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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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Last modified
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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contained herein, or thereby to enjoin any act or thing that may be unlawful or in violation <br />of any right of the Registered Owners hereunder or any combination of such remedies. <br />(ii) It is provided that all such proceedings shall be instituted and maintained for the <br />equal benefit of all Registered Owners of Bonds then outstanding. <br />(c) Remedies Not Exclusive. <br />(i) No remedy herein conferred or reserved is intended to be exclusive of any other <br />available remedy or remedies, but each and every such remedy shall be cumulative and shall <br />be in addition to every other remedy given hereunder or under the Bonds or now or hereafter <br />existing at law or in equity; provided, however, that notwithstanding any other provision of <br />this First Supplement, the right to accelerate the debt evidenced by the Bonds shall not be <br />available as a remedy under this First Supplement. <br />(ii) The exercise of any remedy herein conferred or reserved shall not be deemed a <br />waiver of any other available remedy. <br />(iii) By accepting the delivery of a Bond authorized under this First Supplement, <br />such Registered Owner agrees that the certifications required to effectuate any covenants or <br />representations contained in this First Supplement do not and shall never constitute or give <br />rise to a personal or pecuniary liability or charge against the officers, employees or trustees <br />of the City or the City Council. <br />(iv) None of the members of the City Council, nor any other official or officer, <br />agent, or employee of the City, shall be charged personally by the Registered Owners with <br />any liability, or be held personally liable to the Registered Owners under any term or <br />provision of this First Supplement, or because of any Event of Default or alleged Event of <br />Default under this First Supplement. <br />Section 7.12. RULES OF INTERPRETATION. For purposes of this First Supplement, <br />except as otherwise expressly provided or the context otherwise requires: <br />(a) The words "herein," "hereof' and "hereunder" and other similar words refer to this First <br />Supplement as a whole and not to any particular Article, Section, or other subdivision. <br />(b) The definitions in an Article are applicable whether the terms defined are used in the <br />singular or the plural. <br />(c) All accounting terms that are not defined in this First Supplement have the meanings <br />assigned to them in accordance with then applicable accounting principles. <br />(d) Any pronouns used in this First Supplement include both the singular and the plural and <br />cover both genders. <br />(e) Any terms defined elsewhere in this First Supplement have the meanings attributed to <br />SanMARCOS \ElectricUtilSysRevBonds \2013: 1 stSuppOrdinance 28 <br />
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