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ARTICLE XV
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<br />AMENDMENTS; FURTHER PROCEDURES; AND SEVERABILITY
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<br />Section 15.01. Amendments.
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<br /> This Ordinance shall not be amended or repealed by the City while any Bond remains outstanding,
<br />except as permitted by this Section. The City, without the consent of or notice to any Owner, from time
<br />to time and at any time, may amend this Ordinance in any manner not detrimental to the interests of the
<br />Owners, including the curing of any ambiguity, inconsistency, or formal defect or omission herein. In
<br />addition, the City, with the written consent of Owners holding a majority in aggregate principal amount of
<br />the Bonds then outstanding affected thereby, may amend, add to, or rescind any of the provisions of this
<br />Ordinance; provided that, without the consent of all Owners of then outstanding Bonds, no such amendment,
<br />addition, or recission shall (i) extend the time or times of payment of the principal of and interest on the
<br />Bonds, reduce the principal amount thereof, redemption price therefor, or the rate of interest thereon, or in
<br />any other way modify the terms of payment of the principal of or interest on the Bonds, (ii) give any
<br />preference to any Bond over any other Bond, or (iii) reduce the aggregate principal amount of Bonds
<br />required for consent to any such amendment, addition, or recission.
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<br />Section 15.02. Further Procedures.
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<br /> The officers and employees of the City are hereby authorized and directed from time to time and at
<br />any time to do and perform all such acts and things and to execute, acknowledge and deliver in the name and
<br />on behalf of and under the corporate seal of the City all such instruments, whether mentioned herein or not,
<br />as may be necessary or desirable in order to carry out the terms and provisions of this Ordinance, the initial
<br />sale and delivery of the Bonds, the Paying Agent/Registrar Agreement, and the Official Statement. In
<br />addition, prior to the initial delivery of the Bonds, the Mayor, the City Manager or Director of Finance of
<br />the City, and Bond Counsel are hereby authorized and directed to approve any technical changes or
<br />corrections to this Ordinance or to any of the instruments authorized and approved by this Ordinance
<br />necessary in order to (i) correct any ambiguity or mistake or properly or more completely document the
<br />transactions contemplated and approved by this Ordinance and as described in the Official Statement, (ii)
<br />obtain a rating from any of the national bond rating agencies, or (iii) obtain the approval of the Bonds by the
<br />Attorney General of Texas. In the event that any officer of the City whose signature shall appear on any
<br />certificate shall cease to be such officer before the delivery of such certificate, such signature nevertheless
<br />shall be valid and sufficient tor all purpOses the same as if such officer had remained in office until such
<br />delivery.
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<br />Section 15.03. Severability.
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<br /> If any section, article, paragraph, sentence, clause, phrase or word in this Ordinance, or application
<br />thereof to any person or circumstance is held to be invalid or unenforceable, the remainder of this Ordinance
<br />and the application of such section, article, paragraph, sentence, clause, phrase or word to other persons and
<br />circumstances nevertheless shall be valid and enforceable; and it is hereby declared that this Ordinance
<br />would have been enacted without such invalid or unenforceable provision.
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