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8.1. SR 07-21-2014
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8.1. SR 07-21-2014
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Bond certificates in accordance with this resolution and the provisions hereof will apply to the <br /> transfer, exchange and method of payment thereof. <br /> 7.05. Payments to Cede & Co. Notwithstanding any other provision of this resolution to <br /> the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, <br /> payments with respect to principal of,premium,if any, and interest on the Bond and all notices with <br /> respect to the Bond will be made and given, respectively in the manner provided in DTC's <br /> Operational Arrangements, as set forth in the Representation Letter. <br /> Section 8. Continuing Disclosure. <br /> 8.01. 013L Co=liance with Provisions of Continuing Disclosure Certificate. The City <br /> hereby covenants and agrees that it will comply with and carry out all of the provisions of the <br /> Continuing Disclosure Certificate. Notwithstanding any other provision of this Resolution, failure <br /> of the City to comply with the Continuing Disclosure Certificate will not be considered an event of <br /> default with respect to the Bonds; however, any Bondholder may take such actions as may be <br /> necessary and appropriate, including seeking mandate or specific performance by court order, to <br /> cause the City to comply with its obligations under this section. <br /> 8.02. Execution of Continuing Disclosure Certificate. "Continuing Disclosure Certificate" <br /> means that certain Continuing Disclosure Certificate executed by the Mayor and the City Clerk and <br /> dated the date of issuance and delivery of the Bonds, as originally executed and as it may be <br /> amended from time to time in accordance with the terms thereof. <br /> Section 9. Defeasance. When all Bonds and all interest thereon have been discharged as <br /> provided in this section, all pledges, covenants and other rights granted by this resolution to the holders <br /> of the Bonds will cease, except that the pledge of the full faith and credit of the City for the prompt and <br /> full payment of the principal of and interest on the Bonds will remain in full force and effect. The City <br /> may discharge all Bonds which are due on any date by depositing with the Registrar on or before that <br /> date a sum sufficient for the payment thereof in full. If any Bond should not be paid when due,it may <br /> nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in <br /> full with interest accrued to the date of such deposit <br /> Passed and adopted this 21st day of July,2014. <br /> John J. Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City Clerk <br /> 445655v4 JSB EL 185-27 10 <br />
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