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(b) No remedy herein conferred or reserved is intended to be exclusive of any other available <br />remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to <br />every other remedy given hereunder or under the Bonds or now or hereafter existing at law or in <br />equity; provided, however, that notwithstanding any other provision of this Ordinance, the right to <br />accelerate the debt evidenced by the Bonds shall not be availabl as a remedy under this Ordinance. <br />The exercise of any remedy herein conferred or reserved shall no deemed a waiver of any other <br />available remedy. <br />. No recourse shall be had <br />Section 19. NO RECOURSE AGAINST CITY OFFICIALS <br />for the payment of principal of or interest on the Bonds or for any claim based thereon or on this <br />Ordinance against any official of the City or any person executi Bond. <br />. The Mayor, the City Manager and all other officers <br />Section 20. FURTHER ACTIONS <br />and employees of the City are hereby authorized, empowered and dime to time and at <br />any time to do and perform all such acts and things and to execute, acknowledge and deliver in the <br />name and under the corporate seal and on behalf of the City all such instruments, whether or not <br />herein mentioned, as may be necessary or desirable in order to carry out the terms and provisions of <br />this Ordinance and the Bonds. In addition, prior to the initialf the Bonds, the Mayor, the <br />City Manager, the Director of Finance and Bond Counsel are herebuthorized and directed to <br />approve any changes or corrections to this Ordinance or to any otruments authorized and <br />approved by this Ordinance necessary in order to (i) correct any ambiguity or mistake or properly or <br />more completely document the transactions contemplated and approved by this Ordinance, (ii) obtain <br />a rating from any of the national bond rating agencies or satisf requirements of any bond insurer, or <br />(iii) obtain the approval of the Bond by the Texas Attorney Geneffice. <br />In case any officer of the City whose signature shall appear on onds shall cease to be <br />such officer before the delivery of such Bonds, such signature svertheless be valid and sufficient <br />for all purposes the same as if such officer had remained in ofe until such delivery. <br />. Chapter 1208, Government Code, applies to the issuance of <br />Section 21. PERFECTION <br />the Bond and the pledge of ad valorem taxes granted by the City on 8 of this Ordinance, <br />and such pledge is therefore valid, effective and perfected. If Texas law is amended at any time while <br />the Bond is outstanding and unpaid such that the pledge of ad vaem taxes granted by the City <br />under Section 8 of this Ordinance is to be subject to the filingements of Chapter 9, Business <br />& Commerce Code, then in order to preserve to the Registered Owner of the Bonds the perfection <br />of the security interest in said pledge, the City agrees to takech measures as it determines are <br />reasonable and necessary under Texas law to comply with the applble provisions of Chapter 9, <br />Business & Commerce Code and enable a filing to perfect the security interest in said pledge to occur. <br /> All terms defined herein and all pronouns used in this <br />Section 22. INTERPRETATIONS. <br />Ordinance shall be deemed to apply equally to singular and plural and to all genders. The titles and <br />headings of the articles and sections of this Ordinance have been inserted for convenience of reference <br />only and are not to be considered a part hereof and shall not in any way modify or restrict any of the <br />terms or provisions hereof. This Ordinance and all the terms and provisions hereof shall be liberally <br />30 <br />San Marcos GORB 2012 - Delegated: Ordinance <br /> <br />