1998 030 Ordinance - Laserfiche WebLink

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ORDINANCE NO. 98- 30 PAGE 6 Section 12. This Council determines that all acts and conditions necessary to be done or performed by the Village or to have been met precedent to and in the issuing of the Notes in order to make them legal, valid and binding general obligations of the Village have been performed and have been met, or will at the time of delivery of the Notes have been performed and have been met, in regular and due form as required by law; that the full faith and credit and general property taxing power (as described in Section 9) of the Village are pledged for the timely payment of the debt charges on the Notes; and that no statutory or constitutional limitation of indebtedness or taxation will have been exceeded in the issuance of the Notes. Section 13. This Council finds and determines that all formal actions of this Council and of any of its committees concerning and relating to the passage of this ordinance were taken in an open meeting of this Council or of any of its committees, and that all deliberations of this Council and of any committees that resulted in those formal actions were in meetings open to the public, in compliance with the law. Section 14. This ordinance is declared to be an emergency measure necessary for the immediate preservation of the public peace, health and safety of the Village, and for the further reason that this ordinance must be immediately effective so that the Notes can be sold at the earliest possible date to enable the Village to refund the notes maturing on September 29, 1998; wherefore, this ordinance shall be in full force and effect immediately upon its passage and approval by the Mayor. ark Fixler, esident of Council First reading: August 24, 1998 Second reading: suspended Third reading:: PASSED: /Ai C APPROVED: Susvended 24, 1998 ' y Bruce APPROVED AS TO FOR ATTEST: ~\_ Donna J: H$a C ~a~~~~ Date J~ . Diemert, Jr., Law Di -~ rr Clerk of Council