No. 0819 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985 & 1986 for purpose of raising money for property acquisition and redevelopment in SBCAA

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1 This Series 1988 Bond Resolution and the rights and obligations of the Commission and the owners of the Series 1988 Bonds may be modified or amended at any time by supplemental resolutions adopted by the Commission with the consent of the owners of the Series 1988 Bonds holding sixty percent (60 %) in aggregate principal amount of the outstanding Series 1988 Bonds (exclusive of Series 1988 Bonds, if any, owned by the Commission or the City); provided, however, that no such modification or amendment shall without the express consent of the owners of the Series 1988 Bonds affected, reduce the principal amount of any Series 1988 Bonds, reduce the interest rate payable thereon, advance the earliest redemption date, extend its maturity or the times for paying interest thereon, permit a privilege or priority of any Series 1988 Bond or Series 1988 Bonds over any other Series 1988 Bond or Series 1988 Bonds, create a lien securing any Series 1988 Bonds other than a lien ratably securing all of the Series 1988 Bonds outstanding, or change the monetary medium in which principal and interest is payable, nor shall any such modification or amendment reduce the percentage of consent required for amendment or modification. Any act done pursuant to a modification or amendment so consented to shall be binding upon all the owners of the Series 1988 Bonds and shall not be deemed an infringement of any of the provisions of this Series 1988 Bond Resolution or of the Act, and may be done and per- formed as fully and as freely as if expressly permitted by the terms of this Series 1988 Bond Resolution, and after such consent relating to such specified matters has been given, no owner shall have any right or interest to object to such action or in any manner to ques- tion the propriety thereof or to enjoin or restrain the Commission or any officer thereof from taking any action pursuant thereto. If the Commission shall desire to obtain any such consent, it shall cause the Registrar to mail a notice, postage prepaid, to the respective owners of the Series 1988 Bonds at their addresses appearing on the Series 1988 Bond Register. Such notice shall briefly set forth the nature of the proposed supplemental resolution and shall state that a copy thereof is on file at the office of the Registrar for inspection by all owners of the Series 1988 Bonds. The Registrar shall not, however, be subject to any liability to any owners of the Series 1988 Bonds by reason of its failure to mail the notice described in this Section 22, and any such failure shall not affect the validity of such supplemental resolution when consented to and approved as provided in this Section 22. Whenever at any time within one year after the date of the it mailing of such notice, the Commission shall receive an instrument or instruments purporting to be executed by the owners of the Series 1988 Bonds of not less than sixty percent (60 %) in aggregate princi- pal amount of the Series 1988 Bonds then outstanding (exclusive of Series 1988 Bonds, if any, owned by the Commission or the City), which instrument or instruments shall refer to the proposed supple- mental resolution described in such notice and shall specifically Mpc