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- 5 - <br />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 reve- <br />nues of the City are pledged for the timely payment of the principal of and <br />interest on the Bonds; and that no statutory or constitutional limitation of <br />indebtedness or taxation will have been exceeded in the issuance of the Bonds. <br />Section 14. This Council finds and determines that all formal ac- <br />tions of this Council concerning and relating to the passage of this ordinance <br />were taken in an open meeting of this Council and that all deliberations of <br />this Council and of any committees that resulted in those formal actions were <br />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 effec- <br />tiveness of this ordinance is required in order to effect issuance and sale of <br />the Bonds, which is necessary to enable the City to retire the Renewal Notes <br />and thereby preserve its credit; wherefore, this ordinance shall be in full <br />force and effect immediately upon its passage and approval by the Mayor. <br />Passed: , 1985 <br />Attest: 6 . <br />Clerk of Coun 1 <br />President of Council <br />L <br />ved: Z? , 1985 <br />• ?,,_, <br />Mayor