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ORDINANCE NO. 2008- 29 PAGE 6 <br />Section 13. This Council determines that all acts and conditions necessary to be done <br />or performed by the Village or to have been met precedent to and in the issuing of the Notes in <br />order to make them legal, valid and binding general obligations of the Village have been <br />performed and have been met, or will at the time of delivery of the Notes have been performed <br />and have been met, in regular and due form as required by law; that the full faith and credit and <br />general property taxing power (as described in Section 9) of the Village are pledged for the timely <br />payment of the debt charges on the Notes; and that no statutory or constitutional limitation of <br />indebtedness or taxation will have been exceeded in the issuance of the Notes. <br />Section 14. This Council finds and determines that all formal actions of this Council <br />and of any of its committees concerning and relating to the passage of this ordinance were taken in <br />an open meeting of this Council or of any of its committees, and that all deliberations of this <br />Council and of any committees that resulted in those formal actions were in meetings open to the <br />public, in compliance with the law. <br />Section 15. This ordinance is declared to be an emergency measure necessary for the <br />immediate preservation of the public peace, health and safety of the Village, and for the further <br />reason that this ordinance is required to be immediately effective in order to issue and sell the <br />Notes, which is necessary to enable the Village to obtain funds to meet its obligations in <br />connection with such improvement which is needed for the continuation of effective police <br />protection and law enforcement services; wherefore, this ordinance shall be in full force and effect <br />immediately upon its passage and approval by the M <br />First reading: august 18, 2008 <br />Second reading: Suspended <br />Third reading: Suspended <br />PASSED: Au st 18, 2008 <br />c ~ ~~ C ~U~ <br />APPROVED: <br />' Bruce G. Rinker ,~ Date <br />Mayor <br />APPROVED AS TO FORM: G/ <br />oseph . Diemert, Jr., aw Director <br />ATTEST: <br />M E. Betsa, C erk o Coun <br />