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Ord 2025-013 authorizing the issuance and sale of an approximate amount of $30,450,000.00 of Waterworks and Wastewater System Revenue Bonds, Series 2025, pledging the revenues of the water and wastewater system in support of the bonds
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Ord 2025-013 authorizing the issuance and sale of an approximate amount of $30,450,000.00 of Waterworks and Wastewater System Revenue Bonds, Series 2025, pledging the revenues of the water and wastewater system in support of the bonds
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4/30/2025 4:37:05 PM
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City Clerk - Document
Ordinances
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Approving
Number
2025-013
Date
4/15/2025
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protecting and enforcing the rights of the Registered Owners under this First <br /> Supplement, by mandamus or other suit, action or special proceeding in equity or <br /> at law, in any court of competent jurisdiction, for any relief permitted by law, <br /> including the specific performance of any covenant or agreement contained herein, <br /> or thereby to enjoin any act or thing that may be unlawful or in violation of any <br /> right of the Registered Owners hereunder or any combination of such remedies. <br /> (ii) It is provided that all such proceedings shall be instituted and maintained for <br /> the equal benefit of all Registered Owners of Bonds then outstanding. <br /> (c) Remedies Not Exclusive. <br /> (i) No remedy herein conferred or reserved is intended to be exclusive of any other <br /> available remedy or remedies,but each and every such remedy shall be cumulative <br /> and shall be in addition to every other remedy given hereunder or under the Bonds <br /> or now or hereafter existing at law or in equity; provided, however, that <br /> notwithstanding any other provision of this First Supplement,the right to accelerate <br /> the debt evidenced by the Bonds shall not be available as a remedy under this First <br /> Supplement. <br /> (ii) The exercise of any remedy herein conferred or reserved shall not be deemed <br /> a waiver of any other available remedy. <br /> (iii) By accepting the delivery of a Bond authorized under this First Supplement, <br /> such Registered Owner agrees that the certifications required to effectuate any <br /> covenants or representations contained in this First Supplement do not and shall <br /> never constitute or give rise to a personal or pecuniary liability or charge against <br /> the officers, employees or trustees of the City or the City Council. <br /> (iv) None of the members of the City Council, nor any other official or officer, <br /> agent, or employee of the City, shall be charged personally by the Registered <br /> Owners with any liability, or be held personally liable to the Registered Owners <br /> under any term or provision of this First Supplement, or because of any Event of <br /> Default or alleged Event of Default under this First Supplement. <br /> Section 7.12. RULES OF INTERPRETATION. For purposes of this First <br /> Supplement, except as otherwise expressly provided or the context otherwise requires: <br /> (a) The words "herein," "hereof' and "hereunder" and other similar words refer to <br /> this First Supplement as a whole and not to any particular Article, Section, or other <br /> subdivision. <br /> (b) The definitions in an Article are applicable whether the terms defined are used <br /> in the singular or the plural. <br /> 29 <br /> San Marcos I WWSRB 2025 1 Pt Supplemental Ordinance <br />
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