§ 3.154.170 — Amendment of chapter

3.154.170 Amendment of chapter.

This chapter may not be amended to have a material, adverse effect upon the rights of any holder of any outstanding bonds without the written consent of the holder, except that this chapter may be amended at any time for any or all of the following reasons: A. If the amendment is needed to cure an ambiguity or to correct or supplement a defective provision. B. If the city council finds that the amendment will not materially impair or adversely affect the city's interests or the interests of any holder of bonds. C. If the city council finds that the amendment is necessary or desirable to assure that interest on bonds intended to be exempt from gross federal income taxation will be exempt from gross federal income taxation, if applicable. D. If the amendment will apply solely to bonds issued or incurred after its effective date. (Ord. 2018-0041 § 2)