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No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area
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No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area
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C. To modify, amend or supplement this Resolution to permit the <br />qualification of the Bonds for sale under the securities laws of the United States of <br />America or of any of the states of the United States of America or to obtain or maintain <br />bond insurance with respect to payments of principal of and interest on the Bonds; <br />d. To provide for the refunding or advance refunding of the Bonds; <br />e. To procure a rating on the Bonds from a nationally recognized <br />securities rating agency designated in such supplemental resolution, if such supplemental <br />resolution will not adversely affect the owners of the Bonds; or <br />f. Any other purpose which in the judgment of the Commission does <br />not adversely affect the interests of the owners of the Bonds. <br />SECTION 20. This Resolution and the rights and obligations of the Commission <br />and the owners of the Bonds may be modified or amended at any time by supplemental <br />resolutions adopted by the Commission with the consent of the owners of the Bonds holding at <br />least sixty percent (60 %) in aggregate principal amount of the outstanding Bonds (exclusive of <br />Bonds, if any, owned by the Commission or the City); provided, however, that no such <br />modification or amendment shall, without the express consent of the owners of the Bonds <br />affected, reduce the principal amount of any Bond, reduce the interest rate or premium payable <br />thereon, advance the earliest redemption date, extend its maturity or the times for paying interest <br />thereon, permit a privilege or priority of any Bond or Bonds over any other Bond or Bonds, <br />create a lien securing any Bonds other than a lien ratably securing all of the Bonds outstanding, <br />or change the monetary medium in which principal and interest are payable, nor shall any such <br />modification or amendment reduce the percentage of consent required for amendment or <br />modification. <br />Any act done pursuant to a modification or amendment so consented to shall be <br />binding upon all the owners of the Bonds and shall not be deemed an infringement of any of the <br />provisions of this Resolution or of the Act, and may be done and performed as fully and freely as <br />if expressly permitted by the terms of this Resolution, and after such consent relating to such <br />specified matters has been given, no owner shall have any right or interest to object to such <br />action or in any manner to question the propriety thereof or to enjoin or restrain the Commission <br />or any officer thereof from taking any action pursuant thereto. <br />If the Commission shall desire to obtain any such consent, it shall cause the <br />Registrar to mail a notice, postage prepaid, to the respective owners of the Bonds at their <br />addresses appearing on the registration books held by the Registrar. Such notice shall briefly set <br />forth the nature of the proposed supplemental resolution and shall state that a copy thereof is on <br />file at the office of the Registrar for inspection by all owners of the Bonds. The Registrar shall <br />not, however, be subject to any liability to any owners of the Bonds by reason of its failure to <br />mail the notice described in this Section 20, and any such failure shall not affect the validity of <br />such supplemental resolution when consented to and approved as provided in this Section 20. <br />Whenever at any time within one year after the date of the mailing of such notice, <br />the Commission shall receive an instrument or instruments purporting to be executed by the <br />- 2s - <br />BDDB01 40102160 <br />
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