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747-17 Master Resolution for Infrastructure Sales Surtax Revenue Bond (City Hall Project), Series 2017
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747-17 Master Resolution for Infrastructure Sales Surtax Revenue Bond (City Hall Project), Series 2017
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1/29/2018 2:07:54 PM
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10/24/2017 3:43:26 PM
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1. To cure any ambiguity or formal defect or omission or to correct any inconsistent <br /> provisions in this Resolution or to clarify any matters or questions arising hereunder. <br /> 2. To grant to or confer upon the Bondholders arty additional rights, remedies, <br /> powers, authority or security that may lawfully be granted to or conferred upon the <br /> Bondholders. <br /> 3. To add to the conditions, limitations and restrictions on the issuance of Bonds <br /> under the provisions of this Resolution other conditions, limitations and restrictions thereafter <br /> to be observed. <br /> 4. To add to the covenants and agreements of the Issuer in this Resolution other <br /> covenants and agreements thereafter to be observed by the Issuer or to surrender any right or <br /> power herein reserved to or conferred upon the Issuer. <br /> 5. To specify and determine the matters and things referred to in Sections 2.01, 2.02 <br /> or 2.09 hereof, and also any other matters and things relative to such Bonds which are not <br /> contrary to or inconsistent with this Resolution as theretofore in effect, or to amend, modify or <br /> rescind any such authorization, specification or determination at any time prior to the first <br /> delivery of such Bonds. <br /> 6. To change or modify the description of the Initial Project or any Additional <br /> Project. <br /> 7. To specify and determine matters necessary or desirable for the issuance of <br /> Variable Rate Bonds. <br /> 8. To make any other change that, in the reasonable opinion of the Issuer, would <br /> not materially adversely affect the security for the Bonds. <br /> SECTION 7.02 Supplemental Resolutions with Bondholders' Consent. Subject <br /> to the terms and provisions contained in this Section 7.02 and Sections 7.01 and 7.03 hereof, the <br /> Holder or Holders of not less than a majority in aggregate principal amount of the Bonds then <br /> Outstanding shall have the right, from time to time, anything contained in this Resolution to the <br /> contrary notwithstanding, to consent to and approve the adoption of such Supplemental <br /> Resolutions hereto as shall be deemed necessary or desirable by the Issuer for the purpose of <br /> supplementing, modifying, altering, amending, adding to or rescinding, in any particular, any <br /> of the terms or provisions contained in this Resolution; provided, however, that if such <br /> modification or amendment will, by its terms, not take effect so long as any Bonds of any <br /> specified Series or maturity remain Outstanding, the consent of the Holders of such Bonds shall <br /> not be required and such Bonds shall not be deemed to be Outstanding for the purpose of any <br /> calculation of Outstanding Bonds under this Section 7.02. Any Supplemental Resolution which <br /> is adopted in accordance with the provisions of this Section 7.02 shall also require the written <br /> consent of the Insurer of any Bonds which are Outstanding at the time such Supplemental <br /> Resolution shall take effect. No Supplemental Resolution may be approved or adopted which <br /> shall permit or require (A) an extension of the maturity of the principal of or the payment of the <br /> interest on any Bond issued hereunder, (B) reduction in the principal amount of any Bond or <br /> the Redemption Price or the rate of interest thereon, (C) the creation of a lien upon or a pledge <br /> of other than the lien and pledge created by this Resolution which adversely affects any <br /> Bondholders, (D) a preference or priority of any Bond or Bonds over any other Bond or Bonds, <br /> or (E) a reduction in the aggregate principal amount of the Bonds required for consent to such <br /> Supplemental Resolution. Nothing herein contained, however, shall be construed as making <br /> necessary the approval by Bondholders of the adoption of any Supplemental Resolution as <br /> authorized in Section 7.01 hereof. <br /> If, at any time the Issuer shall determine that it is necessary or desirable to adopt any <br /> Supplemental Resolution pursuant to this Section 7.02, the Clerk shall cause the Registrar to <br /> give notice of the proposed adoption of such Supplemental Resolution and the form of consent <br /> to such adoption to be mailed, postage prepaid, to all Bondholders at their addresses as they <br /> 26 <br />
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