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court having j enter a. <br /> decree or order for relief adjudging the City a bankrupt or <br /> ~insolvent, or approving as properly filed a petition seeking <br /> ~'~reorganization or arrangement of the. City under any ~pplicable <br /> -'":bankruptcy, insolvency or other similar law now or hereafter <br /> in effect, and suck decree or order Shall have continued <br /> undischarged or unstayed fo~ a.period of/'forty (40) days;. <br /> 6r if a court having jurisdiction shkll enter a decree or <br />~'-order~ appointing a receiver, liquidator, assignee, custodian, <br /> truste~, sequestrator (or similar' official) of the City <br /> or.~any-substantial, part of its pro~erty,~or ordering the <br /> inding--upor liquidation of the City, and such decree or <br /> sb~llremain <br /> <br /> .f <br /> be adjudicated insolvent or )licable <br /> ~-bankruPtcy, insolvency ~ or other s~ <br />now or hereafter in effect, or shall-consent tO' the filing <br />of a bankruQtcv ~roceeding against~it, or to the entry of an <br />Order for relief ~n an involuntary~pr0c.ee.ding against it <br />~nder any. Such~iaw, or shall file a~petition or answer or' <br />consent seeking reorganization or arrangement' under any such <br />~.llaw; or shall consent to the appointment of a receiver, <br />liquidator, trustee, assignee, custodian, sequestrator (or <br />other similar official) of the City or any substantial part <br />of. its property, or shall make an assignment for the benefit <br />Of creditors, or shall admit in writing its insotvency~ or <br />~ji!~inability~ to pay its~debts generally as they become due, or <br />~.~shatl take any action zn furtherance of any of~ the foregoing. <br /> <br /> principal amount~of Notes the~ oUtstanding, may, by notice <br /> in Writihg deli~ered~to the City;~eclare the Principal of <br />all Notes~henoutstanding and thelinterest accrued thereon <br />'i~ediately due and payable, andlsuch principal and interest <br /> shall thereuponbecome and~be immediately due and payable. <br /> <br /> If at an~ ' ' Notes <br /> · time the shall be declared due and <br /> payable because an Event of Default has occurred and <br /> .thereafter, but before any judgment or decree for the <br /> payment of moneys due to the holders of the Notes shall <br /> have been obtained or entered and been discharged, the <br /> Event of Default shall be cured, the holders of not less than. <br /> twenty-f~ve per centum (25%) in a~gregate principal amount <br /> of the Notes then outstanding may, by notice in writing <br /> delivered to the City, rescind such declaration. <br /> <br /> <br />