Laserfiche WebLink
The Mayor and the City Clerk of the Issuer are hereby authorized <br />to direct the Trustee to authenticate and deliver the Bonds. <br />Section 19. Covenants and Stipulations of the Issuer. All <br />covenants, stipulations, obligations and agreements of the Issuer <br />contained in this ordinance and in the Indenture and the Loan <br />Agreement (herein collectively referred to as the "Instruments ") <br />shall be deemed to be the covenants, stipulations, obligations <br />and agreements of the Issuer to the full extent authorized or per- <br />mitted by law, and all such covenants, stipulations, obligations <br />and agreements shall be binding upon the Issuer and its successors <br />from time to time and upon any board or body to which any powers <br />or duties affecting such covenants, stipulations, obligations <br />and agreements shall be transferred by or in accordance with law, <br />and except as otherwise provided in this ordinance or in the <br />Instruments or other instruments contemplated hereby to which the <br />Issuer is or is to be a party, all rights, powers and privileges <br />conferred and duties and liabilities imposed upon the Issuer or <br />the members of the Common Council thereof by the provisions of <br />this ordinance or the Instruments shall be exercised or performed <br />by the Issuer or by such members, officers, board or body as may <br />be required by law to exercise such powers and to perform such <br />duties. <br />No covenant,stipulation, obligation or agreement herein con- <br />tained or contained in the Instruments shall be deemed to be a <br />covenant, stipulation, obligation or agreement of any member <br />of the Common Council, officer, agent or employee of the Issuer <br />in his individual capacity and neither the members of the Common <br />Council of the Issuer nor any officer executing the Bonds shall <br />be liable personally on the Bonds or be subject to any personal <br />liability or accountability by reason of the issuance thereof. <br />Section 20. Execution of Certifications and Other Instru- <br />ments. The Mayor and the City Clerk, as appropriate, are hereby <br />authorized and directed to execute such certifications, financing <br />statements, assignments, documents and other instruments as are, <br />- 11 - <br />