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Section 15, Effective Date. This ordinance is declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, health, safety and welfare of the City, <br />and for the further reason that this ordinance is required to be effective immediately in order to issue <br />and sell the Bonds, wluch is necessary to enable the City to advance refund at a lower interest cost the <br />Refunded Bonds upon terms in the best interest of and advantageous to the City and thereby to <br />achieve interest savings available under current favorable market conditions; wherefore, this <br />ordinance shall be in full force and effect immediately upon its passage and approval by the Mayor. <br />1 <br />Passed: 2001 <br />, <br />AtteSt: <br />7l?CL <br />Clerk of Courl?il <br />Approved: ??i?AC 2.I 2001 <br />, <br />Mayor <br />President of Council <br />? <br />?? <br />ri- 4 <br />? <br />E <br />-17-