Laserfiche WebLink
Section 14.03. Severability. <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 of this Ordinance and the application of such section, article, paragraph, sentence, <br />clause, phrase or word to other persons and circumstances nevertheless shall be valid and <br />enforceable; and it is hereby declared that this Ordinance would have been enacted without such <br />invalid or unenforceable provision. <br />Section 14.04. No Personal Liability. <br />No covenant or agreement contained in the Bonds, this Ordinance or any corollary <br />instrument shall be deemed to be the covenant or agreement of any member of the City Council <br />or any officer, agent, employee or representative of the City Council in his or her individual <br />capacity, and neither the directors, officers, agents, employees or representatives of the City <br />Council nor any person executing the Bonds shall be personally liable thereon or be subject to <br />any personal liability for damages or otherwise or accountability by reason of the issuance <br />thereof, or any actions taken or duties performed, whether by virtue of any constitution, statute or <br />rule of law, or by the enforcement of any assessment or penalty, or otherwise, all such liability <br />being expressly released and waived as a condition of and in consideration for the issuance of the <br />Bonds. <br />Section 14.05. Payment of Attorney General Fee. <br />The City hereby authorizes the disbursement of a fee equal to the lesser of (i) one-tenth of <br />one percent of the principal amount of the Bonds or (ii) $9,500, provided that such fee shall not <br />be less than $750, to the Attorney General of Texas Public Finance Division for payment of the <br />examination fee charged by the State of Texas for the Attorney General's review and approval of <br />public securities and credit agreements, as required by Section 1202.004 of the Texas <br />Government Code. The appropriate member of the City's staff is hereby instructed to take the <br />necessary measures to make this payment. The City is also authorized to reimburse the <br />appropriate City funds for such payment from proceeds of the Bonds. <br />COMPLIANCE WITH THE TEXAS WATER DEVELOPMENT BOARD'S <br />RULES AND REGULATIONS <br />Section 15.01. Compliance with the Texas Water Development Board's Rules and <br />Regulations. <br />(a) General. The City covenants to comply with the rules and regulations of the TWDB, <br />and to maintain insurance on the District's System in that amount required by the TWDB. <br />SANMARCOS/W W W SRev2017A: Ordinance <br />44 <br />