Ord 2008-038 - Laserfiche WebLink

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Section 22. NO RECOURSE AGAINST CITY OFFICIALS. No recourse shall be had for the payment of principal of or interest on the Bond or for any claim based thereon or on this Ordinance against any official of the City or any person executing any Bond. Section 23. FURTHER ACTIONS. The officers and employees of the City are hereby authorized, empowered 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 under the corporate seal and on behalf of the City all such instruments, whether or not herein mentioned, as may be necessary or desirable in order to carry out the terms and provisions of this Ordinance, the Bond, the initial sale and delivery of the Bond, the Paying Agent/Registrar Agreement and the Investment and Commitment Letter. In addition, prior to the initial delivery of _ Bond, the Mayor, is hereby authorized and directed to approve any changes or corrections to thh ???dinance or to any of the instruments authorized and approved by this Ordinance necessary in or :?r ?,? ? correct any ambiguity or mistake or properly or more completely document the transactic is contel? ' ate ? and approved by this Ordinance or (ii) obtain the approval of the Bond by the Tex ? Attorney . ?neral's office. Incase any officer of the City whose signature shall ? ?,pea? ?n any L.,?l.? shall cease to be such officer before the delivery of such Bond, such ? ? nature sh ll n? ?erthel? ?s be valid and sufficient for all purposes the same as if such officer had r-,rel. 'd in ot, P until s?? 1 delivery. Section 24. INTERPRETATIONS. All terrrh ??ined herein and all pronouns used in this Ordinance shall be deemed to apply °qually t? ' ???lar anu ? ,rni and to all genders. The titles and headings of the articles and sections., ;s 0 ??nan?. we bee ? inserted for convenience of reference only and are not to be considered a part _ ?? of and shy not in any way modify or restrict any of the terms or provisions hereof. This Ordinance ? all the ? arms and provisions hereof shall be liberally construed to effectuate the purposPr ?t forth ?_ ?;n ? _?d to sustain the validity of the Bond and the validity of the lien on and pledge ? r the ? r?loremaxes and revenues pledged to secure the payment of the Bond. Section ' :? ?CONSISTET T? .OVISIONS. All ordinances, orders or resolutions, or parts thereof Which d? ? conflict or inconsistent with any provisions of this Ordinance are hereby repealed to tri. extent of ,h conflict and the provisions of this Ordinance shall be and remain controlling as to the matters , ?????ed herein. Section 26. INTERESTED PARTIES. Nothing in this Ordinance expressed or implied is intended or shall be construed to confer upon, or to give to, any person or entity, other than the City and the registered owners of the Bond, any right, remedy or claim under or by reason of this Ordinance or any covenant, condition or stipulation hereof, and all covenants, stipulations, promises and agreements in this Ordinance contained by and on behalf of the City shall be for the sole and exclusive benefit of the City and the registered owners of the Bond. SAN MARCOSI CO Rfdg Bonds2008:Ordinance ??