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<br />federal income tax purposes, and the officers identified above are authorized <br />to take actions with respect to those issues as they are authorized in this <br />section to take with respect to the Bonds. <br />Section 11. The Clerk of Council is directed to deliver a certified <br />copy of this ordinance and of the Certificate of Award to the County Auditor. <br />Section 12. This Council determines that all acts and conditions <br />necessary to be performed by the City or to have been met precedent to and in <br />tlie issuing of the Bonds in or.der 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 Bonds 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 Bonds; and that no <br />statutory or constitutional limitation of indebtedness or taxation will have <br />been exceeded in the issuance of the Bonds. <br />Section 13. This 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 Council and that all delib- <br />erations of this Council and of 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 immediate preservation of the public peace, health, safety, <br />and welfare of the City, and for the further reason that this ordinance is <br />required to be immediately effective in order to issue and sell the Bonds, <br />wliich is necessary to enable the City to timely retire the 1992 Note 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: C ?• k? , 1992 <br />? t <br />A t t e s t: <br />7 Clerk of Co ncil <br />President of Council <br />???.C.,t??n.?- C..?-.(?-•--? . ?01(0 ?Q ? <br />?? ?, i.?..Cr-•?-(3?-"--?-?-_ <br />- 11 - <br /> <br />Approved: , 1992