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<br />for the alTlendment and of the Impact of any change 10 the type of financIalmformatIOn or operatmg data so
<br />provIded.
<br />
<br />ARTICLE XIII
<br />
<br />AMENDMENTS, FURTHER PROCEDURES, AND SEVERABILITY
<br />
<br />SectIOn 13 01 Amendments
<br />
<br />ThIS Ordmance shall not be amended or repealed by the CIty whIle any CertIficate remams
<br />outstandmg, except as permItted by thIS SectIOn, The CIty, wIthout the consent of or notice to any Owner,
<br />from tIme to time and at any time, may alTlend thIS Ordmance 10 any manner not detnmental to the Interests
<br />of the Owners, mcludIng the cunng of any alTlblgUity, InCOnsIstency, or formal defect or omISSIOn herem. In
<br />addition, the CIty, WIth the wntten consent of Owners holdIng a maJonty In aggregate pnnclpal amount of the
<br />CertIficates then outstandIng affected thereby, may amend, add to, or rescInd any of the proVISIOns of thIS
<br />Ordmance, proVided that, WIthout the consent of all Owners of then outstandmg CertIficates, no such
<br />alTlendment, addItIOn, or reCISSIOn shall (I) extend the tIme or tImes of payment of the pnnclpal of and mterest
<br />on the CertIficates, reduce the prmcIpal amount thereof, redemptIOn pnce therefor, or the rate of mterest
<br />thereon, or In any other way modIfy the terms of payment ofthe pnnclpal of or Interest on the CertIficates, (Ii)
<br />give any preference to any CertIficate over any other Certificate, or (IiI) reduce the aggregate pnncIpal alTlount
<br />of CertIficates requued for consent to any such alTlendment, addItIOn, or reClSSIOn.
<br />
<br />SectIOn 13 02 Further Procedures
<br />
<br />The officers and employees of the CIty are hereby authonzed and duected from tIme to tIme and at any
<br />tIme to do and perform all such acts and thmgs and to execute, acknowledge and deliver in the nalTle and on
<br />behalf of and under the corporate seal of the CIty all such Instruments, whether mentIOned herein or not, as may
<br />be necessary or deSIrable In order to carry out the terms and proVISIons of thIs Ordinance, the ImtIal sale and
<br />delivery of the CertIficates, the PaYIng Agent/RegIstrar Agreement, and the OffiCIal Statement. In addItIOn,
<br />pnor to the ImtIaI delivery of the Certificates, the Mayor, the CIty Manager or Duector of FInance of the CIty,
<br />and CertIficate Counsel are hereby authonzed and duected to approve any technical changes or correctIOns to
<br />thIS Ordmance or to any of the mstruments authonzed and approved by thIS OrdInance necessary In order to
<br />(I) correct any alTlblgUlty or mIstake or properly or more completely document the transactIOns contemplated
<br />and approved by thIS OrdInance and as described In the OffiCial Statement, (ii) obtam a ratIng from any of the
<br />natIOnal bond ratIng agencIes, or (ui) obtam the approval of the Certificates by the Attorney General of Texas
<br />In the event that any officer of the City whose sIgnature shall appear on any certIficate shall cease to be such
<br />officer before the delivery of such certificate, such SIgnature nevertheless shall be valid and sufficient tor all
<br />purposes the SalTle as If such officer had remaIned In office untIl such delIvery
<br />
<br />SectIOn 13 03 SeverabIlity
<br />
<br />If any sectIOn, article, paragraph, sentence, clause, phrase or word m this OrdInance, or applicatIOn
<br />thereof to any person or cucumstance IS held to be Invalid or unenforceable, the remamder of thIS OrdInance
<br />and the applicatIOn of such sectIOn, artIcle, paragraph, sentence, clause, phrase or word to other persons and
<br />cIrcumstances nevertheless shall be valid and enforceable, and It IS hereby declared that this OrdInance would
<br />have been enacted without such Invalid or unenforceable proVISIOn,
<br />
<br />San Marcos CTRCO 2007A. Ordinance
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