Laserfiche WebLink
b <br />() To grant to or confer upon the owners of the 2003 Bonds any <br />additional rights, remedies, powers, authority or security that may lawfully be <br />granted to or conferred upon the owners of the 2003 Bonds; or <br />(c) To procure a rating on the 2003 Bonds from a nationally <br />recognized securities rating agency designated in such supplemental resolution, if <br />such supplemental resolution will not adversely affect the owners of the 2003 <br />Bonds; or <br />(d) To obtain or maintain bond insurance with respect to the 2003 <br />Bonds; or <br />(e) To provide for the refunding of the 2003 Bonds; or <br />(f) To make any other change which is not to the prejudice of the <br />owners of the 2003 Bonds. <br />Section 14. Approval of Official Statement and Continuing Disclosure Undertaking. The <br />Fiscal Officer is hereby authorized to deem final an official statement with respect to the 2003 <br />Bonds, as of its date, in accordance with the provisions of Rule 15c2 -12 of the United States <br />Securities and Exchange Commission, as amended (the "SEC Rule "), subject to completion as <br />permitted by the SEC Rule, and the Commission further authorizes the distribution of the <br />deemed final official statement, and the execution, delivery and distribution of such document as <br />further modified and amended with the approval of the Fiscal Officer in the form of a final <br />official statement. <br />In order to assist any underwriter of the 2003 Bonds in complying with paragraph (b)(5) <br />of the SEC Rule by undertaking to make available appropriate disclosure about the Commission <br />and the City and the 2003 Bonds to participants in the municipal securities market, the <br />Commission hereby covenants, agrees and undertakes, in accordance with the SEC Rule, unless <br />excluded from the applicability of the SEC Rule or otherwise exempted from the provisions of <br />paragraph (b)(5) of the SEC Rule, that it will comply with and carry out all of the provisions of <br />the continuing disclosure contract. "Continuing disclosure contract" shall mean that certain <br />continuing disclosure contract executed by the Commission and dated the date of issuance of the <br />2003 Bonds, as originally executed and as it may be amended from time to time in accordance <br />with the terms thereof. The execution and delivery by the Commission of the continuing <br />disclosure contract, and the performance by the Commission of its obligations thereunder by or <br />through any employee or agent of the Commission or the City, are hereby approved, and the <br />Commission shall comply with and carry out the terms thereof. <br />Section 15. No Conflict. All resolutions and orders or parts thereof in conflict with the <br />provisions of this resolution are to the extent of such conflict hereby repealed. After the issuance <br />of the 2003 Bonds and so long as any of the 2003 Bonds or interest thereon remains unpaid, <br />except as expressly provided herein, this resolution shall not be repealed or amended in any <br />respect which will adversely affect the rights of the holders of the 2003 Bonds, nor shall the <br />Commission adopt any law or resolution which in any way adversely affects the rights of such <br />holders. <br />-19- <br />