Autthorizing the acquistion, construction, and installation of certain improvements and extensions to sewage works, the issuance and sale of additional revenue bonds

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the provisions of this Ordinance then outstanding, shall thereafter be determined, exercised and enforced in accordance with this Ordinance, subject in all respects to such modifications and amendments. Notwithstanding anything contained in the foregoing provisions of this Ordinance, the rights and obligations of the City and of the owners of the bonds authorized by this Ordinance, and the terms and provisions of the bonds and this Ordinance, or any supplemental ordinance, may be modified or altered in any respect with the consent of the City and the consent of the owners of all the bonds issued pursuant to this Ordinance then outstanding. Notwithstanding anything in this Section 21 of this Ordinance, as to any series of 1998 Bonds sold to the State pursuant to Section 8 of this Ordinance, no supplemental ordinance shall be adopted unless consented to in writing by the State. Section 22. Repeal of Conflicting Ordinances.. All ordinances and parts of ordinances in conflict herewith are hereby repealed. Section 23. Rates and Charges. The estimate of rates and charges which will be needed and charged to the general classes of users of property to be served by the Sewage Works in order to provide sufficient moneys to make payments of principal of and interest on the 1998 Bonds, along with the other payments identified in this Ordinance, is set forth in Ordinance No. 7942-88 adopted December 28, 1988. Section 24. Notice of Adoption and Purport of Ordinance. Upon passage of this Ordinance, the Clerk of the City shall immediately cause to be published in accordance with Indiana Code 5-3-1 a notice of the adoption and the purport of this Ordinance in accordance with Section 10 of the Act with respect to the Project. In the event an objecting petition is filed in accordance with Section 12 of the Act, no further proceedings shall be taken by the City relating to the Project until the later of (i) the date on which the court having jurisdiction over such matter confirms the decision of the City to issue bonds relating to the Project, or (ii) if an appeal is taken, the date on which the appropriate court of last resort confirms the decision of the City to issue bonds relating to the Project, except as permitted by Subsection 12(f) of the Act. Section 25. PaXments on Holidavs. If the date of making any payment or the last date for performance of any act or the exercising of any right, as provided in this Ordinance, shall be a legal holiday or a day on which banking institutions in the City or the city in which the Registrar and Paying Agent is located are typically closed, such payment may be made or act performed or right -28- ::ODMA\PCDOCS\SBDOCS I \ 14947\3