Ord 2008-038 - Laserfiche WebLink

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of the holders, (ii) grant additional rights or security for the benefit of the holders, (iii) add events of default as shall not be inconsistent with the provisions of this Ordinance and that shall not materially adversely affect the interests of the holders, (iv) qualify this Ordinance under the Trust Indenture Act of 1939, as amended, or corresponding provisions of federal laws from time to time in effect, (v) obtain insurance or ratings on the Bond, (vi) obtain the approval of the Attorney General of the State Texas, or (vii) make such other provisions in regard to matters or questions arising under this Ordinance as shall not be inconsistent with the provisions of this Ordinance and that shall not in the opinion of the City's Bond Counsel materially adversely affect the interests of the holders. (b) Except as provided in paragraph (a) above, the Registered Owner of the Bond shall have the right from time to time to approve any amendment hereto '? may be deemed necessary or desirable by the City; provided, however, nothing herein contained sh? permit or be construed to permit amendment of the terms and conditions of this Ordinance or t'1? L, ' so as to: (1) Make any change in the maturity of the Bona (2) Reduce the rate of interest borne by .ne t? yid; (3) Reduce the amount of t'?t 1 ? ??cipal o, ?r redemY on premium, if any, payable on the Bond; (4) Modify the te?ms of pa??? - ?,? ?fprim ? ? of interest or redemption premium on the Bond or imps .? ?y c lul?l?? ??th res? pct to such payment; or (5) Change the minims ?ercenta ;e of the principal amount of the Bond necessary for conser? `? such al. ,?m? ??t. (c) If at anT ?ull' the ( ? v sl? ill (? ? -P .o amend this Ordinance under this Section, the City shall send by U.S. Y ail to the register d owe .?? of the Bond a copy of the proposed amendment and cause notice of ' _l. ??posed amend, -` o be published at least once in a financial publication published in T' e City , TPw York, New York or in the State of Texas. Such published notice shall briefly set fors, the natul. the proposed amendment and shall state that a copy thereof is on file at the office of the City for 11_ ?t??.,n by all holders of such Bond. (d) Whenever at any time within one year from the date of publication of such notice the City shall receive an instrument or instruments executed by the Registered Owner of the Bond, which instrument or instruments shall refer to the proposed amendment and that shall specifically consent to and approve such amendment, the City may adopt the amendment in substantially the same form. (e) Upon the adoption of any amendatory Ordinance pursuant to the provisions of this Section, this Ordinance shall be deemed to be modified and amended in accordance with such amendatory Ordinance, and the respective rights, duties, and obligations of the City and all holders of such affected Bond shall thereafter be determined, exercised, and enforced, subject in all respects to such amendment. SAN MARCOSI CO Rfdg Bonds2008:Ordinance ??