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Agenda Packet
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04-27
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in violation of any right of the Registered Owners hereunder or any combination of such <br />remedies. <br />(ii) It is provided that all such proceedings shall be instituted and maintained <br />for the equal benefit of all Registered Owners of Notes then outstanding. <br />(i) No remedy herein conferred or reserved is intended to be exclusive of any <br />other available remedy or remedies, but each and every such remedy shall be cumulative <br />and shall be in addition to every other remedy given hereunder or under the Notes or now <br />or hereafter existing at law or in equity; provided, however, that notwithstanding any other <br />provision of this Ordinance, the right to accelerate the debt evidenced by the Notes shall <br />not be available as a remedy under this Ordinance. <br />(ii) The exercise of any remedy herein conferred or reserved shall not be <br />deemed a waiver of any other available remedy. <br />(iii) By accepting the delivery of a Note authorized under this Ordinance, such <br />Registered Owner agrees that the certifications required to effectuate any covenants or <br />representations contained in this Ordinance do not and shall never constitute or give rise to <br />a personal or pecuniary liability or charge against the officers, employees or trustees of the <br />City or the Council. <br />Section 16. SEVERABILITY. If any section, article, paragraph, sentence, clause, phrase <br />or Avivoi i -t 6is OrdiTcznce. or aDDlication thereof to anv persons or circumstances is held invalid <br />MA111100MM114 ag I ul 0 I&M, 2 K*1019, I lavi W012j" riffWT11 4M, M Wipf JMMT <br />of the remaining portion7; ancROWT, 1,11 <br />remain in full force and effect. <br />Section 17. APPROPRIATION. To pay the debt service coming due on the Notes prior <br />to receipt of the taxes levied to pay such debt service, there is hereby appropriated from current <br />funds on hand, which are hereby certified to be on hand and available for such purpose, an amount <br />sufficient to pay such debt service, and such amount shall be used for no other purpose. <br />Section 18. EFFECTIVE DATE. In accordance with the provisions of Section 1201.028 <br />of the Texas Government Code, this Ordinance shall be effective immediately upon its adoption <br />by the Council. <br />19 <br />
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