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Resolution 2013-078 Bond Resolution
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Resolution 2013-078 Bond Resolution
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8/5/2025 2:36:41 PM
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3/22/2016 11:38:48 AM
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City Council
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(E) any change in the fiscal year of the City. <br />(e) Manner of Disclosure. <br />(1) The City agrees to make available to the MSRB, in an electronic format as <br />prescribed by the MSRB from time to time, the information described in subsection <br />(b). <br />(2) The City further agrees to snake available, by electronic transmission, overnight <br />delivery, mail or other means, as appropriate, the information described in <br />subsection (b) to any rating agency then maintaining a rating of the Bonds at the <br />request of the City and, at the expense of such Bondowner, to any Bondowner who <br />requests in writing such information, at the time of transmission under paragraph <br />(1) of this subsection (c), or, if such information is transmitted with a subsequent <br />time of release, at the time such information is to be released. <br />(3) All documents provided to the MSRB pursuant to this subsection (c) shall be <br />accompanied by identifying information as prescribed by the MSRB from time to <br />time. <br />(d) Terga; Amendments, Inte1pretation. <br />(1) The covenants of the City in this section shall retrain in effect so long as any Bonds <br />are Outstanding. Notwithstanding the preceding sentence, however, the obligations <br />of the City under this section shall terminate and be without further effect as of any <br />date on which the City delivers to the Registrar an opinion of Bond Counsel to the <br />effect that, because of legislative action or final judicial or administrative actions or <br />proceedings, the failure of the City to comply with the requirements of this section <br />will not cause participating underwriters in the primary offering of the Bonds to be <br />in violation of the Rule or other applicable requirements of the Securities Exchange <br />Act of 1934, as amended, or any statutes or laws successory thereto or amendatory <br />thereof <br />(2) This section (and the forth and requirements of the Disclosure Information) may be <br />amended or supplemented by the City from time to time, without notice to (except as <br />provided in paragraph (c)(3) hereof) or the consent of the Owners of any Bonds, by a <br />resolution of this Council filed in the office of the recording officer of the City <br />accompanied by an opinion of Bond Counsel, who may rely on certificates of the <br />City and others and the opinion may be subject to customary qualifications, to the <br />effect that: (i) such amendment or supplement (a) is made in connection with a <br />change in circumstances that arises from a change in law or regulation or a change in <br />the identity, nature or status of the City or the type of operations conducted by the <br />City, or (b) is required by, or better complies with, the provisions of paragraph (b)(5) <br />of the Rule; (ii) this section as so amended or supplemented would have complied <br />with the requirements of paragraph (b)(5) of the Rule at the time of the primary <br />offering of the Bonds, giving effect to any change in circumstances applicable under <br />19 <br />
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