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<br />ORDINANCE N0.2012-25 <br />PAGE 8 <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 the immediate effectiveness of this ordinance is required in order to effect the issuance <br />and sale of the Notes, which is necessary to enable the Village to retire the Outstanding Note and <br />thereby preserve its credit; wherefore, this ordinance shall be in full force and effect ediately <br />upon its passage and approval by the Mayor. / / ~ <br />William Buckhortz, President of C~ltncil <br />First reading: <br />July 16, 2012 <br />Second reading: <br />Suspended <br />Third reading: S,, ~ n P n~ P~ <br />PASSED: Julv~16, 2012 <br />APPROVED: ~ <br />' Bruce .Rinker <br />Mayor <br />~ ~ Z <br />Dat <br />APPROVED AS TO FORM: ~ ,(~ ~/(~°~~'~'3~i/~j <br />seph . Diemert, Jr., Law Director r <br />ATTEST: & . <br />M E. Betsa, Clerk of Council <br />