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Ord 2002-054
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Ord 2002-054
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Last modified
9/18/2007 4:20:46 PM
Creation date
6/26/2006 4:41:53 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2002-54
Date
8/12/2002
Volume Book
148
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<br />matters or questions arising under this Ordinance, as are necessary or desirable and not contrary to or <br />inconsistent with this Ordinance and which shall not adversely affect the interests or the Owners of the Parity <br />Revenue Obligations; <br /> <br />(3) To make any changes or amendments requested by any Rating Agency as a condition <br />to the issuance or maintaining of a rating, which changes or amendments, in the judgment of the City, will <br />not materially adversely affect the interests of the Owners of the outstanding Parity Revenue Obligations; <br /> <br />(4) To make such changes, modifications or amendments to the Ordinance as may be <br />necessary or desirable, which shall not adversely affect the interests of the Owners of the outstanding Parity <br />Revenue Obligations, in order, to the extent permitted by law, to facilitate the use of credit agreements with <br />respect to the Parity Revenue Obligations, including, without limitation, addressing the amortization of <br />payments due and owning under a credit agreement; <br /> <br />(5) To modify any of the provisions of this Ordinance in any other respect <br />whatever, provided that (i) such modification shall be, and be expressed to be, effective only after all Parity <br />Revenue Obligations outstanding at the date of the adoption of such modification shall cease to be <br />outstanding, and (ii) such modification shall be specifically referred to in the text of all Parity Revenue <br />Obligations issued after the date of the adoption of such modification. <br /> <br />Notice of any such amendment made pursuant to this subsection (h) may be published or given in <br />the manner provided in subsection (b) of this Section; provided that the publication of such notice shall not <br />constitute a condition precedent to the adoption of such amending ordinance and the failure to publish such <br />notice shall not adyersely affect the implementation of such amendment as adopted. <br /> <br />(a) This Ordinance shall not be amended or repealed by the City while any Bond remains <br />outstanding, except as permitted by this Section. <br /> <br />(b) The City, without the consent of or notice to any Owner, from time to time and at any time, <br />may amend this Ordinance in any manner not detrimental to the interests of the Owners, including the curing <br />of any ambiguity, inconsistency, or formal defect or omission herein. <br /> <br />Section 16.02. Further Procedures. <br /> <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 /> <br />RISan Marcos\EUS Rfdg.02IDocsIOrdinance\Final.wpd <br /> <br />46 <br />
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