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Ord 2008-009
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Ord 2008-009
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Last modified
9/4/2008 2:23:16 PM
Creation date
7/1/2008 11:53:47 AM
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Template:
City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2008-9
Date
3/4/2008
Volume Book
175
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fee charged by the State of Texas for the Attorney General's review and approval of public securities <br />and credit agreements, as required by Section 1202.004 of the Texas Government Code. The <br />appropriate member of the City's staff is hereby instructed to take the necessary measures to make <br />this payment. The City is also authorized to reimburse the appropriate City funds for such payment <br />from proceeds of the Bonds. <br />Section 14.04. 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, clause, <br />phrase or word to other persons and circumstances nevertheless shall be valid and enforceable; and <br />it is hereby declared that this Ordinance would have been enacted without such invalid or <br />unenforceable provision. <br />Section 14.05. No Personal Liability. <br />No covenant or agreement contained in the Bonds, this Ordinance or any corollary instrument <br />shall be deemed to be the covenant or agreement of any member of the City Council or any officer, <br />agent, employee or representative of the City Council in his or her individual capacity, and neither <br />the directors, officers, agents, employees or representatives of the City Council nor any person <br />executing the Bonds shall be personally liable thereon or be subject to any personal liability for <br />damages or otherwise or accountability by reason of the issuance thereof, or any actions taken or <br />duties performed, whether by virtue of any constitution, statute or rule of law, or by the enforcement <br />of any assessment or penalty, or otherwise, all such liability being expressly released and waived as <br />a condition of and in consideration for the issuance of the Bonds. <br />San Mazcos GO 2008 Ordinance 3 7 <br />
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