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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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(d) To provide for the refunding or advance refunding <br />of the Bonds; <br />(e) To procure a rating on the Bonds from a nationally <br />co recognized securities rating agency designated in such <br />supplemental resolution, if such supplemental resolution will <br />not adversely affect the owners of the Bonds; or <br />(f) Any other purpose which in the judgment of the <br />Commission does not adversely impact the interests of the <br />owners of the Bonds. <br />20. This Resolution and the rights and obligations of <br />the Commission and the owners of the Bonds may be modified or <br />amended at any time by supplemental resolutions adopted by the <br />Commission with the consent of the owners of the Bonds holding at <br />least sixty percent (60 %) in aggregate principal amount of the <br />outstanding Bonds (exclusive of Bonds, if any, owned by the <br />Commission or the City); provided, however, that no such <br />modification or amendment shall, without the express consent of the <br />owners of the Bonds affected, reduce the principal amount of any <br />Bond, reduce the interest rate or premium payable thereon, advance <br />the earliest redemption date, extend its maturity or the times for <br />paying interest thereon, permit a privilege or priority of any Bond <br />or Bonds over any other Bond or Bonds, create a lien securing any <br />Bonds other than a lien ratably securing all of the Bonds <br />outstanding, or change the monetary medium in which principal and <br />interest are payable, nor shall any such modification or amendment <br />reduce the percentage of consent required for amendment or <br />modification. <br />Any act done pursuant to a modification or amendment so <br />consented to shall be binding upon all the owners of the Bonds and <br />shall not be deemed an infringement of any of the provisions of <br />this Resolution or of the Act, and may be done and performed as <br />fully and freely as if expressly permitted by the terms of this <br />Resolution, and after such consent relating to such specified <br />matters has been given, no owner shall have any right or interest <br />to object to such 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 <br />consent, it shall cause the Registrar to mail a notice, postage <br />prepaid, to the respective owners of the Bonds at their addresses <br />appearing on the registration books held by the Registrar. Such <br />notice shall briefly set forth the nature of the proposed <br />supplemental resolution and shall state that a copy thereof is on <br />file at the office of the Registrar for inspection by all owners <br />of the Bonds. The Registrar shall not, however, be subject to any <br />liability to any owners of the Bonds by reason of its failure to <br />-27- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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