Laserfiche WebLink
Act of 1934, as amended, or any statutes or laws successory thereto or amendatory <br />thereof. <br />(2) This section (and the form 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 />clause (i)(a) and assuming that the Rule as in effect and interpreted at the time of the <br />amendment or supplement was in effect at the time of the primary offering; and (iii) <br />such amendment or supplement does not materially impair the interests of the <br />Bondowners under the Rule. <br />If the Disclosure Information is so amended, the City agrees to provide, <br />contemporaneously with the effectiveness of such amendment, an explanation of the <br />reasons for the amendment and the effect, if any, of the change in the type of <br />financial information or operating data being provided hereunder. <br />(3) This section is entered into to comply with the continuing disclosure provisions of <br />the Rule and should be construed so as to satisfy the requirements of paragraph (b)(5) of the <br />Rule. <br />Section 8. Authorization of Pa went of Certain Costs of Issuance of the Bonds. The <br />City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment <br />of issuance expenses to Klein Bank, on the closing date for further distribution as directed by the <br />City's financial advisor, Ehlers & Associates, Inc. <br />-23- <br />