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event the duties of a particular office shall be transferred to <br /> another office or officer, or in the event of a vacancy in any such <br /> office by reason of death, resignation, removal from office or <br /> otherwise, or in the event any such officer shall become incapable <br /> of performing the duties of his office by reason of sickness , <br /> absence from the County or otherwise, all powers conferred and all <br /> obligations and duties imposed upon such office or officer shall be <br /> performed by the office or officer succeeding to the principal <br /> functions thereof, or by the office or officer upon whom such <br /> powers, obligations and duties shall be imposed by law. <br /> Article 23 . The provisions of this Ordinance shall <br /> constitute a binding contract between the County and the registered <br /> owners of the outstanding Bonds issued hereunder, and the County <br /> will at all times strictly adhere to the terms and provisions <br /> hereof and fully discharge all of its obligations hereunder. <br /> Subject to the terms and provisions contained in this Article and <br /> not otherwise, the registered owners of not less than seventy-five <br /> percent (75%) in aggregate principal amount of the Bonds then <br /> outstanding shall have the right, from time to time, anything <br /> contained in this Ordinance to the contrary notwithstanding, to <br /> consent to and approve the adoption by the County of such ordinance <br /> supplemental hereto as shall be necessary or desirable for the <br /> purpose of modifying, altering, amending, adding to or rescinding, <br /> in any particular, any of the terms or provisions contained in this <br /> Ordinance or in any supplemental ordinance; provided, however, that <br /> nothing herein contained shall permit or be construed as permitting <br /> (a) an extension of the maturity of the principal of or interest on <br /> any Bond issued hereunder, or (b) a reduction in the principal <br /> amount of any Bond or the rate of interest thereon, or (c) the <br /> creation of a lien upon or a pledge of revenues other than as <br /> expressly authorized by the appropriate provisions of this <br /> Ordinance as now adopted, or (d) the creation of a privilege or <br /> priority of any Bond or Bonds over any other Bond or Bonds , or (e) <br /> a reduction in the aggregate principal amount of the Bonds required <br /> for consent to such supplemental ordinance. <br /> Article 24 . This Ordinance shall not create any right of <br /> any kind, and no right of any kind shall arise hereunder pursuant <br /> to it, until the Bonds authorized by this Ordinance shall be issued <br /> and delivered. <br /> Article 25 . The provisions of this Ordinance are hereby <br /> declared to be severable, and if any provision shall for any reason <br /> be held illegal or invalid, it shall not affect the validity of the <br /> remainder of the Ordinance. <br /> Article 26 . All ordinances and resolutions and parts <br /> thereof in conflict herewith are hereby repealed to the extent of <br /> such conflict. <br /> ILM."7. IJ97 20 <br />