Ord 2006-017 - Laserfiche WebLink

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I I I phrase or word to other persons and circumstances nevertheless shall be valid and enforceable; and it is hereby declared that this Ordinance would have been enacted without such invalid or unenforceable provision. Section 15.04. No Personal Liability. No covenant or agreement contained in the Bonds, this Ordinance or any corollary instrument shall be deemed to be the covenant or agreement of any member of the City Councilor any officer, agent, employee or representative of the City Council in his or her individual capacity, and neither the directors, officers, agents, employees or representatives of the City Council nor any person executing the Bonds shall be personally liable thereon or be subject to any personal liability for damages or otherwise or accountability by reason ofthe issuance thereof, or any actions taken or duties performed, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty, or otherwise, all such liability being expressly released and waived as a condition of and in consideration for the issuance of the Bonds. Section 15.05. Payment of Attorney General Fee. The City hereby authorizes the disbursement of a fee equal to the lesser of (i) one-tenth of one percent of the principal amount of the Bonds or (ii) $9,500, provided that such fee shall not be less than $750, to the Attorney General of Texas Public Finance Division for payment of the examination fee charged by the State of Texas for the Attorney General's review and approval of public securities and credit agreements, as required by Section 1202.004 of the Texas Government Code. The appropriate member ofthe City's staff is hereby instructed to take the necessary measures to make this payment. The City is also authorized to reimburse the appropriate City funds for such payment from proceeds of the Bonds. ARTICLE XVI EMERGENCY DECLARATION Section 16.01. Emergency Declaration. The public importance of this measure and the fact that it is to the best interest of the City to provide funds for the proposed public improvements at the earliest possible date, for the immediate preservation ofthe public peace, health and safety, constitutes and creates an emergency and an urgent public necessity requiring that the Charter rules requiring ordinances to be read on three several days and that no ordinance shall become effective until the expiration often (10) days following the date of its final passage be dispensed with for the purpose of adopting this Ordinance as an emergency measure; and said Charter rules are hereby dispensed with, and this Ordinance is accordingly passed as an emergency measure, effective and in force immediately upon and after its passage. SANMARCOS/WWWSRev2006-2: Ordinance 48