Laserfiche WebLink
<br />however, that in each year to the extent that revenues are available from other <br />sources for the payment of the Notes and bonds and are appropriated for such pur- <br />pose, the amount of such direct tax upon all of the taxable property in the City <br />shall be reduced by the amount of such revenues so available and appropriated. <br /> <br />Section 8. It is hereby determined and recited that all acts, <br />conditions and things necessary to be done precedent to and in the issuing of the <br />Notes in order to make them legal, valid and binding obligations of the City öf <br />Lakewood, will have been done and performed in regular and due form as required <br />by law; and that no limitation of indebtedness or taxation, either statutory or <br />constitutional, will have been 'exceeded in the issuance of said Notes. <br /> <br />Section 9. The Clerk of Council is hereby directed to forward a <br />certified copy of this ordinance to the County Auditor. <br /> <br />Section 10. The Mayor and Director of Finance; or either of them, <br />are authorized to prepare, execute and deliver to the original purchaser of the <br />Notes a preliminary and, final Official Statement or any other appropriate <br />disclosure document in connection with the sale and delivery of the Notes. <br /> <br />Section 11, It is found and determined thát all formal actions of <br />this Council concerning and relating to the passage of this ordinance were <br />adopted in an open meeting of this Council, and that all such deliberations of <br />this Council and any of its committees that resulted in such fot'mal action, were <br />in meeting open to the public, in compliance with all legal requirements <br />including the City's Chárter and Codified Ordinances <br /> <br />Section 12. This ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, property; <br />health, safety and welfare in the City förthe reasons set forth and defined in <br />the preamble to this ordinance, and provided it receives the affirmative vote of <br />two-thirds of all members elected to Council, this ordinance shall take effect <br />and be in force immediately upon its adoption by the Council and approval by the <br />Mayor; otherwise, it shall take eff~ctand be in force after d~ eríod <br />allowed by law. <br /> <br />passed'l//Jf JL 3 <br /> <br />, 1991 <br /> <br /> <br />Co ncil <br /> <br />APproved:rS <br /> <br />, 1991 <br /> <br />d~ <br />~~ <br /> <br />236/14282BOA.81B <br /> <br />-3- <br />