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<br />e
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<br />OR I GI NAL
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<br />for the purpose of curing any ambiguity, inconsistency, or fonnal defect or omission herein, or (iv) in connection
<br />with any other change which is not to the prejudice of the Owners. The City may, with the written consent of
<br />the Owners of a majority in aggregate principal amount of Bonds then outstanding affected thereby, and the
<br />insurer of any Bonds amend, change, modify, or rescind any provisions of this Ordinance; provided that without
<br />the consent of all of the Owners affected, no such amendment, change, modification, or rescission shall (i) extend
<br />the time or times of payment of the principal of and interest on the Bonds, reduce the principal amount thereof
<br />to the rate of interest thereon, or in any other way modify the tenns of payment of the principal of or interest on
<br />additional bonds on a parity with the lien of the Bonds, (ii) give any preference of any Bond over any other Bond,
<br />(iii) extend any waiver of default to subsequent defaults, or (iv) reduce the aggregate principal amount of Bonds
<br />required for consent to any such amendment, change, modification, or rescission. Whenever the City shall desire
<br />to make any amendment or addition to or rescission of this Ordinance requiring consent of the Owners, the City
<br />shall cause notice of the amendment, addition, or rescission to be given as described above for a notice of
<br />redemption. Whenever at any time within one year after the date of the giving of such notice, the City shall
<br />receive an instrument or instruments in writing executed by the Owners of a majority in aggregate principal
<br />amount of the Bonds then outstanding affected by any such amendment, addition, or rescission requiring the
<br />consent of Owners of Bonds, which instrument or instruments shall refer to the proposed amendment, addition,
<br />or rescission described in such notice and shall specifically consent to and approve the adoption thereof in
<br />substantially the fonn of the copy thereof referred to in such notice, thereupon, but not otherwise, the City may
<br />adopt such amendment, addition, or rescission in substantially such fonn, except as herein provided. No Owner
<br />may thereafter object to the adoption of such amendment, addition, or rescission, or to any of the provisions
<br />thereof, and such amendment, addition, or rescission shall be fully effective for all purposes.
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<br />Section 19. 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.
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<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.
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<br />(c) Severability. If any word, phrase, clause, paragraph, sentence, part, portion, 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.
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<br />(d) Govemine: Law. This Ordinance shall be construed and enforced in accordance with the laws of the
<br />State of Texas.
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<br />(e) Effective Date. This Ordinance shall take effect and be in full force and effect from and after the date
<br />of its passage, and it is so ordained.
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<br />PASSED AND APPROVED this June 22, 1998.
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<br />Is! Alton E. Porter
<br />Mayor Pro Tern, City of La Porte, Texas
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<br />ATTEST:
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<br />Is! Martha Gillett
<br />City Secretary, City of La Porte, Texas
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