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ORDINANCE N0. 89- 40 <br />PAGE FIVE <br />been met, in regular and due form as required by law; that the full faith, <br />credit and revenues of the Village are pledged for the timely payment of the <br />principal of and interest on the Notes; and that no statutory or constitution- <br />al limitation of indebtedness or taxation will have been exceeded in the issu- <br />ance of the Notes. <br />Section 13. This Council finds and determines that all formal ac- <br />tions of this Council concerning and relating to the passage of this ordinance <br />were taken in an open meeting of this Council, and that all deliberations of <br />this Council and of any committees that resulted in those formal actions were <br />in meetings open to the public, in compliance with the law. <br />Section 14. This ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, health <br />and safety of the Village and for the further reason that this ordinance must <br />be immediately effective so that the notes herein authorized can be delivered <br />at an early date in order to permit the timely retirement of the notes matur- <br />ing on November 15, 1989, with the proceeds of the Notes; wherefore, this <br />ordinance shall be in full force and effect immediately upon its passage and <br />approval by the Mayor. <br />G?:?(.cJ <br />,axrto Basile, President of Council <br />First reading: September 18, 1989 <br />Second reading: Suspended <br />Third reading: Suspended <br />PASSED: Se tember , 1989 <br />ATTEST: ' °'C?-?"W <br />Donna J. ea h, Clerk of Council <br />APPROVED : ?• I I? I I? 1 <br />D <br />Fred N. Carmen ate <br />Mayor <br />APPROVED AS TO FORM : ?'? / / <br />Fred P. Ramos, Law Director