My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1980-075 CRA
Clerk
>
Resolutions
>
COMMUNITY REDEVELOPMENT AGENCY (1974-2012)
>
1973-1989
>
1980
>
1980-075 CRA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:23:08 PM
Creation date
3/8/2005 11:38:49 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
CRA 1980-75
Date
7/1/1980
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
71
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).
View images
View plain text
<br />ARTICLE XI <br />AMENDMENTS TO RESOLUTION <br /> <br />1101. Powers of Amendment. Any modification or amendment of this <br />Resolution and of the rights and obligations of the Agency and of the Holders <br />of the Bonds and coupons thereunder, in any particular, may be made by a <br />Supplemental Resolution, with the written consent given as hereinafter <br />provided, (i) of the Holders of at least two-thirds (213) in principal amount <br />of the Bonds Outstanding at the time such consent is given; provided, however, <br />that if such modification or amendment will, by its terms, not take effect so <br />long as any Bonds of any specified maturity remain Outstanding, the consent of <br />the Holders of such Bonds shall not be required and such Bonds shall not be <br />deemed to be Outstanding for the purpose of any calculation of Outstanding <br />Bonds under this Section. No such modification or amendment shall permit a <br />change in the terms of redemption or maturity of the principal of any <br />Outstanding Bond or of any installment of interest thereon or a reduction in <br />the principal amount or the Redemption Price thereof or in the rate of <br />interest thereon without the consent of the Holder of such Bonds, or shall <br />reduce the percentages or otherwise affect the classes of Bonds the consent of <br />the holders of which is required to effect any such modification or <br />amendment. The Trustee may in its discretion determine whether or not, in <br />accordance with the foregoing provisions, Bonds of any particular maturity <br />would be affected by any modification or amendment of this Resolution, and any <br />such determination shall be binding and conclusive on the Agency and all <br />Holders of Bonds. The Trustee may receive an Opinion of Counsel as conclusive <br />evidence as to whether Bonds of any particular maturity would be so affected <br />by any such modifications or amendment of this Resolution. <br /> <br />1102. Consent of Bondholders. The Agency may at any time adopt a <br />Supplemental Resolution making a modification or amendment permitted by the. <br />provision of Section 1101 to take effect when and as provided in this <br />Section. A copy of such Supplemental Resolution (or brief summary thereof or <br />reference thereto in form approved by the Trustee) and a request to the <br />Bondholders for their consent thereto in form satisfactory to the Trustee <br />shall be mailed by the Agency to all Bondholders and shall 'be published at <br />least once a week for two (2) successive weeks (but failure to mail such copy <br />and request shall not affect the val idity of the Supplemental Resolution when <br />consented to as in this Section provided). Such Supplemental Resolution shall <br />not be effective unless and until (i) there shall have been filed with the <br />Trustee (a) the written consent of Holders of the percentages of Outstanding <br />80nds specified in Section 1101 and (b) an Opinion of Counsel stating that <br />such Supplemental Resolution has been duly and lawfully adopted and filed by <br />the Agency in accordance with the provisions of this Resolution, is authorized <br />or permitted by this Resolution and is valid and binding upon the Agency and <br />enforceab 1e in accordance with its terms, and (i i) a not i ce shall have been <br />published as hereinafter in this Section 1102 provided. Each such consent <br />shall be effective only if accompanied by proof of the holding, at the date of <br />such consent, of the Bonds with respect to which such consent is given, which <br /> <br />57 <br /> <br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />. <br />. <br />
The URL can be used to link to this page
Your browser does not support the video tag.