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<br />ARTICLE XIII
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<br />AMENDMENTS; FURTHER PROCEDURES; AND SEVERABILITY
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<br />SectIOn 13,01 Amendments.
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<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This Ordmance shall not be amended or repealed by the City whIle any CertIficate remams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 amend thIS Ordmance m any manner not detrimental to the
<br />interests of the Owners, mcludmg the curing of any ambiguity, mconsistency, or formal defect or omISSIon
<br />herem. In additIon, the City, with the written consent of Owners holding a majority in aggregate princIpal
<br />amount of the Certificates then outstanding affected thereby, may amend, add to, or rescind any of the
<br />provisions of thIS Ordinance; provided that, without the consent of all Owners of then outstanding
<br />CertIficates, no such amendment, addition, or recIssion shall (i) extend the time or tImes of payment of the
<br />pnncipal of and mterest on the Certificates, reduce the prinCIpal amount thereof, redemptIon pnce therefor,
<br />or the rate of mterest thereon, or in any other way modify the terms of payment of the principal of or interest
<br />on the Certificates, (ii) give any preference to any Certificate over any other Certificate, or (iii) reduce the
<br />aggregate principal amount of Certificates required for consent to any such amendment, addition, or
<br />reCISSIon.
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<br />SectIOn 13.02. Further Procedures,
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<br />The officers and employees of the CIty are hereby authonzed and directed from tIme to tIme and at
<br />any tIme to do and perform all such acts and things and to execute, acknowledge and deliver m the name and
<br />on behalf of and under the corporate seal of the CIty all such instruments, whether mentioned herein or not,
<br />as may be necessary or deSIrable in order to carry out the terms and proviSIOns of this Ordmance, the m1tIal
<br />sale and dehvery of the CertIficates, the Paymg Agent/RegIstrar Agreement, and the OffiCIal Statement. In
<br />addItIon, pnor to the initial dehvery of the CertIficates, the Mayor, the CIty Manager or DIrector ofFmance
<br />of the CIty, and CertIficate Counsel are hereby authorized and directed to approve any technical changes or
<br />correctIOns to thiS Ordinance or to any of the instruments authonzed and approved by thIS Ordmance
<br />necessary in order to (i) correct any ambIgUIty or mIstake or properly or more completely document the
<br />transactIOns contemplated and approved by this Ordmance and as described in the Official Statement, (11)
<br />obtam a ratmg from any of the national bond rating agencies, or (iii) obtam the approval of the CertIficates
<br />by the Attorney General of Texas. In the event that any officer of the City whose SIgnature shall appear on
<br />any certIficate shall cease to be such officer before the delIvery of such certIficate, such signature
<br />nevertheless shall be valid and suffiCIent tor all purposes the same as If such officer had remamed m office
<br />until such dehvery.
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<br />SectIon 13,03. Severability.
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<br />If any sectIon, artIcle, paragraph, sentence, clause, phrase or word m thIS Ordmance, or apphcatlOn
<br />thereof to any person or circumstance IS held to be mvalid or unenforceable, the remamder OfthIS Ordmance
<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
<br />would have been enacted without such invalid or unenforceable provision.
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<br />R.ISan MarcoslCO 041DocslOrdinancelCO Ord Final wpd 31
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