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Ordinance 1986-885
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Ordinance 1986-885
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Last modified
3/12/2021 10:24:18 AM
Creation date
10/5/2006 3:47:40 PM
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City Council Records
Doc Type
Ordinance
Signed Date
4/22/1986
Ord/Res - Year
1986
Ord/Res - Number
885
Original Hardcopy Storage
7E2
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ORD 1986-885
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<br />each Bond to be redeemed at the address shown on the registration <br />books maintained by the Bond Registrar; provided however, that <br />failure to give such notice by mailing to any registered owner, or <br />any defect therein, shall not affect the vailidity of any <br />proceeding for the redemption of other Bonds. <br /> Section 12. Acceptance of Purchase Agreement. The <br />Council hereby reaffirms its determination to accept the Bond <br />Purchase Agreement as submitted by the Underwriter, and to sell <br />the Bonds to the Underwriter upon the terms, conditions, and <br />provisions as set forth in said agreement. <br /> Section 13. Direction to Take Authorizing Action. The <br />appropriate officers of the City and members of the Council are <br />hereby authorized and directed to take all other actions necessary <br />or appropriate to effectuate the provisions of this Ordinance, <br />including but not limited to the execution of a Paying Agent and <br />Registrar Agreemen t, a Bond Purchase Agreemen t, and such certifi- <br />c ate s and affidavi ts as may be reasonably required by the <br />Underwriter. <br /> Section 14. Severability. If anyone or more sections <br />or parts of this Ordinance shall be adjudged unenforceable or <br />invalid, such judgment shall not affect, impair, or invalidate the <br />remaining provisions of this Ordinance, it be i ng the intention <br />that the various provisions hereof are severable. <br /> Section 15. Repealer. All ordinances or resolutions, <br />or parts thereof, of the City that are inconsistent or in conflict <br />herewith are hereby repealed to the extent only of such <br />inconsistency or conflict. <br /> Section 16. Ordinance Irrepealable. After the Bonds <br />are issued, this Ordinance shall be and remain irrepealable until <br />the Bonds and the interest thereon shall have been fully paid, <br />satisfied, and discharged. <br /> Section 17. Recording and Authentication. This Ordi- <br />nance, after its final passage, shall be authenticated by the <br />signatures of the Mayor and the City Clerk, shall be recorded in a <br />book kept for that purpose, and shall be published in accordance <br />with law. <br /> - 37 - <br />
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