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Ordinance 99-86
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Ordinance 99-86
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Last modified
7/20/2010 10:36:00 AM
Creation date
1/25/2006 4:40:54 PM
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CityClerk-Ordinances
Ordinance Number
99-86
Date (mm/dd/yyyy)
12/20/1999
Description
Revenue Bond, Government Center Series, $23.3 Million.
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<br />Ordinance, except that the rights of the Bank under Sections 2.7 and 3.3(a) of this shall survive the <br />retirement of the Bond Anticipation Note. <br /> <br />SECTION 4.2 ADDITIONAL AUTHORIZATION. The Mayor, the City <br />Manager, the Finance Director and any other proper official of the City, be and each of them is <br />hereby authorized and directed to execute and deliver any and all documents and instruments and to <br />do and cause to be done any and all acts and things necessary or proper for carrying out the <br />transactions contemplated by this Ordinance. <br /> <br />SECTION 4.3 SEVERABILITY OF INVALID PROVISIONS. If anyone or <br />more of the covenants, agreements or provisions of this Ordinance should be held contrary to any <br />express provision of law or contrary to the policy of express law, though not expressly prohibited, <br />or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, <br />agreements or provisions shall be null and void and shall be deemed separate from the remaining <br />covenants, agreements or provisions, and shall in no way affect the validity of any of the other <br />provisions of this Ordinance or of the Bond or the Bond Anticipation Note issued hereunder. <br /> <br />SECTION 4.4 WAIVER OF JURY TRIAL. The City, in consideration of the <br />purchase of the Bond Anticipation Note by the Bank, and the Bank, by its acceptance of the Bond <br />Anticipation Note, each mutually and willingly waive the right to a trial by a jury in connection <br />with any and all claims by any party hereto against the other arising from or in connection with the <br />transactions contemplated by the Bond Anticipation Note or this Ordinance. The City, in <br />consideration of the purchase of the Bond by the Bondholder, and the Bondholder, by its acceptance <br />of the Bond, each mutually and willingly waive the right to a trial by a jury in connection with any <br />and all claims by any party hereto against the other arising from or in connection with the <br />transactions contemplated by the Bond or this Ordinance. <br /> <br />SECTION 4.5 REPEALER. All ordinances and orders, or parts thereof, in conflict <br />herewith are, to the extent of such conflict, hereby repealed, and this Ordinance shall take effect <br />upon its passage in the manner provided by law. <br /> <br />25 <br />
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