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1983-08 CRA
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1983-08 CRA
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Last modified
1/3/2012 12:22:16 PM
Creation date
3/8/2005 10:59:43 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1983-08
Date
4/4/1983
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<br />. <br /> <br />. <br /> <br />. <br /> <br />", <br />. <br /> <br />defects or inconsistent provisions in this Resolution or to <br />insert such provisions clarifying matters or questions arising <br />under this Resolution as are necessary and desirable to <br />accomplish the same, provided that the modifications or <br />amendments do not adversely affect the rights of the Holders of <br />any outstanding Bonds; (b) for any purpose with the consent of <br />the Bondholders holding sixty percent (60%) in aggregate <br />principal amount of the outstanding Bonds, exclusive of Bonds, <br />if any, owned by the Agency or the City, and obtained as <br />hereinafter set forth; provided, however, that no modification <br />or amendment shall, without the express consent of the Holder <br />or registered owner of the Bond affected, reduce the principal <br />amount of any Bond, reduce the interest rate payable on it, <br />extend its maturity or the times for paying interest, change <br />the monetary medium in which principal and interest is payable, <br />or create a mortgage pledge or lien upon the revenues superior <br />to or on a parity with the pledge and lien created for the <br />Bonds and any Parity Bonds or reduce the percentage of consent <br />required for amendment or modification. <br /> <br />Any act done pursuant to a modification or amendment <br />consented to by the Bondholders shall be binding upon the <br />Holders of all of the Bonds and interest coupons, whether the <br />coupons are attached to or detached from bonds, and shall not <br />be deemed an infringement of any of the provisions of this <br />Resolution or of the Law, whatever the character of the act may <br />be, and may be done and performed as fully and freely as if <br />expressly permitted by the terms of this Resolution, and after <br />consent has been given, no Bondholder or Holder of any interest <br />coupon, whether attached to a Bond or detached therefrom, shall <br />have any right or interest to object to the action, to question <br />its propriety or to enjoin or restrain the Agency or its <br />officers from taking any action pursuant to a modification or <br />amendement. <br /> <br />A. Calling Bondholders' Meeting. If the Agency <br />shall desire to obtain the Bondholders' consent, it shall duly <br />adopt a resolution calling a meeting of the Bondholders for the <br />purpose of considering the action for which consent is desired. <br /> <br />B. Notice of Meeting. Notice specifying the <br />purpose, place, date and hour of a Bondholders' meeting shall <br />be published once in a financial newspaper or journal of <br />national circulation published in the City of New York, New <br />York. The publication shall not be less than sixty (60) days <br />nor more than ninety (90) days prior to the date fixed for the <br />meeting. The notice shall set forth the nature of the proposed <br />action for which consent is desired. If any of the Bonds shall <br />be registered as to be payable otherwise than to bearer, the <br />Agency shall, on or before the publication of the notice, cause <br />to be mailed a similar notice, postage prepaid, to the <br />respective registered owners at their addresses appearing on <br /> <br />02-22-83 <br />4141P/2306/00 <br /> <br />3A <br /> <br />-25- IT-<./- ~ <br />
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