My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
Ord 2008-007
San-Marcos
>
City Clerk
>
02 Ordinances
>
2000 s
>
2008
>
Ord 2008-007
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/4/2008 2:23:01 PM
Creation date
7/1/2008 3:18:00 PM
Metadata
Fields
Template:
City Clerk
City Clerk - Document
Ordinances
Number
2008-7
Date
3/4/2008
Volume Book
175
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
43
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
surrender any right or power reserved to or conferred upon the City in this First <br />Supplement; <br />(ii) To cure any ambiguity or inconsistency, or to cure or correct any defective <br />provisions contained in this First Supplement, upon receipt by the City of an Opinion <br />of Counsel, that the same is needed for such purpose, and will more clearly express <br />the intent of this First Supplement; <br />(iii) To supplement the Security for the Bonds; <br />(iv) To make such other changes in the provisions hereof, as the City may deem <br />necessary or desirable and which shall not, in the judgment of the City, materially <br />adversely affect the interests of the Owners of the Outstanding Bonds; <br />(v) To make any changes or amendments requested by the State Attorney <br />General's Office as a condition to the approval of the Bonds, which changes or <br />amendments do not, in the judgment of the City, materially adversely affect the <br />interests of the Owners of the Outstanding Bonds; or <br />(vi) To make any changes or amendments requested by any bond rating agency <br />then rating or requested to rate the Bonds, as a condition to the issuance or <br />maintenance of a rating, which changes or amendments do not, in the judgment of <br />the City, materially adversely affect the interests of the Owners of the Outstanding <br />Bonds. <br />Section 6.02. AMENDMENTS OR MODIFICATIONS WITH CONSENT OF <br />OWNERS OF BONDS. (a) Amendments. Subject to the other provisions of this First Supplement <br />and the Master Ordinance, the Owners of Outstanding Bonds aggregating a majority in Outstanding <br />Principal Amount shall have the right from time to time to approve any amendment, other than <br />amendments described in Section 6.01 hereof, to this First Supplement that may be deemed <br />necessary or desirable by the City, provided, however, that nothing herein contained shall permit <br />or be construed to permit, without the approval of the Owners of all of the Outstanding Bonds, the <br />amendment of the terms and conditions in this First Supplement or in the Bonds so as to: <br />(i) Make any change in the maturity of the Outstanding Bonds; <br />(ii) Reduce the rate of interest borne by Outstanding Bonds; <br />(iii) Reduce the amount of the principal payable on Outstanding Bonds; <br />(iv) Modify the terms of payment of principal of or interest on the Outstanding <br />Bonds, or impose any conditions with respect to such payment; <br />(v) Affect the rights of the Owners of less than all Bonds then Outstanding; or <br />(vi) Change the minimum percentage of the Outstanding Principal Amount of <br />Bonds necessary for consent to such amendment. <br />SAN MARCOS 2008: Firs[SupplementalOrdinance 16 <br />
The URL can be used to link to this page
Your browser does not support the video tag.