Ordinances-1965-58

Section 11. The provisions of this ordinance shall constitute a contract by and between the Town and the holders of the bonds herein authorized to be issued, and after the issuance of said bonds, or any of them, this ordinance shall not be repealed or amended by the Town in any respect which will adversely affect the holders of said bonds nor shall the Town adopt any ordinances, by-laws, or resolution which in any way adversely affects the rights of such holders so long as any of said bonds or the interest thereon remain unpaid. Section 12. All ordinances, resolutions and by-laws, or any parts thereof, of the Town in conflict with this ordinance are hereby repealed to the extent of such conflict. Section 13. It Is Hereby Declared that the sections, clauses, sentences and parts of this ordinance are severable and are not matters of mutually essential inducement; it being the intention of the Town to comply in all respects with the constitution and statutes of the State of Iowa, and if any one or more sections, clauses, sentences or parts of this ordinance shall for any reason be questioned in any court, or shall be judged unconstitutional or invalid, such judgment shall not impair or invalidate the remaining provisions of this ordinance, and shall be confined in its operation to the specific provision or provisions so held unconstitutional or invalid, and the inapplicability or invalidity of any section, clause, sentence or part of this ordinance in any one or more instances shall not be taken to affect or prejudice in any way its applicability or validity in any other instance. Section 14. This ordinance shall take effect and be in full force from and after its passage, approval and publication as by law provided. Passed this 21 day of December, 1965. James J O'Doole Mayor Attest: Maggie O'Doole Town Clerk (SEAL) Approved this 21 day of December, 1965. James J O'Doole Mayor Attest: Maggie O'Doole Town Clerk (SEAL) Recorded in the records of said Town this 21 day of December, 1965. Maggie O'Doole Town Clerk