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ORDINANCE NO. 2014-17 <br />PAGE 12 <br />Section 18. Declaration of Emergencv; Effective Date. This Ordinance is declared <br />to be an emergency 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 is required to be <br />immediately effective in order to enable the Village to sell the Bonds, which is necessary to enable <br />the Village to refund at a lower interest cost the Refunded Bonds upon terms in the best interest of <br />and advantageous to the Village and thereby to achieve interest rate savings available under <br />current favorable market conditions; wherefore, this Ordinance sha11 be in full fo e and effect <br />immediately upon its passage and approval by the Mayor. /? f <br />? ?? <br />First reading: <br />July 7, 2014 <br />Second reading: <br />Third reading: <br />Suspended <br />Suspsnded <br />PASSED: July 7, 2014 <br />/ <br />APPROVED: <br />' BD te <br />Mayor <br />APPROVED AS TO FORM: Qz'? <br />I/v <br />J eph . Diemert, Jr., aw Dir or <br />ATTEST: _?? i A 6?;'a - <br />Mary E. Betsa, lerk of Council