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516174 [FORM OF ASSIGNMENT] For value received ...................................................................................... hereby sells, assigns and transfers unto ................................................................................................................................ the within-mentioned Bond and hereby irrevocably constitutes and appoints ...................................... ............................................................................................................................................... attorney, to transfer the same on the books of the Auditor with full power of substitution in the premises. Dated: ....................................................................... NOTE: The signature to this Assignment must correspond with the name as written on the face of the within bond in every particular, without alteration or enlargement or any change whatsoever. Section 17. Proceedings Constitute Contract. The provisions of this resolution and of the resolu- tions providing for the sale' of the bonds and awarding the bonds and fixing the interest ra~ or rates thereon shall constitute a contract between the City and the bondholders and the provisions thereof shall be enforceable by any bondholder for the equal benefit and protection of all bondholders similarly~': situated by mandamus, accounting, mandatory injunction or any other suit, action or proceeding at law or in equity that is now or may hereafter be authorized under the laws of the State of California in any court of competent jurisdiction. Said contract is made under and is to be construed in accordance with the laws of the State of California. No remedy conferred hereby upon any bondholder is entitled to be exclusive of any other remedy~ but each such remedy is cumulative and in addition to every other remedy and may be exer(tsed without' exhausting and without regard to any other remedy conferred by the Revenue Bond Law of 1941 or any other law of the State of California. No waiver of any default or breach of duty or contract by any bondholder shall affect any subsequent default or breach of duty or contract or shall impair any rights or remedies on said subsequent default or breach. No delay or omission of any bondholder to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed as a waiver of any such default or acquiescence therein. Every substantive right and every remedy conferred upon the bondholders may be enforced and exercised as often as may be deemed expedient. In case any suit, action or proceeding to enforce any right or exercise any remedy shall be brought or taken and the bondholder shall prevail, said bondholder shall be entitled to receive from the Revenue Fund reimburse- ment for reasonable costs, expenses, outlays and attorney's fees and should said suit, action or proceeding be abandoned, or be determined adversely to the bondholders then, and in every such case, the City and the bondholders shall be restored to their former positions, rights and remedies as if such suit, action '~ or proceeding had not been brought or taken. After the issuance and delivery of the bonds this resolution shall be irrepealable, but shall be subject to modification to the extent and in the manner provided in Section 15 of this resolution, but to no greater extent and in no other manner. Section 18. Future Contracts. Nothing herein contained shall be deemed to restrict or prohibit the City from making contracts or creating bonded or other indebtedness payable from the general fund of the City or from taxes or any source other than the revenues of the enterprise as defined herein, and from and after the sale of the bonds the general fund of the City shall not include the revenues of the enterprise and no contract or other obligation payable from the general fund of the City shall be payable from the revenues of the enterprise, except as provided in Section 10(g) hereof. 21