Laserfiche WebLink
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 />owners of the Bonds of not less than sixty percent (60 %) in aggregate principal amount of the <br />Bonds then outstanding (exclusive of Bonds, if any, owned by the Commission or the City), <br />which instrument or instruments shall refer to the proposed supplemental resolution described in <br />such notice, and shall specifically consent to and approve the adoption thereof in substantially <br />the form of the copy thereof referred to in such notice as on file with the Registrar, thereupon, <br />but not otherwise, the Commission may adopt such supplemental resolution in substantially such <br />form, without liability or responsibility to any owners of the Bonds, whether or not such owner <br />shall have consented thereto. <br />Upon the adoption of any supplemental resolution pursuant to the provisions of <br />this Section 20, this Resolution shall be, and be deemed to be, modified and amended in <br />accordance therewith, and the respective rights, duties and obligations under this Resolution shall <br />thereafter be determined, exercised and enforced hereunder, subject in all respects to such <br />modifications and amendments. <br />SECTION 21. The appropriate officers are hereby authorized to take all actions <br />required to obtain a rating for the Bonds, if economically feasible and desirable, and to enter into <br />a guaranty agreement with a corporate guarantor for the purpose of further securing the payment <br />of the principal of and interest on the Bonds. <br />-24- <br />SBIMAN 1 130621 v 1 <br />