21-1549 - Authorizing Issuance of Bond

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include provisions for the sole benefit of the holders of such series of Bonds, as circumstances dictate, in order to fully protect the rights of the holders of such series of Bonds. SECTION 5. GENERAL AUTHORITY. The Mayor, City Manager, and Finance Director of the City, or any of them, and such other officers and employees of the City as may be designated by the Mayor, are hereby authorized, pending adoption of any Supplemental Resolution, to do all things and to take any and all actions on behalf of the City, without further action by the Commission, to provide for the issuance of the Bonds; to furnish disclosures, representations, certifications and confirmations concerning the City; and to execute and deliver any bank commitments regarding a particular series of the Bonds, and all other documents and instruments deemed appropriate by any of such officers, the approval of the City and all corporate power and authority for such actions to be conclusively evidenced by the execution and delivery thereof by any of such officers. SECTION 6. REMEDIES OF HOLDERS OF BONDS. The holders of the Bonds, except to the extent the rights herein given may be restricted by a supplemental resolution, may, whether at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce and compel the performance of all duties required hereby, or by such supplemental resolution, to be performed by the City. SECTION 7. RATIFICATION OF BOND RESOLUTION. Resolution 20-3157 adopted by the City Commission on April 27, 2020 is hereby ratified and approved. SECTION 8. ALTERNATIVE METHOD. This Ordinance shall be deemed to provide an additional and alternative method for the doing of things authorized hereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing or which may hereafter come into existence. This Ordinance, being necessary for the health, safety and welfare of the inhabitants and /or property owners of the City, shall be liberally construed to effect the purposes hereof. SECTION 9. SEVERABILITY. In the event that any portion or section of this Ordinance is determined to be invalid, illegal or unconstitutional by a court of competent jurisdiction, such decision shall in no manner affect the remaining portions or sections of this Ordinance which shall remain in full force and effect. SECTION 10. CONFLICTS. All Ordinances or Resolutions, or parts of Ordinances or Resolutions in conflict with any provisions of this Ordinance are hereby repealed to the extent of the conflict. [Remainder of Page Intentionally Left Blank]