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4 <br />of, or benefited from or availed itself of, any entity in order to avoid the <br />purposes of subparagraph (C) or (D) of Section 265(b)(3) of the Code, and will <br />not form, participate in the formation of, or benefit from or avail itself of, <br />any such entity. The City further represents that the Notes are not being <br />issued as part of a direct or indirect composite issue that combines issues or <br />lots of tax-exempt obligations of different issuers. <br />Section 11. The Clerk of Council is directed to deliver a certified <br />copy of this ordinance to the County Auditor. <br />Section 12. This Council determines that all acts and conditions <br />necessary to be done or performed by the City or to have been met precedent to <br />and in the issuing of the Notes in order to make them legal, valid and binding <br />general obligations of the City have been performed and have been met, or will <br />at the time of delivery of the Notes have been performed and have been met, in <br />regular and due form as required by law; that the full faith, credit and <br />revenues of the City are pledged for the timely payment of the principal of <br />and interest on the Notes; and that no statutory or constitutional limitation <br />of indebtedness or taxation will have been exceeded in the issuance of the <br />Notes. <br />Section 13. This Council finds and determines that all formal <br />actions of this Council concerning and relating to the passage of this <br />ordinance were taken in an open meeting of this Council and that all delibera- <br />tions of this Council and of any committees that resulted in those formal <br />actions were in meetings open to the public in compliance with the law. <br />Section 14. This ordinance shall be in full force and effect from <br />and after the earliest time permitted by law. <br />Passed: 1989 <br />Attest: ~~'~~ `" _ <br />Clerk of Counci <br />resident of Council <br />Approved: 1989 <br />D <br />Mayor <br />