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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, which 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 />Passed: A?- c-' ?J6 4 2001 <br />L ? <br />Attest: ? <br />( Clerk of C uncil <br />Approved: Z / 92001 <br />Mayor <br /> <br />President of Council ? <br />(1 / ? I <br />Al <br />(/> > <br />TI.?Y'YL?C?LC., <br />-17-