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a ' <br /> provisions of this section may have a notation as to any matter • <br /> provided for in such supplemental ordinance, and if such supple- <br /> mental ordinance shall so provide, new bonds so modified as to <br /> conform in the opinion of the Council, to any modification of this <br /> ordinance contained in any such supplemental ordinance, may be <br /> prepared and delivered without cost to the holders of any affected <br /> Bonds then outstanding, upon surrender for cancellation of such <br /> bonds with all unmatured coupons and all matured coupons not fully <br /> paid, in equal aggregate principal amounts. <br /> Section 21 . Severability. If any one or more of the cove- <br /> nants or agreements provided in this ordinance to be performed on <br /> the part of the City shall be declared by any court of competent <br /> jurisdiction to be contrary to law, then such covenant or cove- <br /> nants, agreement or agreements, shall be null and void and shall <br /> be deemed separable from the remaining covenants and agreements in <br /> this ordinance and shall in no way affect the validity of the <br /> other provisions of this ordinance or of any of the Bonds. <br /> Section 22 . General Authorization. The Mayor, the Finance <br /> Director, and the Clerk of the City and each of the other appro- <br /> priate officers of the City are each hereby authorized and direc- <br /> ted to take such steps, to do such other acts and things, and to <br /> execute such letters, certificates, agreements, papers, financing <br /> statements, assignments or instruments as in their judgment may be <br /> necessary, appropriate or desirable in order to carry out the <br /> terms and provisions of, and complete the transactions contem- <br /> plated by, this ordinance. <br /> Section 23 . Not Arbitrage Bonds; Not Industrial Development <br /> Bonds. The City covenants and agrees that throughout the term of <br /> the Bonds no part of the proceeds of the Bonds or any other moneys <br /> or obligations held under this ordinance shall at any time be used <br /> for any purpose, nor shall the City take any other action, which <br /> would casue any Bond to be (i ) an "arbitrage bond" under Section <br /> -26- BD339 81/12/22 <br />