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- 5 - <br />general property taxing power (as described in Section 9) of the City are <br />pledged for the timely payment of the debt charges on the Note; and that no <br />statutory or constitutional limitation of indebtedness or taxation will have <br />been exceeded in the issuance of the Note. <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 is <br />necessary for the immediate preservation <br />and welfare of the City, and for the <br />required to be immediately effective i <br />which is necessary to enable the City <br />thereby preserve its credit; wherefore, <br />and effect immediately upon its passage <br />declared to be an emergency measure <br />of the public peace, health, safety <br />further reason that this ordinance is <br />order to issue and sell the Note, <br />to timely retire the 1991 Note and <br />his ordinance shall be in full force <br />nd approval by the Mayor. <br />t a <br />Passed: ~ L~~~~L 1991 <br />i <br />C.. <br />Attest : ~',:..Zt, ~.c--c. e.._. ~` ~%'~~ cL ~ - / ~ a~-~--Gt~ti,,w <br />Clerk of Council (` President of Council <br />Approved: ~ 1991 <br />~> <br />