92-094 Ordinance - Laserfiche WebLink

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_ . . . _ ?. __.. . ,??,.,?,?.... .. . _ _. . : _ _. . . .- ' , . ,.? - 5 - not formed or participated in the formation of, or benefited from or availed itself of, any entity in order to avoid the purposes of subparagraph (C) or (D) of Section 265(b)(3) of the Code, and will not form, participate in the formation of, or benef.it from or avail itself of, any such entity. The City further represents that the Notes are not being issued as part of a direct or indi.rect composite issue that combines issues or lots of tax-exempt obligations of different issuers. Section 11. The Clerk of Council is directed to deliver a certi.fied copy of this ordinance to the County Auditor. Section 12. This Council determines that all acY.s and conditions necessary to be done or perfor.med by t.he City or to have been met precedent to and in ttie issuing of the Notes in order to make them legal, val..id and b.i_nding generai obligations of the Ci.ty have been performed and tiave been met, or will at the time of delivery of the Notes have been performed and have been met, in regular and due form as required by law; that the full faith and credit and general property taxing power (as described in Section 9) of the City are pledged for the timely payment of the debt charges on the Notes; and that no statutory or constitutional limitation of indebtedness or taxation will have been exceeded in the issuance of the Notes. Section 13. This Cvuncil finds and determines that all formal actions of this Council concerning and relating to the passage of this ordi- nance were taken in an open meet.ing of this Council and that all deliber.ations of ttiis Council and of any committees that resulted in those formai actions were in meetings open to tlie public in compliance with the law. Section 14. This ordinance is necessary for the immediate preservation and welfare of the City, and for the required to Ue immediately effective in which is necessary to enable the City thereby preserve its credit; wherefore, and effect immediately upon its passage f P a s s e d: 1992 41 A t t e s t: ,?y/ ? zC? c?'? • eL-?? lClerk of Council Approved: /9 , 1992 61 Mayor declared to be an emergency measure of ttie public peace, healtti, safety further reason that this ordinance is order to issue and sell the Notes, to timely retire the 1991 Notes and his ordinance shall be in full force nd approval by the Mayor. Q . U.,-r.-, " '`.1 . President of Council ` Q C' ?"-?-x..? ; ( ? • ?` - -,, ? L x.? ;