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Ordinance 1891-92
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Ordinance 1891-92
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5/2/2017 9:42:01 AM
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Ordinances
Ordinance Number
1891-92
Date
9/23/1992
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It shall not be necessary for the consent of bondholders <br /> under this---subsection B to approve the particular form of any <br /> proposed supplemental ordinance, but it shall be sufficient if <br /> such consent shall approve the substance thereof. <br /> C. Upon the adoption of any supplemental ordinance <br /> pursuant to the provisions of this section, this ordinance shall <br /> be deemed to be modified and amended in accordance therewith, and <br /> the respective rights, duties and obligations of the City under <br /> this ordinance and all holders of Parity Bonds outstanding <br /> hereunder shall thereafter be determined, exercised and enforced <br /> thereunder, subject in all respects to such modification and <br /> amendments, and all terms and conditions of any such supplemental <br /> ordinance shall be deemed to be part of the terms and conditions <br /> of this ordinance for any and all purposes . <br /> D. Parity Bonds executed and delivered after the <br /> execution of any supplemental ordinance passed pursuant to the <br /> provisions of this section may have a notation as to any matter <br /> provided for in such supplemental ordinance, and if such <br /> supplemental ordinance shall so provide, new bonds so modified as <br /> to conform, in the opinion of the Council, to any modification of <br /> this ordinance contained in any such supplemental ordinance, may <br /> be prepared and delivered without cost to the holders of any <br /> affected Parity Bonds then outstanding, upon surrender for <br /> cancellation of such bonds with all unmatured coupons and all <br /> matured coupons not fully paid, in equal aggregate principal <br /> amounts . <br /> 73 FWW003.DCC 92/09/21 <br />
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