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2013-024 AUTHORIZING THE ISSUANCE AND SALE OF GENERAL OBLIGATION BONDS SERIES 2013
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2013-024 AUTHORIZING THE ISSUANCE AND SALE OF GENERAL OBLIGATION BONDS SERIES 2013
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1/25/2017 1:39:14 PM
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7/18/2013 9:32:41 AM
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CITY CLERK
CITY CLERK - Date
7/15/2013
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agreement if the SEC amends or repeals the applicable provision of the Rule or a court of final <br />jurisdiction enters judgment that such provisions of the Rule are invalid, but only if and to the extent <br />that the provisions of this sentence would not prevent an underwriter from lawfully purchasing or <br />selling Bonds in the primary offering of the Bonds. <br />Section 13. METHOD OF AMENDMENT. The Issuer hereby reserves the right to amend <br />this Ordinance subject to the following terms and conditions, to -wit: <br />(a) The Issuer may from time to time, without the consent of any holder, except as otherwise <br />required by paragraph (b) below, amend or supplement this Ordinance in order to (i) cure any <br />ambiguity, defect or omission in this Ordinance that does not materially adversely affect the interests <br />of the holders, (ii) grant additional rights or security for the benefit of the holders, (iii) add events of <br />default as shall not be inconsistent with the provisions of this Ordinance and that shall not materially <br />adversely affect the interests of the holders, (iv) qualify this Ordinance under the Trust Indenture Act <br />of 1939, as amended, or corresponding provisions of federal laws from time to time in effect, or (v) <br />make such other provisions in regard to matters or questions arising under this Ordinance as shall not <br />be inconsistent with the provisions of this Ordinance and that shall not in the opinion of the Issuer's <br />Bond Counsel materially adversely affect the interests of the holders. <br />(b) Except as provided in paragraph (a) above, the holders of Bonds aggregating in principal <br />amount 51 % of the aggregate principal amount of then outstanding Bonds that are the subject of a <br />proposed amendment shall have the right from time to time to approve any amendment hereto that may <br />be deemed necessary or desirable by the Issuer; provided, however, that without the consent of 100% <br />of the holders in aggregate principal amount of the then outstanding Bonds, nothing herein contained <br />shall permit or be construed to permit amendment of the terms and conditions of this Ordinance or in <br />any of the Bonds so as to: <br />(1) Make any change in the maturity of any of the outstanding Bonds; <br />(2) Reduce the rate of interest borne by any of the outstanding Bonds; <br />(3) Reduce the amount of the principal of, or redemption premium, if any, payable on <br />any outstanding Bonds; <br />(4) Modify the terms of payment of principal or of interest or redemption premium <br />on outstanding Bonds or any of them or impose any condition with respect to such <br />payment; or <br />(5) Change the minimum percentage of the principal amount of any series of Bonds <br />necessary for consent to such amendment. <br />(c) If at any time the Issuer shall desire to amend this Ordinance under this Section, the Issuer <br />shall send by U.S. mail to each registered owner of the affected Bonds a copy of the proposed <br />amendment and cause notice of the proposed amendment to be published at least once in a financial <br />publication published in The City of New York, New York or in the State of Texas. Such published <br />23 <br />
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