Laserfiche WebLink
<br /> DES:djc 2/28/86 <br />amended or modified, or any provision thereof waived, with the <br />consent of the Authority and the vote or written assent of the <br />holders of a specified principal amount of the bonds issued and <br />outstanding. Such provision may authorize meetings of <br />bondholders and specify the manner in which the consent of the <br />bondholders may be given. Such provision shall specifically <br />state the effect of such amendment, modification, or waiver upon <br />the rights of the holders of all the bonds. <br /> Section 4.24. Amendment, Modification, or Waiver of <br />Conditions; Bonds Held by Interested Parties. The provisions for <br />such procedure may include an agreement that bonds held by the <br />Authority, the City, or by any other person or entity who or <br />which the Authority may determine to be so interested in the <br />matter as to make it proper, shall not be counted as outstanding <br />bonds, and that the holders thereof shall not be entitled to vote <br />or assent with respect to such amendment, modification or waiver, <br />but shall nevertheless be subject thereto. <br /> Section 4.25. provisions for Security and Marketability. <br />The Authority may provide for such other acts and matters as it <br />may deem to be necessary, convenient, or desirable to secure the <br />bonds or to make them more marketable. <br /> Section 4.26. Trustee; Designation; Authority. The <br />Authority may designate a bank or trust company as a trustee for <br />the holders of bonds issued pursuant to this ordinance and may <br />authorize the trustee to act on behalf of the rights and remedies <br />available to them. <br /> 19 <br /> ,.-.-.. <br />