Ordinance 2010-348 - Laserfiche WebLink

Home Browse Search

shall ever have the right to compel the exercise of any taxing power of the City or any other public authority or governmental body to pay the principal of, or the interest on, the 2010 Bond or to pay any other amounts required to be paid pursuant to this Ordinance or the 2010 Bond or to maintain or continue any of the activities of the City that generate user service charges, regulatory fees or any other Non-Ad Valorem Revenues (other than Pledged Revenues). ARTICLE IV MISCELLANEOUS PROVISIONS SECTION 4.1 MODIFICATION OR AMENDMENT. No modification or amendment of this Ordinance or of any ordinance amendatory thereof or supplemental thereto, may be made without the consent in writing ofthe Bondholder. SECTION 4.2 ADDITIONAL AUTHORIZATION. The Mayor, the City Manager, the Finance Director and any other proper official of the City, be and each of them is hereby authorized and directed to execute and deliver any and all documents and instruments and to do and cause to be done any and all acts and things necessary or proper for carrying out the transactions contemplated by this Ordinance. SECTION 4.3 SEVERABILITY OF INVALID PROVISIONS. If any one or more of the covenants, agreements or provisions of this Ordinance should be held contrary to any express provision of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid, then such covenants, agreements or provisions shall be null and void and shall be deemed separate from the remaining covenants, agreements or provisions, and shall in no way affect the validity of any of the other provisions of this Ordinance or of the 2010 Bond issued hereunder. SECTION 4.4 WAIVER OF JURY TRIAL. The City, in consideration of the purchase of the 2010 Bond by the Bank, and the Bank, by its acceptance of the 2010 Bond, each mutually and willingly waive the right to a trial by a jury in connection with any and all claims by any party hereto against the other arising from or in connection with the transactions contemplated by the 2010 Bond or this Ordinance. SECTION 4.5 REPEALER. All ordinances and orders, or parts thereof, in conflict herewith are, to the extent of such conflict, hereby repealed, and this Ordinance shall take effect upon its passage in the manner provided by law. SECTION 4.6 EFFECTIVE DATE. This Ordinance shall become effective immediately upon its enactment after second reading. PASSED AND ADOPTED on first reading this ~ day of ..::rU.L\{ ,2010. PASSED AND ADOPTED on second reading thisA'1~ay of :rIH_Y ,2010. Auth. the Issuance of a Stormwater Utility Rev. Bond 18 Series 2010 $3,500,000 MIA 181,312,776v4 7-8-10