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Ord 2013-023/Electric System Revenue Bonds in an amount not to exceed $19,500,000
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Ord 2013-023/Electric System Revenue Bonds in an amount not to exceed $19,500,000
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4/3/2014 11:14:12 AM
Creation date
6/10/2013 10:44:52 AM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Certificates of Obligation
Number
2013-23
Date
4/2/2013
Volume Book
196
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City may deem necessary or desirable and which shall not, in the judgment of the <br />City, materially adversely affect the interests of the Owners of the Outstanding <br />Bonds; <br />(v) To make any changes or amendments requested by the State <br />Attorney General's Office as a condition to the approval of the Bonds, which changes <br />or amendments do not, in the judgment of the City, materially adversely affect the <br />interests of the Owners of the Outstanding Bonds; or <br />(vi) To make any changes or amendments requested by any bond <br />rating agency then rating or requested to rate the Bonds, as a condition to the <br />issuance or maintenance of a rating, which changes or amendments do not, in the <br />judgment of the City, materially adversely affect the interests of the Owners of the <br />Outstanding Bonds. <br />Section 6.02. AMENDMENTS OR MODIFICATIONS WITH CONSENT OF <br />OWNERS OF BONDS. (a) Amendments. Subject to the other provisions of this First Supplement, <br />the Master Ordinance and the consent of the Bond Insurer, the Owners of Outstanding Bonds <br />aggregating a majority in Outstanding Principal Amount shall have the right from time to time to <br />approve any amendment, other than amendments described in Section 6.01 hereof, to this First <br />Supplement that maybe deemed necessary or desirable by the City, provided, however, that nothing <br />herein contained shall permit or be construed to permit, without the approval of the Owners of all <br />of the Outstanding Bonds, the amendment of the terms and conditions in this First Supplement or <br />in the Bonds so as to: <br />(i) Make any change in the maturity of the Outstanding Bonds; <br />(ii) Reduce the rate of interest borne by Outstanding Bonds; <br />(iii) Reduce the amount of the principal payable on Outstanding <br />Bonds; <br />(iv) Modify the terms of payment of principal of or interest on the <br />Outstanding Bonds, or impose any conditions with respect to such payment; <br />(v) Affect the rights of the Owners of less than all Bonds then <br />Outstanding; or <br />(vi) Change the minimum percentage of the Outstanding Principal <br />Amount of Bonds necessary for consent to such amendment. <br />(b) Notice. If at any time the City shall desire to amend this First Supplement pursuant <br />to Subsection (a), the City shall cause notice of the proposed amendment to be published in a <br />financial newspaper or j oumal of general circulation in the City of New York, New York (including, <br />but not limited to, The Bond Buy or The Wall Street Journal) or in the State (including, but not <br />limited to, The Texas Bond Reporter), once during each calendar week for at least two successive <br />calendar weeks or disseminated by electronic means customarily used to convey notices of <br />SanMARCOS \ElectricUtilSysRevBonds \2013: 1stSuppOrdinance 19 <br />
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