Ordinance 3405-14 - Laserfiche WebLink

(5) to evidence or give effect to, or to conform to the terms and provisions of, any Credit Facility; (6) to facilitate and implement any book entry system (or any termination of a book entry system) with respect to the Bonds; (7) to maintain the exclusion from gross income of interest payable with respect to the Bonds; or (8) to make any modification or amendment to this ordinance which will be effective upon the remarketing of the Bonds following the mandatory tender of such Bonds, (c) As a condition precedent to the passage by the City Council of any such Supplemental Ordinance permitted by this Article, the City shall receive an Opinion of Counsel to the effect that the passage of such Supplemental Ordinance is authorized under this ordinance. Section 8.02. Effect of Supplemental Ordinance. Upon the passage of any Supplemental Ordinance pursuant to this Article, this ordinance shall be deemed to be modified and amended in accordance therewith, and the respective rights, duties and obligations under this ordinance of the City, the Bond Registrar and all Registered Owners of Bonds Outstanding shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modification and amendment, and all the terms and conditions of any such Supplemental Ordinance shall be deemed to be part of the terms and conditions of this ordinance for any and all purposes. Section 8.03. Endorsement of Bonds; Preparation of New Bonds. Bonds delivered after the passage of any Supplemental Ordinance pursuant to this Article may, and if the City so determines shall, bear a notation by endorsement or otherwise in form approved by the City as to any modification or amendment provided for in such Supplemental Ordinance, and, in that case, -103- P120287 CMVV120287 AMT 10/14/14