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� # <br /> , � <br /> t ,� ! <br /> . , <br /> . • <br /> and shall no longer have the benefits of any covenant for the registered owners of <br /> outstanding Bonds as set forth herein as such relates to lien and security of the outstanding <br /> Bonds. All covenants relative to the Tax-exempt status of the Bonds; and payment, <br /> registration, transfer, and exchange; are expressly continued for all Bonds whether <br /> outstanding Bonds or not. <br /> Section 22. Municipal Bond Insurance Either of the Designated Officials is <br /> authorized upon advice of the Underwriters to procure a municipal bond insurance policy <br /> from AMBAC Indemnity Corporation (the "Credit Facility") for the Bonds, and in so doing, <br /> may execute such commitments or contracts as may be necessary. As long as the Credit <br /> Facility shall be in full force and effect, the City and the Bond Registrar agree to comply <br /> with such usual and reasonable provisions regarding presentment and payment of the Bonds, <br /> subrogation of the rights of the Bondholders to the Credit Facility Provider when holding <br /> Bonds, amendment hereof, or other terms, as approved by the Council on advice of counsel, <br /> their approval to constitute full and complete acceptance by the City of such terms and <br /> provisions under authority of this section. <br /> Section 23. Publication of Ordinance. A full, true and complete copy of this <br /> Ordinance shall be published within ten days after passage in pamphlet form by authority of <br /> the Council. <br /> -34- <br />