Laserfiche WebLink
<br />the issuing of the Bonds 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 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 ordi- <br />nance were taken in an open meeting of this Council and that all deliberations <br />of this Council and of any committees that resulted in those formal actions <br />were in meetings open to the 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 />which 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 Bonds, <br />to timely retire the 1992 Notes and <br />this ordinance shall be in full force <br />and approval by the Mayor. <br />/7 <br />Passed: 1992 <br />At t e s t: <br />Clerk of ouncil <br />Approved: 1992 <br />May <br />President of Council <br />- 9 - <br /> <br />C) <br />? i