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1987-11-09 Regular Meeting
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1987-11-09 Regular Meeting
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11/2/2016 12:07:00 PM
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7/31/2025 10:41:34 AM
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Minutes
Date
11/9/1987
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<br />e <br /> <br />e <br /> <br />~- <br /> <br />award rendered in such arbitration proceedings may be entered in any <br /> <br />court of competent jurisdiction. <br /> <br />The expense of arbitration shall <br /> <br />be borne one-half by the Authority, and one-half by the City, except <br /> <br />that each party shall bear the compensation and expenses of its <br /> <br />counsel and witnesses. <br /> <br />Any cost of such arbi tration (including cost of counsel and <br /> <br />witnesses) paid by the Authority shall be considered an Operation and <br /> <br />Maintenance Expense. <br /> <br />ARTICLE XV <br />Miscellaneous <br /> <br />Section 15.01 <br /> <br />This Contract shall be effective upon the day and <br /> <br />year first above written and shall continue in force and effect until <br /> <br />, 2027 and thereafter shall continue in force until all <br /> <br />Bonds and refundinq Bonds, and all other obligations (including the <br /> <br />Houston Contract), if any, of the Authority, shall have been paid. <br /> <br />Section 15.02 No ch~nge or modification of this Contract shall <br /> <br />be made which will affect adversely the prompt payment when due of <br /> <br />all moneys required to be paid by each Participant under the terms <br /> <br />of this Contract and no such change shall be effective which would <br /> <br />cause a violation of any provisions of any resolution of the Authority <br /> <br />authorizing the issuance of the Bonds or any Bonds issued to refund <br /> <br />any of the Bonds. <br /> <br />Section 15.03 Unless otherwise provided herein, any notice, <br /> <br />communication, request, reply or advice (herein severally and collec- <br /> <br />tively, for convenience, called "notice") herein provided or per- <br /> <br />mitted to be given, made or accepted by any party to any other <br />party, must be in writing and may be given or be served by depositing <br /> <br />-41- <br />
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