O-1991-1755 - Laserfiche WebLink

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. ., by the holders of at least 51\ in aggregate principal amount of all Parity Bonds then outstanding, which instrument or instruments shall refer to the proposed amendment described 'in said notice and which specifically consent to and approve such amendment in substantially the form of the copy thereof on file with the Paying Agentl Registrar, the City Council may pass the amendatory ordinance in substantially the same form. (d) Upon the passage of any amendatory ordinance pursuant to the provisions of this Section, this Ordinance shall be deemed to be amended in llccordllnce with such amendatory ordinance, and the respective rights, duties and obligations under this Ordinance of the City and nil the holders of then outstanding Parity Bonds shall thereafter be determined, exercised and enforced hereunder, subject in all respects to such amendments. (e) Any consent given by the holder of a Parity Bond pursuant to the provisions of this Section shall be irrevocable for a period of six months from the date of the first publication of the notice provided for in this Section, and shall be conclusive and binding upon all future holders of the same Parity Bond during such period. Such consent may be re,voked at any time after six months from the date oC the first publication of such nolice by the holder who gave such consent, or by a successor in title, by filing notice thereof with fhe Paying Agent and the City, but such revocation shall not be effective if the holders of 51% in aggregate principal amount of the then outstanding Parity Bonds as in. this Section defined have, prior to the attempted revocation, consented to and approve the amendment. (f) For the purpose of thl~ Section the fact of the holding of Parity Bonds issued In registered form without coupons and the amounts and numbers oC such Parity Bonds and the dute of their holding same shall be proved by the, Registration Books of the Paying Agent/Registrar. For purposes of this Section, the holder of a Parity Bond shall be the owner thereof as shown on such Registration Books.. The City may conclusively assume that such ownership continues until written notice to the contrary is served upon the City. (g) The foregoing provisions of this Section notwithstanding, the City by action of the City Council may amend this Ordinance for anyone or more of the following purposes: (1) To add to the covenants and agreements of the City in this Ordinance contained, other covenants and agreements thereafter to be observed, grant additional rights or remedies to bondholders, or to surrender, restrict, or limit any right or power herein reserved to or conCerred upon the City j (2) To make such provisions for the purpose of curing any ambiguity, or curing, correcting, or supplementing any defective provision contained in this Ordinance, or in regard to clarifying matters or questions arising under this Ordinance, as are neces- sary or desirable and not contrary to or inconsistent with this Ordinance and which shall not adversely affect the interests of 21