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RESOLUTION A CONTRACT; PROVISIONS FOR <br />MODIFICATIONS, ALTERATIONS AND AMENDMENTS <br />Section 16. The provisions of this Ordinance shall <br />constitute a contract between the Issuer and the owner of the <br />Bond hereby authorized; and after the issuance of the Bond, no <br />modification, alteration, amendment or supplement to the pro- <br />visions of this Ordinance shall be made in any manner except with <br />the written consent of the Bank or any other owner of the Bond <br />until such time as all principal installments of, premium, if <br />any, and interest on the Bond shall have been paid in full. <br />SATISFACTION AND DISCHARGE <br />Section 17. All rights and obligations of the Issuer <br />and the Company under the Bond, this Ordinance, the Agreement, <br />the Note, the Mortgage, the Assignment and the Bond Purchase <br />Agreement shall terminate and such instruments shall cease to be <br />of further effect, and the Bank or any other owner of the Bond <br />shall surrender the Bond, cancel the Bond, deliver the cancelled <br />Bond to the Issuer, deliver a copy of the cancelled Bond to the <br />Company and assign and deliver to the Company any moneys required <br />to be paid to the Company under Section 7 hereof when: <br />(a) all expenses of the Issuer and the Bank required <br />or permitted to be paid pursuant to this Ordinance, the <br />Agreement, the Note, the Mortgage, the Assignment and the <br />Bond Purchase Agreement shall have been paid; <br />(b) the Issuer and the Company shall have performed <br />all of their covenants and promises in the Bond, this <br />Ordinance, the Agreement, the Note, the Mortgage, the <br />Assignment and the Bond Purchase Agreement; and <br />(c) all principal installments of, premium, if any, <br />and interest on the Bond have been paid. <br />SEVERABILITY <br />Section 18. If any section, paragraph, clause or <br />provision of this Ordinance shall be ruled by any court of <br />competent jurisdiction to be invalid, the invalidity of such <br />section, paragraph, clause or provision shall not affect any of <br />the remaining sections, paragraphs, clauses or provisions hereof. <br />-32- <br />