My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Redevelopment Commission Agenda & Packet 04.24.25
sbend
>
Public
>
Redevelopment Commission
>
Agendas & Packets
>
2025
>
04.24.2025
>
Redevelopment Commission Agenda & Packet 04.24.25
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/22/2025 11:40:18 AM
Creation date
4/22/2025 11:39:55 AM
Metadata
Fields
Template:
Dept of Community Investment
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
75
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
18 <br /> <br />(d) A reduction in the aggregate principal amount of the Bonds required for consent to <br />such supplemental resolution, without the consent of the holders of all Bonds then outstanding. <br />If the Commission shall desire to obtain any such consent, it shall cause the Registrar to <br />mail a notice, postage prepaid, to the addresses appearing on the Registration Record. Such notice <br />shall briefly set forth the nature of the proposed supplemental resolution and shall state that a copy <br />thereof is on file at the office of the Registrar for inspection by all owners of the Bonds. The <br />Registrar shall not, however, be 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 affect the validity of such supplemental <br />resolution when consented to and approved as herein provided. <br />Whenever at any time within one year after the date of the mailing of such notice, the <br />Commission shall receive any instrument or instruments purporting to be executed by the owners <br />of the Bonds of not less than sixty-six and two-thirds per cent (66-2/3%) in aggregate principal <br />amount of the Bonds then outstanding, which instrument or instruments shall refer to the proposed <br />supplemental resolution described in such notice, and shall specifically consent to and approve the <br />adoption thereof in substantially the form of the copy thereof referred to in such notice as on file <br />with the Registrar, thereupon, but not otherwise, the Commission may adopt such supplemental <br />resolution in substantially such form, without liability or responsibility to any owners of the Bonds, <br />whether or not such owners shall have consented thereto. <br />No owner of any Bond shall have any right to object to the adoption of such supplemental <br />resolution or to object to any of the terms and provisions contained therein or the operation thereof, <br />or in any manner to question the propriety of the adoption thereof, or to enjoin or restrain the <br />Commission or its officers from adopting the same, or from taking any action pursuant to the <br />provisions thereof. Upon the adoption of any supplemental resolution pursuant to the provisions <br />of this section, this resolution shall be, and shall be deemed, modified and amended in accordance <br />therewith, and the respective rights, duties and obligations under this resolution of the Commission <br />and the City and all owners of Bonds then outstanding shall thereafter be determined, exercised <br />and enforced in accordance with this resolution, subject in all respects to such modifications and <br />amendments. <br />Notwithstanding anything contained in the foregoing provisions of this resolution, the <br />rights, duties and obligations of the Commission and the City and of the owners of the Bonds, and <br />the terms and provisions of the Bonds and this resolution, or any supplemental resolution, may be <br />modified or amended in any respect with the consent of the Commission and the consent of the <br />owners of all the Bonds then outstanding. <br />Without notice to or consent of the owners of the Bonds, the Commission may, from time <br />to time and at any time, adopt such resolutions supplemental hereto as shall not be inconsistent <br />with the terms and provisions hereof (which supplemental resolutions shall thereafter form a part <br />hereof); provided, however, that in any case so long as the Bonds are outstanding and held by the <br />Indiana Finance Authority, the Commission shall not amend or supplement this resolution without <br />the prior written consent of the Indiana Finance Authority, <br />(a) To cure any ambiguity or formal defect or omission in this resolution or in any <br />supplemental resolution; or
The URL can be used to link to this page
Your browser does not support the video tag.