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2001-58 PROVIDING FOR THE ISSUANCE OF A TAXABLE SUBORDINANTE LIEN PROMISSORY NOTE
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2001-58 PROVIDING FOR THE ISSUANCE OF A TAXABLE SUBORDINANTE LIEN PROMISSORY NOTE
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3/2/2016 10:50:10 AM
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3/2/2016 10:50:08 AM
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Resolution/Ordinance
Res Ord Num
2001-58
Res Ord Title
PROVIDING FOR THE ISSUANCE OF A NOT TO EXCEED $4,882,000 TAXABLE SUBORDINATE LIEN PROMISSORY NOTE (SOUTHEAST PLAZA PROJECT), SERIES 2001
Approved Date
8/6/2001
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ti <br /> � <br /> a �:� - ' <br /> Section 14. Partial Invalidity. If any section, paragraph, clause or provision of this <br /> Ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision <br /> shall not affect any of the other provisions of this Ordinance. <br /> Section 1 S. List of Bondholders. The Note Registrar shall maintain a list of the <br /> names and addresses of the holders of the Note and upon any transfer shall add the name and <br /> address of the new Noteholder and eliminate the name and address of the transferor Noteholder. <br /> Section 16. Prior Inconsistent Proceedings. All ordinances,resolutions or orders, or <br /> parts thereof, in conflict with the provisions of this Ordinance, are to the extent of such conflict <br /> hereby repealed. <br /> Section 17. Immunity of Officers, Employees and Members of City. No recourse <br /> shall be had for the payment of the principal of or premium or interest on the Note or for any <br /> claim based thereon or upon any obligation, covenant or agreement in this Ordinance contained <br /> against any past,present or future officer, director, member, employee or agent of the City, or of <br /> any successor public corporation, as such, either directly or through the City or any successor <br /> public corporation, under any rule of law or equity, statute or constitution or by the enforcement <br /> of any assessment or penalty or otherwise, and all such liability of any such officers, directors, <br /> members, employees or agents as such is hereby expressly waived and released as a condition of <br /> and consideration for the passage of this Ordinance and the issuance of the Note. <br /> Section 18. Publication. This Ordinance shall be published within ten (10) days of <br /> its passage in pamphlet form, by authority of the Corporate Authorities, and thereafter shall be in <br /> full force and effect as provided by law. <br /> -27- <br />
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