Oakland |
Code of Ordinances |
Title 4. REVENUE AND FINANCE |
Chapter 4.50. SEWER REVENUE BOND LAW |
Article III. Miscellaneous Provisions |
§ 4.50.180. Amendment of chapter.
This chapter shall not be amended so as to have a material, adverse affect upon the rights of the owners of any outstanding bonds theretofore issued hereunder, without the written consent of such bond owners; provided, however, that this Chapter may be amended at any time (a) to make such provisions for the purpose of curing any ambiguity, or of curing, correcting or supplementing any defective provision herein contained, as the city may deem necessary or desirable; or (b) if such amendment does not materially impair or adversely affect the interests of any such Bond owner or city in the opinion of the Council; or (c) if such amendments apply solely to bonds not theretofore issued.