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When the Continuing Disclosure Undertaking is executed and delivered on behalf of the City as <br /> herein provided, the Continuing Disclosure Undertakin� will be binding on the City and the <br /> officers, employees and agents of the City, and the officers, employees and agents of the City <br /> are hereby authorized, empowered and directed to do all such acts and things and to execute all <br /> such documents as may be necessary to carry out and comply with the provisions of the <br /> Continuinb Disclosure Undertaking as executed. Notwithstanding any other provision of this <br /> Ordinance, the sole remedies for failure to comply with the Continuing Disclosure Undertaking <br /> shall be the ability of the beneficial owner of any Bond to seek mandamus or specific <br /> performance by court order, to cause the City to comply with its obligations under the <br /> Continuing Disclosure Undertaking. <br /> Section 21. Call of Reficnded Bonds; Purchase of the Government Securities. In <br /> accordance with the redemption provisions of the bond ordinance authorizing the Refunded <br /> Bonds, the City by the Council does hereby make provision for the payment of and does hereby <br /> call (subject only to the delivery of the Bonds) the Refunded Bonds for redemption and payment <br /> prior to maturity on their earliest call dates therefor as set forth in the Escrow Agreement. The <br /> Escrow Agent, Speer Financial, Inc., and Chapman and Cutler LLP, Chicago, Illinois, be and <br /> the same are each hereby authorized to act as-agent for the District in the purchase of the <br /> Government Obligations described and set forth in the Agreement. <br /> Section 22. Municipal Bond Insurance. In the event the payment of principal of and <br /> interest on the Bonds is insured pursuant to a municipal bond insurance policy (a "Municipal <br /> Bond Insurance Policy") issued by a bond insurer (a `Bond Insurer"), and as long as such <br /> Municipal Bond Insurance Policy shall be in full force and effect, the City and the Bond <br /> Registrar agree to comply with such usual and reasonable provisions regarding presentment and <br /> payment of the Bonds, subrogation of the rights of the Bondholders to the Bond Insurer when <br /> -31- <br />