21-1562 Issuance of Capital Improvement Revenue Bond Series 2021 - Police Station

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subdivision thereof nor the faith and credit of the City are pledged to the payment of the principal of or redemption premium, if any, or interest on the Series 2021 Bond, and the issuance of the Series 2021 Bond shall not directly or indirectly or contingently obligate the State, or any political subdivision thereof, or the City to levy any ad valorem taxes whatever therefor or to make any appropriation for their payment except from the legally available Non -Ad Valorem Revenues budgeted and appropriated by the City to the extent set forth herein and in the Supplemental Resolution. SECTION 7. 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 the 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 Series 2021 Bond; to furnish disclosures, representations, certifications and confirmations concerning the City; and to execute and deliver any bank commitments regarding the Series 2021 Bond, 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 8. REPEAL OF INCONSISTENT PROVISIONS. All ordinances, resolutions or parts thereof in conflict with this ordinance are hereby repealed to the extent of such conflict. SECTION 9. REMEDIES OF HOLDERS OF SERIES 2021 BOND. The holders of the Series 2021 Bond, 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 10. 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 11. 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. [Remainder of Page Intentionally Left Blank]