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CC PACKET 06262012
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CC PACKET 06262012
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7/30/2015 9:24:15 AM
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4/30/2014 4:42:39 PM
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City Council
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City Code Chapter Amendment
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120 <br />certificates, documents and instruments as may be appropriate to effect the transactions herein <br />contemplated. <br />Section 6 Absence of Officers. In the absence or disability of the Mayor, any of the <br />documents authorized by this resolution to be approved and executed by the Mayor may be so <br />approved and executed by the acting Mayor. In the absence or disability of the City Manager, <br />any of the documents authorized by this resolution to be approved and executed by the City <br />Manager may be so approved and executed by the person designated as acting City Manager or <br />by such other officer of the City who, in the opinion of the City Attorney, may execute such <br />documents. <br />Section 7. Authentication of Proceedings. `rhe Mayor, the City Manager, the City Clerk <br />and other officers of the City are authorized and directed to furnish to the Remarketing Agent <br />and bond counsel certified copies of all proceedings and records of the City relating to the <br />reissuance of the Bonds, and such other affidavits and certificates as may be required to show the <br />facts relating to the legality and marketability of the Bonds as such facts appear from the books <br />and records in the officers' custody and control or as otherwise known to them; and all such <br />certified copies, certificates and affidavits, including any heretofore furnished, shall constitute <br />representations of the City as to the truth of all statements of fact contained therein. <br />Section 8. Limitations of the City's Obligations. Notwithstanding anything contained in <br />the Bonds or the Documents, the Bonds shall not constitute a debt of the City within the meaning <br />of any constitutional or statutory limitation, and shall not be payable from nor shall constitute a <br />charge, lien or encumbrance, legal or equitable, upon any funds or any property of the City other <br />than the revenues specifically pledged to the payment thereof pursuant to the Documents, and no <br />holder of the Bonds shall ever have the right to compel any exercise of the taxing power of the <br />City to pay the Bonds or the premium, if any, or interest thereon, or to enforce payment thereof <br />against any property of the City other than those rights and interests of the City which have been <br />pledged to the payment thereof pursuant to the Documents. The agreement of the City to <br />perform the covenants and other provisions contained in this resolution or the Bonds or the <br />Documents shall be subject at all times to the availability of the revenues furnished by the <br />Borrower sufficient to pay all costs of such performance or the enforcement thereof, and the City <br />shall not be subject to any personal or pecuniary liability thereon. <br />Attest: <br />Passed this 26th day of June, 2012. <br />City Clerk <br />Mayor <br />-3- <br />
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