My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Ord 2004-073
San-Marcos
>
City Clerk
>
02 Ordinances
>
2000 s
>
2004
>
Ord 2004-073
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/4/2010 10:37:11 AM
Creation date
8/27/2007 9:05:03 AM
Metadata
Fields
Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2004-73
Date
11/8/2004
Volume Book
158
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
41
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />I <br /> <br />J <br /> <br />I <br /> <br />(b) The provisions of this Article are for the sole benefit of the Owners and beneficial owners <br />of the Certificates, and nothing in this Article, express or implied, shall give any benefit or any legal or <br />equitable right, remedy, or claim hereunder to any other person. The City undertakes to provide only the <br />financial information, operating data, financial statements, and notices which it has expressly agreed to <br />provide pursuant to this Article and does not hereby undertake to provide any other information that may be <br />relevant or material to a complete presentation of the City's financial results, condition, or prospects or <br />hereby undertake to update any information provided in accordance with this Article or otherwise, except <br />as expressly provided herein. The City does not make any representation or warranty concerning such <br />information or its usefulness to a decision to invest in or sell Certificates at any future date. <br /> <br />UNDER NO CIRCUMSTANCES SHALL THE CITY BE LIABLE TO THE OWNER OR <br />BENEFICIAL OWNER OF ANY CERTIFICATE ORANY OTHER PERSON, IN CONTRACTOR TORT, <br />FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM ANY BREACH BY THE CITY, <br />WHETHER NEGLIGENT OR WITHOUT F AUL T ON ITS P ART, OF ANY COVENANT SPECIFIED IN <br />THIS ARTICLE, BUT EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR <br />TORT, FOR OR ON ACCOUNT OF ANY SUCH BREACH, NOTWITHSTANDING ANY PROVISION <br />OF THIS ORDINANCE TO THE CONTRARY, SHALL BE LIMITED TO AN ACTION FOR <br />MANDAMUS OR SPECIFIC PERFORMANCE. <br /> <br />(c) No default by the City in observing or performing its obligations under this Article shall <br />comprise a breach of or default under the Ordinance for purposes of any other provision of this Ordinance. <br /> <br />(d) Nothing in this Article is intended or shall act to disclaim, waiver, or otherwise limit the <br />duties of the City under federal state securities laws. <br /> <br />(e) The provisions of this Article may be amended by the City from time to time to adapt to <br />changed circumstances that arise from a change in legal requirements, a change in law, or a change in the <br />identity, nature, status, or type of operations of the City, but only if (1) the provisions of this Article, as so <br />amended, would have permitted an underwriter to purchase or sell Certificates in the primary offering of the <br />Certificates in compl iance with the Rule, taking into account any amendments or interpretations of the Rule <br />to the date of such amendment, as well as such changed circumstances, and (2) either (a) the Owners of a <br />majority in aggregate principal amount (or any greater amount required by any other provision of this <br />Ordlllance that authorizes such an amendment) of the Outstanding Certificates consent to such amendment <br />or (b) a person that is unaffiliated with the City (such as nationally recognized bond counsel) determines that <br />such amendment will not materially impair the interests of the Owners and beneficial owners of the <br />Certificates The City may also repeal or amend the provisions of this Article if the SEC amends or repeals <br />the appl icable provisions of the Ru Ie or any court of final jurisd iction enters judgment that such provisions <br />of the Rule are invalid, but in either case only if and to the extent that the provisions of this sentence would <br />not prevent an underwriter from lawfully purchasing or selling Certificates in the primary offering of the <br />Certificates. If the City so amends the provisions of this Article, it shall include with any amended financial <br />information or operating data next provided in accordance with Section 12.02 an explanation, in narrative <br />form, of the reasons for the amendment and of the impact of any change in the type of financial informatIOn <br />or operating data so provided. <br /> <br />R ISan MarcoslCO 041DocslOrdll1ancelCO Ord Final.wpd 30 <br />
The URL can be used to link to this page
Your browser does not support the video tag.