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. ...... ..-...«.m-.?w.?,u..,, ?<_„u?,,..11.. .._.... . .:.... ..._.. <br />.y <br /> <br />- 5 - <br />at the time of delivery of the Bonds 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 Bonds; and that no statutory or constitutional limitation <br />of indebtedness or taxation will have been exceeded in the issuance of the <br />Bonds. <br />Section 14. This Council finds and determines that all formal <br />actions of this Council concerning and relating to the passage of this ordi- <br />nance were taken in an open meeting of this Council and that all deliberations <br />of this Council and of any committees that resulted in those formal actions <br />were in meetings open to the public, in compliance with all legal requirements <br />including Section 121.22 of the Revised Code. <br />Section 15. This ordinance is declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, health, safety <br />and welfare of the City, and for the further reason that the immediate <br />effectiveness of this ordinance is required in order to effect issuance and <br />sale of the Bonds, which is necessary to enable the City to retire the <br />outstanding notes and thereby preserve its credit; wherefore, this ordinance <br />shall be in full force and effect immediately upon its passage and approval by <br />the Mayor. <br />Passed: , 1985 <br />Attest: <br />Clerk of Counc <br />-----?----... <br />? <br />President of Council <br />/ <br />