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<br /> <br /> <br /> <br /> <br /> <br /> in the opinion of nationally-recognized bond counsel, to preserve the exemption from federal <br /> income taacation of interest on the Bonds under Section 103 of the Code. <br /> <br /> Section 31. SALE OF INITIAL BOND. The Initial Bond is hereby sold and shall <br /> be delivered to ►~,y for cash for the par value thereof plus accrued <br /> interest thereon to date of delivery, plus a premium of $ 37Q~. a>"' It is hereby officially <br /> found, determined, and declared that the Initial Bond has been sold at public sale to the <br /> bidder offering the lowest interest cost, after receiving sealed bids pursuant to an Official <br /> Notice of Sale and Bidding Instructions and Official Statement dated March 23, 1992, <br /> prepared and distributed in connection with the sale of the Initial Bond. Said Official Notice <br /> of Sale and Bidding Instructions and Official Statement, and any addenda, supplement, or <br /> amendment thereto have been and are hereby approved by the governing body of the Issuer, <br /> and their use in the offer and sale of the Bonds is hereby approved. It is further officially <br /> found, determined, and declared that the statements and representations contained in said <br /> Official Notice of Sale and Official Statement are true and correct in all material respects, <br /> to the best knowledge and belief of the governing body of the Issuer. <br /> <br /> Section 33. T'his Ordinance shall become effective on March 30, 1992. <br /> <br /> PASSED AND ADOPTED this the 30th day of March, 1992. <br /> <br /> . <br /> ` ~ . <br /> eorge Fisher, Jr., Mayor <br /> <br /> a <br /> Mattie Cunnighar.i, Citylerk <br /> <br /> AFP C?'V TO FORM: <br /> <br /> <br /> T. K. ayne ity Attorney <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 36 <br />