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Section 15. Effective Date. This ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, property, health, safety <br />and welfare in the City, and for the further reason that the Notes must be sold promptly in order <br />to take advantage of favorable interest rates; and pmvided it receives the affirmative vote of at <br />least five (5) of its members elected to Council, rids ordinance shall take effect and be in force <br />immediately upon its passage by the Council and approval by the Mayer; otl~erwise it shall take <br />effect and be in force al~er the earliest period allowed by law, <br /> <br />Passed: April __, 2007 <br /> <br />President of Council <br /> <br />Clerk of Co&ncil J <br /> <br />Approved: April~ 2007 <br /> <br />8 <br /> <br /> <br />