Supporting and Amend Ordinance No. 8318-92, as amended by ordinance 8419-93, Additions and Improvements to Waterworks

Home Browse Search

The Insurer shall be provided with written notice of the resignation or removal of the Registrar and Paying Agent and the appointment of a successor thereto and of the issuance of additional indebtedness of the City's waterworks at such address as may be specified, from time to time, by the Insurer. SECTION 3. SUPPLEMENT AND AMENDMENT TO 2001 ORDINANCE. The 2001 Ordinance is hereby supplemented and amended as follows: (a) All references in the 2001 Ordinance to "City of South Bend, Indiana, Waterworks Revenue Bonds of 2001" are hereby changed to "City of South Bend, Indiana, Waterworks Revenue Bonds of 2002". (b) AlI references in the 2001 Ordinance to "2001 Bonds" are hereby changed to "2002 Bonds". (c) Section 2(a) of the 2001 Bond Ordinance is hereby changed to provide that (i) interest shall be payable semiannually on January 1 and July 1 in each year, beginning on January 1, 2003 (instead of July 1, 2002); and (ii) the 2001 Bonds shall mature beginning January 1, 2004 (instead of January 1, 2003) and on January 1 of each year thereafter over a period ending not later than January 1, 2023. (d) The reference in the form of bond (Section 9 of the 2001 Ordinance) to "December 15, 2001" is hereby changed to "December 15, 2002". (e) All references in the 2001 Ordinance to the 2001 Bonds being dated, authenticated and/or delivered in 2001 are hereby changed to reflect that such bonds shall be dated, authenticated and/or delivered in 2002. SECTION 4. TERMS AND PROVISIONS OF ORDINANCES. Except as expressly set forth herein, all of the terms and provisions of each of the Ordinances shall remain in full force and effect. SECTION 5. NO CONFLICT. The Council hereby finds and determines that the adoption of this Ordinance is in compliance with each of the Ordinances, and each of the Ordinances shall remain in full force and effect except as otherwise provided in this Ordinance. None of the provisions of this Ordinance shall be construed to prejudice or adversely affect the rights of the owners of any of the Bonds. SECTION 6. SEVERABILITY. If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. SECTION 7. INTERPRETATION. Unless the context or laws clearly require otherwise, references herein to statutes or other laws include the same as modified, supplemented or superseded from time to time. -5-