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8 <br />general property taxing power (as described in Section 11) 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 />Sect.ion 15. This Council finds and determi.nes 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 Council and that all <br />deliberations of this Council and of any committees that resulted in those <br />formal actions were in meetings open to the public in compliance with the law. <br />Section 16. This or.dinance is declared to be an emergency measure <br />necessary for the immediate preservation of the public peace, health, safety <br />and welfare of the City, and for the fur.ther reason that this ordinance is <br />required to be immediately effective in order to issue and sell the Notes, <br />which is necessary to enable the City to timely retire the 1992 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 />? <br />Passed: ??'t•?-?-*-.?tA-' , 1992 <br />.? 7 <br />u?' ! r <br />At t E S t: 1:"tGC 2..G1-f._ • ?t° 9"iR-??rL..,? <br />? <br />' Clerk of Counc l <br />Approved: 1992 <br />?-- , <br />Mayo? <br />f' President of Council <br />\ r <br />?