RES 67055 - Laserfiche WebLink

45 Agent is hereby appointed (and the successive respective holders and reiistered owners of the Bonds and interest coupons issud hereunder, by taking and holdin~ the same, shall be conclusively deemed so to have appointed it)thc true and lawful attorney-in-fact of the respective holders and registered owners of the Bonds and interest coupons for the purpose of bfinging any such suit, action, or proceeding and to do and perform any and all acts and things for and in behalf of the respective holders and registered owners of the Bonds and coupons as a class or classes, as may be necgssary or advisable in thc opinion of the Fiscal Agent as such attorney- in-fact. SECTION 8.06. Remedies Not Exclusive. No romedy horein conferred upon or reserved to the holders of Bonds is intended to be exclusive of any other remedy. Eve~ such remedy shall be cumulative and shall he in addition to every other remedy given hereunder or now or hereafter existing, at law or in equity or by statute or otherwise, and may he exercised without exhausting and without regard to any other remedy conferred by the Law or any other law. ARTICLE IX MISCELLANEOUS SECTION 9.01. Liability of City Limited to Revenues. Nothwithstanding anything in this Resolution contained, the City shall not be required to advance any moneys derived from the proceeds 9f any taxes collected in the City, or from affy source of income other than the Revenues, for the payment of the principal of or interest on the Bonds, for the maintenance amd operation of the Enterprise or for the performance of any covenants herein contained. The City may, however, advance funds for any such purpose, provided that such funds are defiv.ed from a source legally available for such pu~ose and may be used by the City for such purpose without incurring indebtedness. The Bonds shah be revenue bonds, payable exclusively from the Revenues as in this Resolution provided. The general fund of the City is not liable, and the credit or taxing power of the City is not pledged, for the payment of the Bonds or their interest. The holders of the Bonds or the coupons thereto appertaining ~i~rnever have the fight to compel the exercise of the taxing power of the City or the forfeit- ure of any property of the City. The principal of and interest on the Bonds and any premiums upon the redemption of any thereof shall not be a debt of the City, nor a legal or equitable pledge, charge~ lien or encumbrance upon any property of the City or upon any of its income, receipts or revenues except the Revenues pledged to the payment thereof as in this Resolution provided. SECTION 9.02. Benefits of Resolution Limited to Parties. Nothing in this Resolution, expressed or implied, is intended to give to any person other than the City, the Fiscal Agent, the Paying Agents and the holders of the Bonds and coupons, any right, remedy or claim under or by reason of this Resolution. Any covenants,