Laserfiche WebLink
. _ K . , ,... . ??.,., <br />- 5 - <br />at the time of delivery of the Note liave been performed and have been met, in <br />regu.lar and due form as required by law; that the full faith and cred3.t and <br />general pr.operty taxing power (as descr.ibed in Section 9) of the City are <br />pledged for the t.i.mely payment of tlZe debt charges on the Note; and that no <br />statutory or constitutional limitation of indebtedness or taxation wi.ll have <br />been exceeded in the issuance of the Note. <br />Section 13. 7'his Council finds and determines that all formal <br />acti.ons 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 delibera- <br />tions of thi.s Cotancil and of any committ.ees 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 />necessar.y for the immediate preservation of the publ.i.c peace, health, safety <br />and welfare of the City, and for the further reason that this ordinance is <br />requir.ed to be iznmediately effective in order to issue and sell the Note, <br />which is necessary to enable the City to timely retire the 1991 Note and <br />thereby preserve its credit; wherefore, this ordinance shall be in full force <br />and effect i?nmediately upon its passage and approval by the Mayor. <br />, <br />Passed: t,.?????/?! ? 1992 <br />At t e s t: rn.?--K-- <br />C1erk of Counci <br />Approved: / 1992 <br />, <br />Mayor <br />, <br />President of Council <br />? ?.. <br />? ? <br />, ??