Ord 2012-014 - Laserfiche WebLink

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(5)Change the requirement with respect to Registered Owner consto such amendment. (c) If at any time the City shall desire to amend this Ordinance under this Section, the City shall send by U.S. mail to the Registered Owner a copy of the prd amendment. (d)Whenever at any time within one year from the date of publicach notice the City shall receive an instrument or instruments executed by the egistered Owner, which instrument or instruments shall refer to the proposed amendment and that shcifically 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 amendcordance with such amendatory Ordinance, and the respective rights, duties, and oblations of the City and the Registered Owner shall thereafter be determined, exercised, and enforced, subject in all respects to such amendment. (f)Any consent given by the Registered Owner of a Bond pursuant to the provisions of this Section shall be irrevocable for a period of six months from the date of such consent, and shall be conclusive and binding upon all future holders of the same Bouring such period. Such consent may be revoked at any time after six months from the date of connt by the Registered Owner who gave such consent, or by a successor in title, by filing notice th the City. For the purposes of establishing ownership of the Bonds, the Citl rely solely upon the registration of the ownership of such Bonds on the Register kepty the Paying Agent/Registrar. . In addition to all the rights and Section 18.REMEDIES IN EVENT OF DEFAULT remedies provided by the laws of the State of Texas, it is specily covenanted and agreed particularly that in the event the City (i) defaults in the payment of the principal, premium, if any, or interest on the Bonds, (ii) declares bankruptcy, or (iii) defaults in the observance or performance of any other of the covenant, agreement or obligation of the City, the failure to perform which materially adversely affects the rights of the owner, including but no limited to, their prospect or ability to be repaid in accordance with this Section and the continuation therf for a period of 60 days after notice of such default is given by any owner to the City, the fong remedies shall be available: (a) Any owner or an authorized representative thereof, includinited to, a trustee or trustees therefor, may proceed against the City for the purpose of protecting and enforcing the rights to the owner under this Ordinance, by mandamus or other st, action or special proceeding in equity or at law, in any court of competent jurisdiction, for any relief permitted by law, including the specific performance of any covenant or agreement contained in, or thereby to enjoin any act or thing that may be unlawful or in violation of any right of thr hereunder or any combination of such remedies. 29 San Marcos GORB 2012 - Delegated: Ordinance