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Ordinance 2562-01
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Ordinance 2562-01
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4/9/2014 2:54:06 PM
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4/9/2014 2:54:05 PM
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Ordinances
Ordinance Number
2562-01
Date
12/12/2001
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in such offer and in this ordinance. The proper City officials are hereby authorized and directed <br /> to do everything necessary for the prompt execution and delivery of the Notes to the Bank. <br /> Section 14. Ongoing Disclosure. The Notes is not subject to the Rule, and the City <br /> makes no undertaking regarding ongoing disclosure with respect to the Notes. <br /> Section 15. General Authorization; Ratification of Prior Acts. The Mayor, the Finance <br /> Director, the City Clerk and other appropriate officers of the City are authorized to take any <br /> actions and to execute documents as in their judgment may be necessary or desirable in order to <br /> carry out the terms of, and complete the transactions contemplated by, this ordinance. All acts <br /> taken pursuant to the authority of this ordinance but prior to its effective date are hereby ratified. <br /> Section 16. Severability. In the event that any one or more of the provisions of this <br /> ordinance shall for any reason be held to be invalid, such invalidity shall not affect or invalidate <br /> any other provision of this ordinance or the Notes, but this ordinance and the Notes shall be <br /> construed and enforced as if such invalid provision had not been contained herein; provided, <br /> however, that any provision which shall for any reason be held by reason of its extent to be <br /> invalid shall be deemed to be in effect to the extent permitted by law. <br /> -13- P\CMW\CMW548 01/11/20 <br />
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