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1996-030
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1996-030
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Last modified
10/16/2015 4:50:14 PM
Creation date
10/15/2015 1:25:36 PM
Metadata
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Template:
Resolutions
Resolution Number
1996-030
Approved Date
02/20/1996
Resolution Type
Water and Sewer Revenue Bonds
Subject
to pay the costs of certain projects
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feasible, in quantitative form) between the financial statements as <br />prepared on the basis of the new accounting principles and those <br />prepared on the basis of the former accounting principles. <br />SECTION 9. Additional —information. Nothing in this <br />Disclosure Certificate shall be deemed to prevent the Issuer from <br />disseminating any other information, using the means of dissemina- <br />tion set forth in this Disclosure Certificate or any other means of <br />communication, or including any other information in any Annual <br />Report or notice of occurrence of a Listed Event, in addition to <br />that which is required by this Disclosure Certificate. If the <br />Issuer chooses to include any information in any Annual Report or <br />notice of occurrence of a Listed Event in addition to that which is <br />specifically required by this Disclosure Certificate, the Issuer <br />shall have no obligation under this Certificate to update such <br />information or include it in any future Annual Report or notice of <br />occurrence of a Listed Event. <br />SECTION 10. Default. In the event of a failure of the Issuer <br />to comply with any provision of this Disclosure Certificate any <br />Holder or Beneficial Owner of the Bonds may take such actions as <br />may be necessary and appropriate, including seeking mandate or <br />specific performance by court order, to cause the Issuer to comply <br />with its obligations under this Disclosure Certificate. A default <br />under this Disclosure Certificate shall not be deemed an Event of <br />Default under the Resolution, and the sole remedy under this <br />Disclosure Certificate in the event of any failure of the Issuer to <br />comply with this Disclosure Certificate shall be an action to <br />compel performance. <br />SECTION 11. Mies, Immtr+i t i ps and r i ahi t i t i oe Of D aapm i na <br />tion Agent. The Dissemination Agent shall have only such duties as <br />are specifically set forth in this Disclosure Certificate, and the <br />Issuer agrees to indemnify and save the Dissemination Agent, its <br />officers, directors, employees and agents, harmless against loss, <br />expense and liabilities which it may incur arising out of or in the <br />exercise or performance of its powers and duties hereunder, <br />including the costs and expenses (including attorneys fees) of <br />defending against any claim of liability, but excluding liabilities <br />due to the Dissemination Agent's gross negligence or wilful <br />misconduct. The obligations of the Issuer under this Section shall <br />survive resignation or removal of the Dissemination Agent and <br />payment of the Bonds. <br />SECTION 12. Beneficiaries. This Disclosure Certificate shall <br />inure solely to the benefit of the Issuer, the Dissemination Agent, <br />the Participating Underwriters and Holders and Beneficial Owners <br />from time to time of the Bonds, and shall create no rights in any <br />other person or entity. <br />
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