Ord 2008-037 - Laserfiche WebLink

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(iii) Such other financial information regarding the City as the Purchaser shall reasonably request. ARTICLE XIII AMENDMENTS; FURTHER PROCEDURES; AND SEVERABILITY Section 13.01. Amendments. This Ordinance shall not be amended or repealed by the City while any Certificate remains outstanding, except as permitted by this Section. The City, without the consent of or notice to any Owner, from time to time and at any time, may amend this Ordinance in any manner not detrimental to the interests of the Owners, including the curing of any ambiguity, inconsistency, or formal defect or omission herein. In addition, the City, with the written consent of Owners holding a majority in aggregate principal amount of the Certificate then outstanding affected thereby, may amend, add to, or rescind any of the provisions of this Ordinance; provided that, without the consent of all Owners of then outstanding Certificate, no such amendment, addition, or recission shall (i) extend the time or times of payment of the principal of and interest on the Certificate, reduce the principal amount thereof, prepayment price therefor, or the rate of interest thereon, or in any other way modify the terms of payment of the principal of or interest on the Certificate, (ii) give any preference to any Certificate over any other Certificate, or (iii) reduce the aggregate principal amount of the Certificate required for consent to any such amendment, addition, or recission. Section 13.02. Further Procedures. The officers and employees of the City are hereby authorized and directed from time to time and at any time to do and perform all such acts and things and to execute, acknowledge and deliver in the name and on behalf of and under the corporate seal of the City all such instruments, whether mentioned herein or not, as may be necessary or desirable in order to carry out the terms and provisions ofthis Ordinance, the initial sale and delivery ofthe Certificate, the Paying Agent/Registrar Agreement, and the Official Statement. In addition, prior to the initial delivery of the Certificate, the Mayor, the City Manager or Chief Financial Officer of the City, and Bond Counsel are hereby authorized and directed to approve any technical changes or corrections to this Ordinance or to any of the instruments authorized and approved by this Ordinance necessary in order to (i) correct any ambiguity or mistake or properly or more completely document the transactions contemplated and approved by this Ordinance and as described in the Official Statement, (ii) obtain a rating from any of the national bond rating agencies, or (iii) obtain the approval of the Certificate by the Attorney General of Texas. In the event that any officer of the City whose signature shall appear on any certificate shall cease to be such officer before the delivery of such certificate, such signature nevertheless shall be valid and sufficient for all purposes the same as if such officer had remained in office until such delivery. San Marcos CTRCO 2008A: Ordinance 32