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they are issued, when m'~d as the same falls due; provided, however, that in each year to the <br />extent that revenues are available from other sources for the payment of the Notes and bonds and <br />are appropriated for such purpose, the mount of such direct tax upon all of the taxable property <br />in the City shall be reduc~.d by the amount of such revenues so available and appropriated. <br /> <br /> Section 10. It is hereby determined and recited that all acts, conditions and things <br />necessary to be done precedent to and in the issuing of the Notes in order to make them legal, <br />valid and binding obligations of the City of Lakewood, will have been done and performed in <br />regular and due form as required by law; and that no limitation of indebtedness or taxation, either <br />statutory or constitutional, will have been exceeded in Re issuance of said Notes. <br /> <br /> Section 11. The Clerk of Council is hereby directed to forward a certified copy of <br />this ordinance to the County Auditor. <br /> <br /> Section 12. The Mayor and Fiscal Officer, or either of them, are authorized to <br />prepare, execute and deliver to the original purchaser of the Notes a preliminary and final <br />Official Statement or any other appropriate disclosure document in connection with the sale and <br />delivery of the Notes. <br /> <br /> Section 13. It is found and determined that all formal actions of this Council <br />concerning and relating to the passage of this ordinance were passed in an open meeting of this <br />Council, and that ail such deliberations of this Council and any of its eornmittees that resulted in <br />such formal action, were in meetings open to the public, in .compliance with all legal <br />requirements including the City's Charter and Codified Ordinances. <br /> <br />Section 14. This ordinance is hereby declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, property, health, safety and welfare <br />in the City and for the usual daily operation of the City for the reasons set forth and defined in <br />the preamble to this ordinance, and provided it receives the affirmative vote of at least five (5) of <br />its members elected to Council, this ordinance shall take effect and be in force immediately upon <br />its passage by the Coundl and approval by the Mayor; oth.~e, .it shall take effect and be in <br />force after the earliest period allowed by law. ~ .J <br /> <br /> ' ~] : President of CountrY - - - <br /> z- <br /> <br />{KLF1756.DOC; I ) <br /> <br />4 <br /> <br /> <br />