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Authorize- Issuance of Revenue Bonds $11,960,000
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Authorize- Issuance of Revenue Bonds $11,960,000
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Last modified
3/21/2011 3:56:49 PM
Creation date
3/21/2011 3:56:47 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/28/1997
Ord-Res Number
8778-97
Bill Number
34-97
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t , <br /> SECTION 15. If any section, paragraph or provision of this Ordinance shall be <br /> held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such <br /> section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. <br /> SECTION 16. All ordinances, resolutions, and orders,or parts thereof, in conflict <br /> with the provisions of this Ordinance, are, to the extent of such conflict, hereby repealed. <br /> SECTION 17. If the date for making any payment or the last date for performance <br /> of any act or the exercising of any right, as provided in this Ordinance, shall be a legal holiday <br /> or a day on which banking institutions in the city in which the Paying Agent is located are <br /> typically closed, such payment may be made or act performed or right exercised on the next <br /> succeeding day not a legal holiday or a day on which such banking institutions are typically <br /> closed, with the same force and effect as if done on the nominal date provided in this Ordinance, <br /> and no interest shall accrue for the period after such nominal date. <br /> SECTION 18. The City may, from time to time and at any time, without the <br /> consent of, or notice to, any of the owners of the Bonds, adopt a supplemental ordinance for any <br /> one or more of the following purposes: <br /> (a) To cure any ambiguity or formal defect or omission in this <br /> Ordinance or in any supplemental ordinance; <br /> (b) To grant to or confer upon the owners of the Bonds any additional <br /> benefits, rights, remedies, powers, authority or security that may lawfully be <br /> granted to or conferred upon the owners of the Bonds, or to make any change <br /> which, in the judgment of the City, is not to the prejudice of the owners of the <br /> Bonds; <br /> (c) To modify, amend or supplement this Ordinance to permit the <br /> qualification of the Bonds for sale under the securities laws of the United States <br /> of America or of any of the states of the United States of America; <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 ordinance, if such <br /> supplemental ordinance will not adversely affect the owners of the Bonds; <br /> (� To make changes to reflect the issuance of parity bonds in <br /> accordance with Section 22; or <br /> (g) Any other purpose which in the judgment of the City does not <br /> adversely impact the interests of the owners of the Bonds. <br /> -19- <br />
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