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<br />will have been) duly authorized by all necessary action on the <br /> <br />part of CITY. <br />(c) <br /> <br />Neither this Agreement nor the agreements <br /> <br />substantially in the foem of Exhibits 15 and 16 attached to this <br /> <br />Agreement shall contravene any law or any governmental rule, <br /> <br />regulation or order applicable to CITY. <br /> <br />(d) <br /> <br />The execution, delivery and performance of neither <br /> <br />this Agreement nor that of the agreements attached to this <br />Agreement as Exhibits 15 and 16 shall contravene the provisions of <br /> <br />or constitute a default under the terms of any indenture, <br /> <br />mortgage, contract, resolution or other instrument to which CITY <br /> <br />is a party or by which CITY is bound. <br /> <br />(e) <br /> <br />Except as set forth in the most recent financial <br /> <br />reports made by the independent Certified Public Accountants of <br /> <br />CITY (copies of which have previously been provided to LCRA) and <br /> <br />as otherwise made known to LCRA in writing prior to the Closing, <br /> <br />there are no actions, suits, inquiries or proceedings pending or <br /> <br />to the knowledge of officials of CITY, threatened against or <br /> <br />affecting CITY before any court or administrative body or agency <br />which might materially adversely affect the CITY's proposal, <br /> <br />approval or adoption of the resolution authorizing, or the <br /> <br />execution, delivery or performance by CITY of this Agreement <br />or the agreements attached as Exhibits 15 and 16 to this <br /> <br />A9reement. <br /> <br />24. <br />