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r7l <br />1 '' <br />5 <br />Section 12. This Council determines that all acts and conditions <br />necessarq 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 relati.ng to the passage of this <br />ordinance were taken in an open meeting of this Council and that all delibera- <br />tioss of this Council and of any committees that resulted in those formal <br />actions were in meetings open to tPie 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 in <br />whicti 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 Notes, <br />to timely retire the 1989 Alotes and <br />his ordinance shall be in full force <br />nd approval by the Mayor. <br />Passed: 1990 <br />A t t e s t: <br />Acting Clerk of Council <br />L, <br />President of Council <br />Approved: .? , 1990 <br />C./ <br />Mayor