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- 5 - <br />general obligation of the City have been performed and have been met, or will <br />at the time of delivery of the Note 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 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. This Council finds and determines that all formal <br />actions of this Council conce.rning 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 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 Note, <br />which is necessary to ena.ble the City to ti.mely retire the 1991 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 />Passed: 1992 <br />-? <br />A t t e s t: {? ??dZt-?6(-C-Q-- C??-cL?/ ?.-•1-c.?----.? ? <br />/Clerk of Council President of Council <br />J// 9 v <br />? <br />Approved: ?C.?i.?:? L?<?e-?,e" ;?• f <br />9 1992 'j <br />? " ) U f <br />Mayor <br />!7 .