Laserfiche WebLink
(c) To modify, amend or supplement this Series <br />1992 Bond Resolution to permit the <br />qualification of the Series 1992 Bond for sale <br />under the securities laws of the United States <br />of America or of any of the states of the <br />United States of America or to obtain or <br />maintain bond insurance with respect to <br />payments of principal of and interest on the <br />Series 1992 Bonds; <br />(d) To provide for the refunding or advance <br />refunding of the Series 1992 Bonds; <br />(e) To procure a rating on the Series 1992 <br />Bonds from a nationally recognized securities <br />rating agency designated in such supplemental <br />resolution, if such supplemental resolution <br />will not adversely affect the owners of the <br />Series 1992 Bonds; and <br />(f) Any other purpose which in the judgment <br />of the Commission does not adversely impact the <br />interest of the owners of the Series 1992 <br />Bonds. <br />This Series 1992 Bond Resolution and the rights and <br />obligations of the Commission and the owners of the Series 1992 <br />Bonds may be modified or amended at any time by supplemental <br />resolutions adopted by the Commission with the consent of the <br />owners of the Series 1992 Bonds holding sixty percent (60 %) in <br />aggregate principal amount of the outstanding Series 1992 Bonds <br />(exclusive of Series 1992 Bonds, if any, owned by the Commission <br />or the City) ; provided, however, that no such modification or <br />amendment shall without the express consent of the owners of the <br />Series 1992 Bonds affected, reduce the principal amount of any <br />Series 1992 Bonds, reduce the interest rate payable thereon, <br />advance the earliest redemption date, extend its maturity or the <br />times for paying interest thereon, permit a privilege or priority <br />of any Series 1992 Bond or Series 1992 Bonds over any other Series <br />1992 Bond or Series 1992 Bonds, create a lien securing any Series <br />1992 Bonds other than a lien ratably securing all of the Series <br />1992 Bonds outstanding, or change the monetary medium in which <br />principal and interest is payable, nor shall any such modification <br />or amendment reduce the percentage of consent required for <br />amendment or modification. <br />Any act done pursuant to a modification or amendment <br />so consented to shall be binding upon all the owners of the Series <br />1992 Bonds and shall not be deemed an infringement of any of the <br />provisions of this Series 1992 Bond Resolution or of the Act, any <br />may be done and performed as fully and as freely as if expressly <br />permitted by the terms of this Series 1992 Bond Resolution, and <br />32 <br />