BIL 372 Draft 01 2006-2008 - Laserfiche WebLink

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(b) Removal. "hhc Paying Agent and Bond Registrar initially appointed, and any successor thereto, may be removed by the County and a successor or successors may be appointed. "ihe County shall compensate the Paying Agent and Registrar for the performance oP their services hereunder and such compensation shall be an Administrative Expense and he payable only from the Administrative Gxpensc Account. (b) Section 6.01 of the Ordinance is hereby further amended to include a new subsection (e), which shall read in its entirety as follows: (e) Successor Pa iy_nk~ At;cnt and Bond Re istrar. In the event of the resignation or removal of the Paying Agent and/or Bond Registrar, the Director of Finance, at his or her election, shall either serve as successor Paying Agent and/or Bond Registrar or appoint a bank or trust company to serve as successor in such capacity or capacities. In either case, the successor shall maintain a designated office to which matters pertaining to the Bonds may be directed, and any references herein to the corporate trust office or principal corporate trust office of the Paying Agent and/or Bond Registrar or to the city or state in which such office is located, shall be deemed [o mean and refer to the designated office of such successor. SECTION 3. Reneal of Conllicts. All ordinances and resolutions, and any portions of ordinances and resolutions, heretofore enacted or adapted by the Council which are in conflict or inconsistent with any provision of this ordinance shall be and are hereby repealed to the extent of such conflict or inconsistency. SGC'I'ION 4. Severabilitv. If any provision of this ordinance or application thereof to any person or circumstance is held invalid, such invalidity shall not aflcct other provisions or applications of this ordinance which can be given effect wid~out the invalid provision or application, and to this end, the provisions of this ordinance arc declared to be severable. 2