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Section 16. Emergency. 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 further reason that the Bonds must be sold promptly in order to retire the <br />Outstanding Note and preserve the credit of the City; and provided it receives the affirmative <br />vote of at least five of its members elected to Council, this Ordinance shall take effect and be in <br />force immediately upon its passage by the Council and approval by the Mayor. <br />Passed: Jdova,l,,.,, I ~ , 2010 <br />Approved: % / ~ , 2010 <br />Preslde~ nt of Council <br />~- t / , ~ <br />Clerk o Council <br />Mayor <br />17 <br />Doc 3699712 Vert <br />