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<br />performed and have been met, or will at the time of delivery of the Notes have been performed and <br />have been met, in regular and due form as required by law; that the full faith and credit and general <br />property taxing power (as described in Section 9) of the City are pledged for the timely payment of <br />the debt charges on the Notes; and that no statutory or constitutional limitation of indebtedness or <br />taxation will have been exceeded in the issuance of the Notes. <br />Section 13. This Council finds and determines that a11 formal actions of this Council <br />and of any of its committees concerning and relating to the passage of this ordinance were taken, <br />and that a11 deliberations of this Council and of any committees that resulted in those formal actions <br />were held, in meetings open to the public in compliance with the law. <br />Section 14. This ordinance is declazed to be an emergency measure necessary for the <br />immediate preservation of the public peace, health, safety and welfare of the City, and for the <br />further reason that this ordinance is required to be immediately effective in order to issue and sell <br />the Notes, which is necessary to enable the City to timely retire the Outstanding Notes and thereby <br />preserve its credit; wherefore, this ordinance shall be in full force and effect immediately upon its <br />passage and approval by the Mayor. <br />9 <br />Passed: 119 <br />Atte -Aa <br />Clerk of Coun P?sident of Council <br />Approved: , 1998 <br />, <br />e__Y <br />\JL.??'"?'-? ?,, P?J ` _ -I?---l ,? ? • P t?. <br />',i .,,?-.... <br />Mayar - <br />-7- <br />?