Laserfiche WebLink
1 <br /> The City will take such actions as are found necessary to ensure that all necessary and <br /> proper fees, compensation and expenses of the Escrow Agent shall be paid when due. <br /> Section 17. Undertaking to Provide Ongoing Disclosure. The Chief Financial Officer <br /> is hereby authorized to enter into a written undertaking for the benefit of the owners of the Bonds <br /> as required by Section(b)(5) of the Rule(the"Continuing Disclosure Agreement"). <br /> Section 18. Amendments. <br /> (a) The Council from time to time and at any time may pass an ordinance or <br /> ordinances supplemental hereof,which ordinance or ordinances thereafter shall become a part of <br /> this ordinance, for any one or more or all of the following purposes: <br /> (1) To add to the covenants and agreements of the City in this ordinance, <br /> other covenants and agreements thereafter to be observed, which shall not adversely affect the <br /> interests of the holders of any Parity Bonds, or to surrender any right or power herein reserved. <br /> (2) To make such provisions for the purpose of curing any ambiguities or of <br /> curing, correcting or supplementing any defective provision contained in this ordinance or any <br /> ordinance authorizing future Parity Bonds in regard to matters or questions arising under such <br /> ordinances as the Council may deem necessary or desirable and not inconsistent with such <br /> ordinances and which shall not adversely affect, in any material respect, the interest of the <br /> holders of Parity Bonds. <br /> Any such supplemental ordinance may be adopted without the consent of the holders of <br /> any Parity Bonds at any time outstanding, notwithstanding any of the provisions of <br /> subsection(b) of this section. <br /> (b) With the consent of the holders of not less than 65% in aggregate principal <br /> amount of the Parity Bonds at the time outstanding, the Council may pass an ordinance or <br /> -';:I P:120287 CMW120287 8N9 10/11/16 <br />