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valid and sufficient for all purposes the same as if such officer had remained in office until such <br />delivery <br />Section 15 03 Severability <br />If any section, article, paragraph, sentence, clause, phrase or word in this Ordinance, or <br />application thereof to any person or circumstance is held to be invalid or unenforceable ,the <br />remainder of this Ordinance and the application of such section, article, paragraph, sentence, clause, <br />phrase or word to other persons and circumstances nevertheless shall be valid and enforceable, and <br />it is hereby declared that this Ordinance would have been enacted without such invalid or <br />unenforceable provision. <br />Section 15 04 No Personal Liability <br />No covenant or agreement contained in the Bonds, this Ordinance or any corollary instrument <br />shall be deemed to be the covenant or agreement of any member of the City Council or any officer, <br />agent, employee or representative of the City Council in his or her individual capacity, and neither <br />the directors, officers, agents, employees or representatives of the City Council nor any person <br />executing the Bonds shall be personally liable thereon or be subject to any personal liability for <br />damages or otherwise or accountability by reason of the issuance thereof, or any actions taken or <br />duties performed, whether by virtue of any constitution, statute or rule of law, or by the enforcement <br />of any assessment or penalty, or otherwise, all such liability being expressly released and waived as <br />a condition of and in consideration for the issuance of the Bonds <br />Section 15 OS Payment of Attorney General Fee <br />The City hereby authorizes the disbursement of a fee equal to the lesser of (i) one-tenth of one <br />percent of the principal amount of the Bonds or (ii) $9,500, provided that such fee shall not be less <br />than $750, to the Attorney General of Texas Public Finance Division for payment of the examination <br />fee charged by the State of Texas for the Attorney General's review and approval of public securities <br />and credit agreements, as required by Section 1202 004 of the Texas Government Code The <br />appropriate member of the City's staff is hereby instructed to take the necessary measures to make <br />this payment The City is also authorized to reimburse the appropriate City funds for such payment <br />from proceeds of the Bonds <br />SANMARCOS/WWWSRev200T Ordinance 49 <br />