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<br />ARTICLE XV
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<br />AMENDMENTS; FURTHER PROCEDURES; AND SEVERABILITY
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<br />Section 15.01. Amendments.
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<br />This Ordinance shall not be amended or repealed by the City while any Bond remains
<br />outstanding, except as permitted by this Section. The City, without the consent of or notice to any
<br />Owner, from time to time and at any time, may amend this Ordinance in any manner not
<br />detrimental to the interests of the Owners, including the curing of any ambiguity, inconsistency,
<br />or formal defect or omission herein. In addition, the City, with the written consent of Owners
<br />holding a majority in aggregate principal amount of the Bonds then outstanding affected thereby,
<br />may amend, add to, or rescind any of the provisions of this Ordinance; provided that, without the
<br />consent of all Owners of then outstanding Bonds, no such amendment, addition, or recission shall
<br />(i) extend the time or times of payment of the principal of and interest on the Bonds, reduce the
<br />principal amount thereof, redemption price therefor, or the rate of interest thereon, or in any other
<br />way modify the terms of payment ofthe principal of or interest on the Bonds, (ii) give any preference
<br />to any Bond over any other Bond, or (iii) reduce the aggregate principal amount of Bonds required
<br />for consent to any such amendment, addition, or recission.
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<br />Section 15.02. Further Procedures.
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<br />The officers and employees of the City are hereby authorized and directed from time to time
<br />and at any time to do and perform all such acts and things and to execute, acknowledge and deliver
<br />in the name and on behalf of and under the corporate seal of the City all such instruments, whether
<br />mentioned herein or not, as may be necessary or desirable in order to carry out the terms and
<br />provisions of this Ordinance, the initial sale and delivery of the Bonds, the Paying Agent/Registrar
<br />Agreement, and the Official Statement. In addition, prior to the initial delivery of the Bonds, the
<br />Mayor, the City Manager or Director of Finance ofthe City, and Bond Counsel are hereby authorized
<br />and directed to approve any technical changes or corrections to this Ordinance or to any of the
<br />instruments authorized and approved by this Ordinance necessary in order to (i) correct any
<br />ambiguity or mistake or properly or more completely document the transactions contemplated and
<br />approved by this Ordinance and as described in the Official Statement, (ii) obtain a rating from any
<br />ofthe national bond fating agencies, or (iii) obtain the approval ofthe Bonds by the Attorney General
<br />of Texas. In the event that any officer of the City whose signature shall appear on any certificate
<br />shall cease to be such officer before the delivery of such certificate, such signature nevertheless shall
<br />be valid and sufficient tor all purposes the same as if such officer had remained in office until such
<br />delivery.
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<br />Section 15.03. Severability.
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<br />If any section, article, paragraph, sentence, clause, phrase or word in this Ordinance, or
<br />application thereof to any person or circumstance is held to be invalid or unenforceable , the
<br />remainder ofthis Ordinance and the application of such section, article, paragraph, sentence, clause,
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<br />SANMARCOSIWWWSRev2006-2: Ordinance
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