Laserfiche WebLink
, . <br />opkI lowl% <br />, . ?+rr - 5 - ',r,°? <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 Note; and that no <br />statutory or constitutional limitation of indebtedness or taxation will have <br />been exceeded in the issuance of the Note. <br />Section 13. Ttiis Council finds and determines that all formal <br />actions of this Council concerning and relating to the passage of this <br />ordinance were taken in an open meeting of this Councii and that all delibera- <br />tions of tlzis Council and o£ any committees that resulted in those formal <br />actions were in meetings open to the public in compliance with the law. <br />Section 14. This ordinance is declared to be an emergency measure <br />necessary for the ingnediate preservation of the public peace, health, safety <br />and welfare of the City, and for Che further reason that this ordinance is <br />reyuired to be immediately effective in order to issue and sell the Note, <br />which is necessary to enable the City to timely retire the 1989 Notes and <br />thereby preserve its credit; wherefore, this ordinance shall be in full force <br />and effect immediately upon its passage and approval by the Mayor. <br />Passed: '?? /S , 1990 <br />A t t e s t: ???r?-•---Acting Clerk of Council <br />Approved: 1990 <br />Mayor <br />President of Council