Laserfiche WebLink
(a) to cure any ambiguity or formal <br />defect or omission in this Resolution or in <br />any supplemental resolution; <br />(b) to grant to or confer upon the <br />owners of the Bonds any additional benefits, <br />rights, remedies, powers, authority or <br />security that may lawfully be granted to or <br />conferred upon the owners of the Bonds; <br />(c) to modify, amend or supplement this <br />Resolution to permit the qualification of the <br />Bonds for sale under the securities laws of <br />the United States of America or of any of the <br />states of the United States of America or to <br />obtain or maintain bond insurance with respect <br />to payments of principal of and interest on <br />the Bonds; <br />(d) to provide for the refunding or <br />advance refunding of the Bonds; and <br />(e) to procure a rating on the Bonds <br />from a nationally recognized securities rating <br />r agency designated in such supplemental <br />resolution, if such supplemental resolution <br />will not adversely affect the owners of the <br />Bonds. <br />Section 3. A new Section 20 is added to said Resolutions <br />and reads as follows: <br />Section 20. Municipal Bond Insurance. The <br />provisions of this Section shall apply with respect to <br />any Bonds insured by AMBAC Indemnity Corporation. <br />(a) Definitions. The terms: <br />" AMBAC Indemnity" shall mean AMBAC Indemnity <br />Corporation, a Wisconsin - domiciled stock insurance <br />company. <br />"Municipal Bond Insurance Policy" shall mean the <br />municipal bond insurance policy issued by AMBAC Indemnity <br />insuring the payment when due of the principal of and <br />interest on the Bonds as provided therein. <br />(b) Consents of AMBAC Indemnity Required. <br />Any provision of this Resolution expressly <br />recognizing or granting rights in or to AMBAC Indemnity <br />nay not be amended in any manner which affects the rights <br />-2- <br />