§ 411-604. Amendment of Union Municipal District agreement

(a) The Board of Supervisors may, at any regular or special meeting of the Board of Supervisors, by a majority vote of a quorum of the Board of Supervisors, adopt a resolution recommending an amendment to this agreement, which resolution shall state the wording of the proposed amendment, the purpose of the amendment, and the date, time, and place at which the Board of Supervisors shall consider the adoption of said amendment. A written copy of the resolution shall be delivered or mailed by the Clerk of the District to the clerk and each member of the legislative body of each member municipality, and to each member of the Board of Supervisors, which mailing or delivery shall occur at least 30 calendar days prior to the meeting at which action on the proposed amendment is scheduled to occur. Thirty calendar days following adoption of the amendment by a vote of two-thirds majority of the Board of Supervisors, the amendment shall become effective upon ratification by the General Assembly, unless a majority of the member municipalities, acting through their legislative branches, petition the Board of Supervisors prior to the effective date of the amendment to have the amendment acted upon by the legal voters of the District at an annual or special meeting of the District, in which case the Board of Supervisors shall, within 60 days thereof, cause the amendment to be acted upon by the legal voters of the District at an annual or special meeting thereof, in accordance with the provisions of Article V hereof. In the event the amendment shall be approved by a majority of the legal voters of the District at such meeting, it shall become effective upon ratification by the General Assembly.

(b) Upon receipt of a petition signed by not less than five percent of the legal voters of the District, which petition shall set forth the wording of a proposed amendment and the purpose of the proposed amendment, the Board of Supervisors shall consider the adoption of the amendment within 60 days of the receipt of the petition by the Board. In the event the Board of Supervisors shall approve the proposed amendment, the provisions of subsection (a) hereof shall apply. In the further event that the Board of Supervisors shall disapprove the proposed amendment, then and in that event shall the Board of Supervisors, within 60 days thereof, cause the amendment to be acted upon by the legal voters of the District at an annual or special meeting thereof, in accordance with the provisions of Article V hereof. In the event the amendment shall be approved by a majority of the legal voters of the District at such meeting, it shall become effective upon ratification by the General Assembly.

(c) No amendment may be made to this agreement which shall substantially impair the rights of the holders of any bonds or other notes or other evidence of indebtedness, or substantially affect any obligations under long-term contracts of the District then outstanding or in effect, or the rights of the District to procure the means for payment, continuation, or termination thereof.