My WebLink
|
Help
|
About
|
Sign Out
Browse
Search
O-1994-1972
LaPorte
>
.Ordinances
>
1990's
>
1994
>
O-1994-1972
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/2/2016 3:38:54 PM
Creation date
7/24/2006 11:29:28 AM
Metadata
Fields
Template:
Legislative Records
Legislative Type
Ordinance
Date
3/14/1994
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
26
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />e <br /> <br />e <br /> <br />(2) Reduce the rate of interest borne by any of the outstanding Parity Bonds: <br /> <br />(3) Reduce the amount of the principal payable on the outstanding Parity Bonds: <br /> <br />(4) Modify the tenns of payment of principal of or interest on the outstanding Parity <br />Bonds or impose any conditions with respect to such payment: <br /> <br />(5) Affect the rights of the holders of less than all of the Parity Bonds then outstanding; <br /> <br />(6) Change the minimum percentage of the principal amount of Parity Bonds necessary for <br />consent to such amendment. <br /> <br />(b) If at any time the City shall desire to amend the Ordinance under this Section. the City <br />shall cause notice of the proposed amendment to be published in a financial newspaper or journal published in <br />The City of New York, New York, once during each calendar week for at least two successive calendar weeks. <br />Such notice shall briefly set forth the nature of the proposed amendment and shall state that a copy thereof is on <br />file at the principal office of the Paying AgentlRegistIar for inspection by all holders of Parity Bonds. Such <br />publication is not required, however, if notice in writing is given to each holder of the Previously Issued Parity <br />Bonds. Bonds, and Additional Bonds. <br /> <br />(c) Whenever at any time not less than 30 days, and within one year, from the date of the first <br />publication of said notice or other service of written notice the City shall receive an instrument or instruments <br />executed by the holders of at least 51 % in aggregate principal amount of all Parity Bonds then outstanding, <br />which instrument or instruments shall refer to the proposed amendment described in said notice and which <br />specifically consent to and approve such amendment in substantially the fonn of the copy thereof on me with the <br />Paying AgentlRegistrar, the City Council may pass the amendatory ordinance in substantially the same fonn. <br /> <br />(d) Upon the passage of any amendatory ordinance pursuant to the provisions of this Section, <br />this Ordinance shall be deemed to be amended in accordance with such amendatory ordinance, and the respective <br />rights, duties and obligations under this Ordinance of the City and all the holders of then outstanding Parity <br />Bonds shall thereafter be detennined, exercised and enforced hereunder, subject in all respects to such <br />amendments. <br /> <br />(e) Any consent given by the holder of a Parity Bond pursuant to the provisions of this Section <br />shall be irrevocable for a period of six months from the date of the first publication of the notice provided for in <br />this Section, and shall be conclusive and binding upon all future holders of the same Parity Bond during such <br />period. Such consent may be revoked at any time after six months from the date of the first publication of such <br />notice by the holder who gave such consent, or by a successor in title. by filing notice thereof with the Paying <br />Agent and the City, but such revocation shall not be effective if the holders of 51 % in aggregate principal <br />amount of the then outstanding Parity Bonds as in this Section defined have. prior to the attempted revocation, <br />consented to and approve the amendment. <br /> <br />(t) For the purpose of this Section the fact of the holding of Parity Bonds issued in registered <br />fonn without coupons and the amounts and numbers of such Parity Bonds and the date of their holding same <br />shall be proved by the Registration Books of the Paying Agent/Registrar. For purposes of this Section, the <br />holder of a Parity Bond shall be the owner thereof as shown on such Registration Books. The City may <br />conclusively assume that such ownership continues until written notice to the contrary is served upon the City. <br /> <br />(g) The foregoing provisions of this Section notwithstanding, the City by action of the City <br />Council may amend this Ordinance for anyone or more of the following purposes: <br /> <br />(1) To add to the covenants and agreements of the City in this Ordinance contained. <br /> <br />16 <br />
The URL can be used to link to this page
Your browser does not support the video tag.