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Section 16. This ordinance is declared to be an emergency measure necessary for the <br />immediate preservation of the public health, safety and welfare of the City, and for the further <br />reason that this ordinance is required to be immediately effective in order to issue and sell the Notes, <br />which is necessary to enable the City to timely retire the Outstanding Notes and thereby preserve its <br />credit; wherefore, this ordinance shall be in full force and effect immediately upon its passage and <br />approval by the Mayor. �: 1 �� << 416 -les- <br />Passed: "6 '2005 <br />i <br />Attest: <br />Clerk of Cou cil <br />Approved: '' , 2005 <br />Mayor <br />-7- <br />r� <br />reside t Pro Tern of 60cil <br />J <br />r , <br />