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Authorizing the Insurance & Sale of $20,000,000.00 Economic Development Revenue Bonds Pertaining to Mill Race
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Authorizing the Insurance & Sale of $20,000,000.00 Economic Development Revenue Bonds Pertaining to Mill Race
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3/13/2013 1:49:15 PM
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3/13/2013 1:49:05 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/16/1985
Ord-Res Number
7567-85
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City in his individual capacity. <br /> Section 10. Repeal, Amendment and Modification of this <br /> Bond Ordinance. This Bond Ordinance shall be part of the contract <br /> with the owners from time to time of the Bond and from and after <br /> the delivery of the Bond shall not be repealed, amended or modified <br /> except to the extent and in the manner permitted for supplemental <br /> agreements to the Indenture. <br /> Section 11. Effective Date and Repeal of Conflicting Ordinances <br /> or Resolutions. This Bond Ordinance shall take effect and be <br /> in full force and effect immediately upon adoption and compliance <br /> with IC 36-3-4-14. All ordinances or resolutions inconsistent <br /> with this Bond Ordinance are hereby repealed to the extent of <br /> such inconsistency. <br /> Section 12 . Severability. If any provision of this Bond <br /> Ordinance shall be held or deemed to be or shall, in fact, be <br /> illegal, inoperative or unenforceable, the same shall not affect <br /> any other provision or provisions herein contained or render <br /> the same invalid, inoperative or unenforceable to any extent <br /> whatever; provided however, that if the limitation on the source <br /> of revenues to pay principal, interest and premium, if any, <br /> on the Bond is held invalid, the Issuer shall have no obligation <br /> to pay the Bond from other sources. , <br /> /7 <br /> Member of Commd /Council <br /> )"3. 16 Yi <br /> • <br /> A e <br /> 8 <br /> MRORD <br /> 3 <br />
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