Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> amendment of the terms and conditions in this Ordinance or <br /> in the Bonds or Additional Parity Revenue Bonds so as to: <br /> <br /> (1) Make any change in the maturity of the <br /> outstanding Bonds or Additional Parity Revenue Bonds; <br /> (2) Reduce the rate of interest borne by any of <br /> the outstanding Bonds or Additional Parity Revenue <br /> Bonds; <br /> <br /> (3) Reduce the amount of the principal payable on <br /> the outstanding Bonds or Additional Parity Revenue <br /> Bonds; <br /> (4) Modify the terms of payment of principal of <br /> or interest on the outstanding Bonds or Additional <br /> Parity Revenue Bonds, or impose any conditions with <br /> respect to such payment; <br /> (5) Affect the rights of the holders of less than <br /> all of the Bonds and Additional Parity Revenue Bonds <br /> then outstanding; <br /> <br /> (6) Change the minimum percentage of the princi- <br /> pal amount of Bonds and Additional Parity Revenue Bonds <br /> necessary for consent to such amendment. <br /> (b) If at any time the Issuer shall desire to amend <br /> the Ordinance under this Section, the Issuer shall cause <br /> notice of the proposed amendment to be published in a <br /> financial newspaper or journal published in the Issuer of <br /> New York, New York, once during each calendar week for at <br /> least two successive calendar weeks. Such notice shall <br /> briefly set forth the nature of the proposed amendment and <br /> shall state that a copy thereof is on file at the principal <br /> office of the Payinq Agents for inspection by all holders of <br /> Bonds and Additional Parity Revenue Bonds. Such publication <br /> is not required, however, if notice in writing is given to <br /> each holder of Bonds and Additional Parity Revenue Bonds. <br /> (c) Whenever at any time not less than thirty days, <br /> and within one year, from the date of the first publication <br /> of said notice or other service of written notice the Issuer <br /> shall receive an instrument or instrwnents executed by the <br /> holders of at least 51$ in aggregate principal amount of all <br /> Bonds and Additional Parity Revenue Bonds then outstanding, <br /> which instrument or instruments shall refer to the proposed <br /> amendment described in said notice and which specifically <br /> consent to and approve such amendment in substantially the <br /> form of the copy thereof on file with the Paying Agents, the <br /> Issuer Council may pass the amendatory ordinance in substan- <br /> tially the same form. <br /> 40 <br />