1978-10 CRA - Laserfiche WebLink

Home Browse Search

" " ., 2/28/78 ~ Law, whatever the character of such act may be, and may be done and performed as fully and freely as if express1y permitted by the terms of this resolution, and after such consent relating to such specified matten has been given, no bondholder or holder of any interest coupon, whether attached to a Bond or detached therefrom, shall have any right or interest to object to such action or in any manner to question the propriety therefor or to enjoin or restrain the Agency or any officer thereof from taking any action pursuant thereto. If the Agency sball desire to obtain any such consent, it shall cause notice to be published in a financial newspaper or journal of national circulation published in New York, New York. If any of the Bonds shall be registered, the Agency shall cause the Fiscal Agent to mail a similar notice, postage prepaid, to the respective registered ownen thereof at their addresses appearing on the bond registry books. Such notice shall briefty set forth the nature of the proposed supplemental resolution and shall state that a copy thereof ~ on file at the office of the Fiscal Agent for inspection by all bondholden. The FISCal Agent shall not, however, be subject to any liability to any bondholden by reason of his failure to mail the notice required by this section, and any such failure shall not affect the validity of such supplemental resolution when consented to and approved as provided in this section. Whenever at any time within one year after the date of the publication of such notice, the Agency shall receive an instrument or instruments purporting to be executed by the holden of not less than 60% in aggregate principal amount of the Bonds then outstanding (exclusive of Bonds, if any, owned by the Agency or the City of Santa Ana), which instrument or instruments shall refer to the proposed supplemental resolution described in such notice, and shall specifically consent to and approve the adoption thereof in substantially the form of the copy thereof referred to in such notice as on file with the Fiscal Agent, thereupon, but not otherwise, the Agency may adopt such supplemental resolution in substantially such form, without liability or responsibility to any holder of any Bonds, whether or not such holder shall have consented thereto. -' Upon the adoption of any supplemental resolution pursuant to the provisions of this section, this resolution shall be, and shall be deemed to be, modified and amended in accordance therewith, and the respective rights, duties and obligations under this resolution shall thereafter be determined, exercised and enforced hereunder, subject in all respects to such modifications and amendments. . Section 28. Forms of Bonds. The bearer Bonds and the interest coupons pertaining thereto and the fully registered Bonds, form of registration to appear on fully registered Bonds and the form of assignment shall be substantially as hereinafter set forth with necessary or appropriate variations, omissions and insertions as permitted or required by this Resolution. [FORM OF BEARER BONDS] UNITED STATES OF AMERJCA STATE OF CALIFORNIA COUN1Y OF ORANGE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA CITY OF SANTA ANA REDEVELOPMENT PROJECT AREA 1978 TAX ALLOCATION BOND No. $5,000 THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA (hereinafter some- times called "the Agency"), a public body corporate and politic, duly organized and existing . 15