BIL 372 Draft 02 2006-2008 - Laserfiche WebLink

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(b) Removal. The 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[; ~~°-~~a°a '''°' ~••°'' °~ „~:,.° .w° °:... „i.° .i.° °a° ° a:a ~.,. ° ~a ~°a „~;,.°]. The County shall compensate the Paying Agent and Bond Registrar for the performance of their services hereunder and such compensation shall be an Administrative Expense and be payable only from the Administrative Expense Account. (c) Resi ng ation. The Paying Agent and/or Bond Registrar appointed hereunder may resign at any time upon 90 days' written notice and after appointment of a successor. If the County does not appoint a successor Paying Agent and/or Bond Registrar within ninety (90) days following the giving of any notice of removal or receipt of any notice of resignation, the removed or resigning Paying Agent and/or Bond Registrar may petition at the expense of the County any, appropriate court having jurisdiction to appoint a successor Paying Agent and/or Bond Registrar. (d) Merger, Consolidation or Reorganization. Subject to the foregoing provisions regarding the removal or resignation of the Bond Registrar and Paying Agent, upon merger, consolidation, or reorganization of the Bond Registrar and/or Paying Agent, the surviving corporation upon such merger or the corporation resulting from such consolidation or reorganization shall succeed to the duties and responsibilities of the Bond Registrar and/or Paying Agent hereunder. fie,) Successor Pang Agent and Bond Registrar. In the event of the resignation or removal of the Paving Agent and/or Bond Registrar, the Director of Finance, at his or her election, shall either serve as successor Paving Agent and/or Bond Registrar or appoint a bank or trust company to serve as successor in such capaci 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 to mean and refer to the designated office of such successor. SECTION 3. Repeal of Conflicts. All ordinances and resolutions, and any portions of ordinances and resolutions, heretofore enacted or adopted 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. SECTION 4. Severability. If any provision of this ordinance or application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or