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No. 1054 regarding issuance of tax increment revenue refunding bonds
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No. 1054 regarding issuance of tax increment revenue refunding bonds
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10/18/2012 2:59:28 PM
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,t <br />matters has been given, no owner shall have any right or interest <br />to object to any action or in any manner to question the propriety <br />thereof or to enjoin or restrain the Commission or any officer <br />thereof from taking any action pursuant thereto. <br />If the Commission shall desire to obtain any such consent, <br />it shall cause the Registrar to mail a notice, postage prepaid, to <br />the addresses appearing on the registration books held by the <br />Registrar. Such notice shall briefly set forth the nature of the <br />proposed supplemental resolution and shall state that a copy <br />thereof is on file at the office of the Registrar for inspection by <br />all owners of the Bonds. The Registrar shall not, however, be <br />subject to any liability to any owners of the Bonds by reason of <br />its failure to mail such notice, and any such failure shall not <br />affect the validity of such supplemental resolution when consented <br />to and approved as herein provided. <br />Whenever at any time within one year after the date of the <br />mailing of such notice, the Commission shall receive any instrument <br />or instruments purporting to be executed by the owners of the Bonds <br />of not less than sixty per cent (60 %) in aggregate principal amount <br />of the Bonds then outstanding (exclusive of Bonds, if any, owned by <br />the Commission or the City), which instrument or instruments shall <br />refer to the proposed supplemental resolution described in such <br />notice, and shall specifically consent to and approve the adoption <br />thereof in substantially the form of the copy thereof referred to <br />in such notice as on file with the Registrar, thereupon, but not <br />otherwise, the Commission may adopt such supplemental resolution in <br />-23- <br />
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