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� y <br /> . � . � <br /> SECTION 19. This Ordinance, and the rights and obligations of the City and the <br /> owners of the Bonds may be modified or amended at any time by supplemental ordinances <br /> adopted by the City with the consent of the owners of the Bonds holding at least sixty percent <br /> (60%) in aggregate principal amount of the outstanding Bonds(exclusive of Bonds, if any, owned <br /> by the City); provided, however, that no such modification or amendment shall, without the <br /> express consent of the owners of the Bonds affected, reduce the principal amount of any Bond, <br /> reduce the interest rate payable thereon, 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 Ordinance, and may be done and performed as fully and freely as if expressly <br /> permitted by the terms of this Ordinance, and after such consent relating to such specified matters <br /> has been given, no owner shall have any right or interest to object to such action or in any <br /> manner to question the propriety thereof or to enjoin or restrain the City or any officer thereof <br /> from taking any action pursuant thereto. <br /> If the City shall desire to obtain any such consent, it shall cause the Registrar to <br /> mail a notice, postage prepaid, to the respective owners of the Bonds at their addresses appearing <br /> on the Bond Register. Such notice shall briefly set forth the nature of the proposed supplemental <br /> ordinance and shall state that a copy thereof is on file at the office of the Registrar for inspection <br /> by all owners of the Bonds. The Registrar shall not, however, be subject to any liability to any <br /> owners of the Bonds by reason of its failure to mail the notice described in this Section 19, and <br /> any such failure shall not affect the validity of such supplemental ordinance when consented to <br /> and approved as provided in this Section 19. <br /> Whenever, at any time within one year after the date of the mailing of such notice, <br /> the City shall receive an instrument or instruments purporting to be executed by the owners of <br /> the Bonds of not less than sixty percent (60%) in aggregate principal amount of the Bonds then <br /> outstanding (exclusive of Bonds, if any, owned by the City), which instrument or instruments <br /> shall refer to the proposed supplemental ordinance described in such notice, and shall specifically <br /> consent to and approve the adoption thereof in substantially the form of the copy thereof referred <br /> to in such notice as on file with the Registrar, thereupon, but not otherwise, the Common Council <br /> may adopt such supplemental ordinance in substantially such form, without liability or <br /> responsibility to any owners of the Bonds, whether or not such owner shall have consented <br /> thereto. <br /> Upon the adoption of any supplemental ordinance pursuant to the provisions of this <br /> Section 19, this Ordinance shall be, and be deemed to be, modified and amended in accordance <br /> therewith, and the respective rights, duties and obligations under this Ordinance shall thereafter <br /> -20- <br />