My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
892
CITY-OF-BATESVILLE
>
City Clerk
>
Ordinances
>
1978
>
892
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
4/30/2019 4:33:03 PM
Creation date
8/20/2018 2:48:30 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
36
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
Section 16. <br />-24 - <br />The provisions of this Ordinance shall <br />constitute a binding contract between the City and the holders <br />and registered owners of the outstanding bonds and coupons issued <br />hereunder, and the City will at all times strictly adhere to the <br />terms and provisions hereof and fully discharge all of its obli- <br />gations hereunder. Subject to the terms and provisions contained <br />in this section and not otherwise, the holders of not less than <br />seventy-five percent (75%) in aggregate principal amount of the <br />bonds then outstanding shall have the right, from time to time, <br />anything contained in this Ordinance to the contrary notwith- <br />standing, to consent to and approve the adoption by the City of <br />such ordinance supplemental hereto as shall be necessary or <br />desirable for the purpose of modifying, altering, amending, <br />adding to or rescinding, in any particular, any of the terms or <br />provisions contained in this Ordinance or in any supplemental <br />ordinance; provided, however, that nothing herein contained shall <br />permit or be construed as permitting (a) an extension of the <br />maturity of the principal of or the interest on any bond issued <br />hereunder, or (b) a reduction in the principal amount of any <br />bond or the rate of interest thereon, or (c) the creation of a <br />lien upon or a pledge of revenues other than as expressly <br />authorized by the appropriate provisions of this Ordinance as <br />now adopted, or (d) the creation of a -privilege or priority of <br />any bond or bonds over any other bond or bonds, or (e) a reduction <br />in the aggregate principal amount of the bonds required for <br />consent to such supplemental ordinance. <br />Section 17. The Mayor is hereby directed to publish <br />this Ordinance one time in a newspaper published in the City and <br />of general circulation therein; there shall appear directly above <br />the Ordinance a Notice signed by him in substantially the <br />following form: <br />r <br />
The URL can be used to link to this page
Your browser does not support the video tag.