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<br />and welfare in the City, and for the further reason that the Notes must be sold promptly in order <br />to retire the Outstanding Notes and preserve the credit of the City; and provided it receives the <br />affirmative vote of at least five (5) of its members elected to Council, this ordinance shall take <br />effect and be in force immediately upon its passage by the Council and approval by the Mayor; <br />otherwise it shall take effect and be in force after the earliest period allowed by law, <br /> <br />Section 16. That 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) <br />of its members elected to Council, this ordinance shall take effect and be in force immediately <br />upon its adoption by the Council and approval by the Mayor otherwise, it shall take effect and be <br />in force after the earliest period allowed by law, <br /> <br />Section 17. It is found and determined that all formal actions of this Council <br />concerning and relating to the passage of this ordinance were adopted in an open meeting of this <br />Council, and that all such deliberations of this Council <br />and of any of its committees that resulted in such formal action were in meetings open to the <br />public in compliance with all legal requirements, n <br /> <br />Passed: April 7, 2008 <br /> <br />~.~ <br /> <br />President of Council <br /> <br />--" <br /> <br />Approved: April L, 2008 <br /> <br />Î!U~ ). /-I~¿ - <br />Clerk of Co cil <br /> <br /> <br />¿~J <br /> <br />I <br /> <br />11 <br /> <br />03/26/2008 Cleveland 1164265 <br />