53-91 $1mil Sanitary Sewer Special Obligation Notes

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the bonds in anticipation of which they are issued, when and as the same falls due, and in accordance with this Series Legislation and the General Bond Legislation. Section 8. It is hereby determined and recited that all acts, conditions and things necessary to be done precedent to and in the issuing of the Notes. in order to make them legal, valid and binding special obligations of the Issuer, will have been done and performed in regular and due form as required by law; and that. no limitation of indebtedness or taxation, either statutory or constitutional', will have been exceeded in the issuance of said Notes. Section 9. The Clerk of Council is hereby directed to forward a certified copy of this ordinance to the County Auditor. Section 10. The Mayor and the Fiscal Officer of the Issuer, or either of them, are authorized to prepare, execute and deliver to the original purchaser of the Notes a preliminary and final Official Statement or any other appropriate disclosure document in connection with the sale and delivery of the Notes. Section 11. It is found and determined that all formal actions of this Council concerning and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that all such deliberations of this Council and any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements including the Issuer's Charter and Codified Ordinances. Section 12. This ordinance i~ herebY declared to be an emergency measure necessary for the immediate preservation of the public peace, property, health, safety and welfare in the Issuer for the reasons set forth and defined in the preamble to this ordinance, and provided it receives the affirmative vote of two-thirds of all members elected to Council, this ordinance shall take effect and be in force immediately upon its passage by the Council and approval by the -6-