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ORDINANCE NO. 2001- 13 PAGE 6 <br />discretion on behalf of this Village in the formulation of public policy, expenditure of public <br />funds, enforcement of laws, rules and regulations of the State, any county, municipality or other <br />political subdivision, or of this Village, or the execution of public trusts. <br />Section 12. The Clerk of Council is directed to forward a certified copy of this <br />ordinance to the County Auditor. <br />Section 12. This Council determines that a11 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 13. 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 14. This ordiriance 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 timely finance and meet its <br />remaining obligation under the Agreement for the purchase of that property and thereby preserve <br />its credit; wherefore, this ordinance shall be in full force and effect immediately upon rts passage <br />and approval by the Mayor. <br />First reading: August 13, 2001 <br />Second reading: Suspended <br />Third reading: Suspended