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<br />e <br /> <br />e <br /> <br />consent of the Owners of a majority in aggregate principal amount of Bonds then outstanding affected thereby, <br />and the insurer of any Bonds amend. change, modify, or rescind any provisions of this Ordinance; provided that <br />without the consent of all of the Owners affected, no such amendment. change, modification, or rescission shall <br />(i) extend the time or times of payment of the principal of and interest on the Bonds. reduce the principal <br />amount thereof to the rate of interest thereon, or in any other way modify the tenns of payment of the principal <br />of or interest on additional bonds on a parity with the lien of the Bonds. (ii) give any preference of any Bond <br />over any other Bond, (iii) extend any waiver of default to subsequent defaults, or (iv) reduce the aggregate <br />principal amount of Bonds required for consent to any such amendment, change, modification, or rescission. <br />Whenever the Issuer shall desire to make any amendment or addition to or rescission of this Ordinance requiring <br />consent of the Owners, the Issuer shall cause notice of the amendment. addition. or rescission to be given as <br />described above for a notice of redemption. Whenever at any time within one year after the dale of the giving <br />of such notice, the Issuer shall receive an instrument or instruments in writing executed by the Owners of a <br />majority in aggregate principal amount of the Bonds then outstanding affected by any such amendment. addition, <br />or rescission requiring the consent of Owners of Bonds, which instrument or instruments shall refer to the <br />proposed amendment, addition, or rescission described in such notice and shall specifically consent to and <br />approve the adoption thereof in substantially the fonn of the copy thereof referred to in such notice, thereupon, <br />but not otherwise, the Issuer may adopt such amendment, addition. or rescission in substantially such fonn, <br />except as herein provided. No Owner may thereafter object to the adoption of such amendment, addition. or <br />rescission, or to any of the provisions thereof, and such amendment. addition, or rescission shall be fully <br />effective for all purposes. <br /> <br />SECTION 23. [INSURANCE TO COME] <br /> <br />SECTION 24. NOTICES TO BE GIVEN TO ITNSURANCE COl. <br /> <br />SECTION 25. MISCELLANEOUS. (a) Titles Not Restrictive. The titles assigned to the various sections <br />of this Ordinance are for convenience only and shall not be considered restrictive of the subject matter of any <br />section or of any part of this Ordinance. <br /> <br />(b) Inconsistent Provisions. All ordinances, orders, and resolutions. or parts thereof. which are in conflict <br />or inconsistent with any provision of this Ordinance are hereby repealed and declared to be inapplicable, and the <br />provisions of this Ordinance shall be and remain controlling as to the matters prescribed herein. <br /> <br />(c) Severability. If any word, phrase, clause, paragraph, sentence, part. ponion. or provision of this <br />Ordinance or the application thereof to any person or circumstances shall be held to be invalid. the remainder of <br />this Ordinance shall nevertheless be valid and the Council hereby declares that this Ordinance would have been <br />enacted without such invalid word, phrase. clause. paragraph, sentence, part, portion. or provisions. <br /> <br />(d) Govemin~ Law. This Ordinance shall be construed and enforced in accordance with the laws of the <br />State of Texas. <br />