any other purpose which in the judgment of the City does not adversely impact the interests of the owners of the Refunding Bonds. SECTION 15. This Ordinance, and the rights and obligations of the City and the owners of the Refunding Bonds may be modified or amended at any time by supplemental ordinances adopted by the Common Council with the consent of the owners of the Refunding Bonds holding at least sixty percent (60%) in aggregate principal amount of the outstanding Refunding Bonds (exclusive of Refunding Bonds, if any, owned by the City); provided, however, that no such modification or amendment shall, without the express consent of the owners of the Refunding Bonds affected, reduce the principal amount of any Refunding Bond, reduce the redemption premium, if any, or interest rate payable thereon, advance the earliest redemption date, extend its maturity or mandatory sinking fund redemption or the times for paying interest thereon, permit a privilege or priority of any Refunding Bond or Refunding Bonds over any other Refunding Bond or Refunding Bonds, create a lien securing any Refunding Bonds other than a lien ratably securing all of the Refunding Bonds outstanding, or change the monetary medium in BDDBOI 4539793v1 -24-