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• requirements of the Securities Exchange Act of 1934, as amended, or any statutes or <br /> laws successory thereto or amendatory thereof. <br /> (2) This Section 7 (and the form and requirements of the Disclosure <br /> Information) may be amended or supplemented by the City from time to time, <br /> without notice to (except as provided in paragraph (3) of subsection (b)) or the <br /> consent of the Owners of any Bonds, by a resolution of this Council filed in the <br /> office of the recording officer of the City accompanied by an opinion of Bond <br /> Counsel, who may rely on certificates of the City and others and the opinion may be <br /> subject to customary qualifications, to the effect that: (i) such amendment or <br /> supplement (a) is made in connection with a change in circumstances that arises <br /> from a change in law or regulation or a change in the identity, nature or status of <br /> the City or the type of operations conducted by the City, or (b) is required by, or better <br /> complies with, the provisions of paragraph (b)(5) of the Rule; (ii) this Section 8 as so <br /> amended or supplemented would have complied with the requirements of <br /> paragraph (b)(5) of the Rule at the time of the primary offering of the Bonds, giving <br /> effect to any change in circumstances applicable under clause (i)(a) and assuming <br /> that the Rule as in effect and interpreted at the time of the amendment or <br /> supplement was in effect at the time of the primary offering; and (iii) such <br /> 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 <br /> the 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 7 is entered into to comply with the continuing disclosure <br /> provisions of the Rule and should be construed so as to satisfy the requirements of <br /> paragraph (b)(5) of the Rule. <br /> Section 8. Headings. Headings in this resolution are included for <br /> convenience of reference only and are not a part hereof, and shall not limit or <br /> define the meaning of any provision hereof. <br /> Mayor <br /> Attest: <br /> City Cle k <br /> • <br /> -21- <br />