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- 5 - <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 and credit and <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 Notes; and that no <br />statutory or constitutional limitation of indebtedness or taxation will have <br />been exceeded in the issuance of the 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 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 the law. <br />Section 14. This ordinance shall be effective from and after the <br />earliest time permitted by law. <br />Passed: ~ , 1991 <br />/ _ r <br />Attest . c.G-d-c-a. ~~~ ~-~L~J~xd.~w _ -..Z.ti. _. ~~ ! J c+--e li-.-,.-~.-L_ <br />ice-.-, <br />Clerk of Council `,`,~ President of Council <br />Approved: ~. ~°a' 1991 <br />~f! <br /> <br />